WINTON GROUP Ltd Purchases 32,597 Shares of EchoStar Corporation $SATS

WINTON GROUP Ltd increased its position in EchoStar Corporation (NASDAQ:SATS) by 242.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,060 shares of the communications equipment provider’s stock after buying an additional 32,597 shares during the quarter. WINTON GROUP Ltd’s holdings in EchoStar were worth $5,007,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new position in EchoStar in the 4th quarter worth $3,593,000. Junto Capital Management LP bought a new position in EchoStar in the 3rd quarter worth $55,199,000. Seven Grand Managers LLC bought a new position in EchoStar in the 4th quarter worth $21,740,000. Sumitomo Mitsui Trust Group Inc. bought a new position in EchoStar in the 4th quarter worth $28,994,000. Finally, Massachusetts Financial Services Co. MA bought a new position in EchoStar in the 4th quarter worth $20,459,000. Institutional investors own 33.62% of the company’s stock.

EchoStar Stock Down 6.7%

Shares of SATS stock opened at $116.28 on Friday. The stock has a market cap of $33.70 billion, a P/E ratio of -2.32 and a beta of 0.94. EchoStar Corporation has a 52 week low of $14.90 and a 52 week high of $147.25. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. The company’s fifty day simple moving average is $125.72 and its two-hundred day simple moving average is $112.77.

EchoStar (NASDAQ:SATS) last announced its quarterly earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.03). The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. EchoStar had a negative return on equity of 4.80% and a negative net margin of 97.56%.During the same quarter in the previous year, the firm earned ($0.71) EPS. Analysts predict that EchoStar Corporation will post -3.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SATS. TD Cowen upped their target price on shares of EchoStar from $129.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, May 18th. New Street Research initiated coverage on shares of EchoStar in a research note on Wednesday, May 13th. They issued a “buy” rating and a $161.00 price target on the stock. Zacks Research cut shares of EchoStar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. UBS Group boosted their price target on shares of EchoStar from $125.00 to $127.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Williams Trading set a $155.00 price target on shares of EchoStar in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, EchoStar presently has an average rating of “Hold” and an average price target of $137.14.

EchoStar Profile

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.