EchoStar (NASDAQ:SATS) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

EchoStar Co. (NASDAQ:SATS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.58 and traded as high as $27.02. EchoStar shares last traded at $27.00, with a volume of 2,312,934 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. TD Cowen lowered their price objective on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. StockNews.com raised shares of EchoStar to a “sell” rating in a research note on Saturday, November 9th. UBS Group upped their target price on shares of EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Raymond James lowered EchoStar from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 1st. Finally, Morgan Stanley initiated coverage on EchoStar in a research report on Monday, December 16th. They set an “equal weight” rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.75.

EchoStar Stock Down 0.8 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The company has a market cap of $7.48 billion, a price-to-earnings ratio of -3.00 and a beta of 0.70. The business has a 50-day simple moving average of $23.70 and a 200-day simple moving average of $22.64.

Insiders Place Their Bets

In other EchoStar news, Chairman Charles W. Ergen acquired 1,551,355 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $28.04 per share, with a total value of $43,499,994.20. Following the acquisition, the chairman now owns 1,551,355 shares of the company’s stock, valued at $43,499,994.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 55.90% of the company’s stock.

Institutional Trading of EchoStar

Several large investors have recently modified their holdings of SATS. Captrust Financial Advisors grew its position in shares of EchoStar by 3.7% in the third quarter. Captrust Financial Advisors now owns 21,589 shares of the communications equipment provider’s stock valued at $536,000 after purchasing an additional 772 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 789 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of EchoStar by 7.3% during the 4th quarter. Inspire Investing LLC now owns 17,599 shares of the communications equipment provider’s stock worth $403,000 after buying an additional 1,198 shares during the last quarter. Natixis Advisors LLC raised its position in shares of EchoStar by 9.8% in the 3rd quarter. Natixis Advisors LLC now owns 21,790 shares of the communications equipment provider’s stock worth $541,000 after buying an additional 1,942 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in EchoStar by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 69,602 shares of the communications equipment provider’s stock worth $1,240,000 after acquiring an additional 2,176 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors and hedge funds.

EchoStar Company Profile

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.