EchoStar Corporation $SATS is Rokos Capital Management LLP’s 8th Largest Position

Rokos Capital Management LLP boosted its stake in shares of EchoStar Corporation (NASDAQ:SATS) by 47.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 956,487 shares of the communications equipment provider’s stock after purchasing an additional 309,390 shares during the quarter. EchoStar comprises 0.8% of Rokos Capital Management LLP’s holdings, making the stock its 8th largest holding. Rokos Capital Management LLP owned 0.33% of EchoStar worth $111,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in shares of EchoStar by 6.0% during the first quarter. AQR Capital Management LLC now owns 26,805 shares of the communications equipment provider’s stock valued at $672,000 after buying an additional 1,511 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of EchoStar by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,482 shares of the communications equipment provider’s stock worth $1,854,000 after buying an additional 3,199 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of EchoStar by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,476 shares of the communications equipment provider’s stock worth $8,479,000 after acquiring an additional 24,749 shares in the last quarter. Strs Ohio bought a new position in shares of EchoStar during the 1st quarter worth approximately $128,000. Finally, Hsbc Holdings PLC raised its stake in shares of EchoStar by 18.6% during the 2nd quarter. Hsbc Holdings PLC now owns 13,528 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 2,119 shares in the last quarter. Hedge funds and other institutional investors own 33.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SATS shares. Weiss Ratings restated a “sell (d-)” rating on shares of EchoStar in a research note on Monday, April 20th. TD Cowen lifted their price target on shares of EchoStar from $129.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Williams Trading set a $155.00 price target on EchoStar in a research report on Monday, May 18th. Wall Street Zen upgraded EchoStar from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, New Street Research set a $165.00 price objective on EchoStar in a research report on Monday, June 15th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $137.71.

EchoStar Stock Down 0.1%

EchoStar stock opened at $103.80 on Tuesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.27 and a current ratio of 0.30. The business’s 50-day simple moving average is $112.70 and its two-hundred day simple moving average is $116.83. The company has a market cap of $30.08 billion, a PE ratio of -2.07 and a beta of 0.94. EchoStar Corporation has a fifty-two week low of $24.15 and a fifty-two week high of $147.25.

EchoStar (NASDAQ:SATS) last announced its quarterly earnings data on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.03). EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the company posted ($0.71) earnings per share.

Insiders Place Their Bets

In related news, CEO Hamid Akhavan sold 52,586 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $121.00, for a total value of $6,362,906.00. Following the transaction, the chief executive officer owned 865,633 shares in the company, valued at approximately $104,741,593. This represents a 5.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 55.90% of the company’s stock.

EchoStar Company 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.