Captrust Financial Advisors Increases Holdings in EchoStar Co. (NASDAQ:SATS)

Captrust Financial Advisors increased its holdings in shares of EchoStar Co. (NASDAQ:SATS) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,589 shares of the communications equipment provider’s stock after purchasing an additional 772 shares during the period. Captrust Financial Advisors’ holdings in EchoStar were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in EchoStar by 54.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,231 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 789 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in EchoStar by 122.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,199 shares of the communications equipment provider’s stock valued at $75,000 after buying an additional 2,315 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in EchoStar in the 2nd quarter valued at about $89,000. SG Americas Securities LLC purchased a new position in EchoStar in the 3rd quarter valued at about $165,000. Finally, XTX Topco Ltd purchased a new position in EchoStar in the 2nd quarter valued at about $183,000. 33.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SATS has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Morgan Stanley upped their target price on shares of EchoStar from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. StockNews.com upgraded shares of EchoStar to a “sell” rating in a research note on Saturday, November 9th. Finally, Raymond James lowered shares of EchoStar from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, EchoStar currently has a consensus rating of “Hold” and a consensus target price of $19.25.

Insider Buying and Selling

In other EchoStar news, Chairman Charles W. Ergen acquired 1,551,355 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of $28.04 per share, for a total transaction of $43,499,994.20. Following the completion of the purchase, the chairman now directly owns 1,551,355 shares in the company, valued at $43,499,994.20. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 55.90% of the stock is owned by company insiders.

EchoStar Price Performance

SATS opened at $23.44 on Thursday. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of -2.56 and a beta of 0.69. EchoStar Co. has a fifty-two week low of $11.71 and a fifty-two week high of $30.08. The company’s 50-day moving average price is $24.57 and its 200 day moving average price is $21.51. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

About EchoStar

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.