Echostar (SATS) Reaches New 1-Year High and Low at $51.33

Echostar Holding Corp (NASDAQ:SATS) reached a new 52-week high and low during mid-day trading on Friday . The company traded as low as $51.33 and last traded at $52.44, with a volume of 104714 shares trading hands. The stock had previously closed at $51.79.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Echostar from a “buy” rating to a “sell” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of Echostar from a “hold” rating to a “sell” rating in a report on Tuesday, April 17th. TheStreet upgraded shares of Echostar from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, Citigroup boosted their price target on shares of Echostar from $71.00 to $76.00 and gave the company a “buy” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.00.

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The company has a current ratio of 8.98, a quick ratio of 8.78 and a debt-to-equity ratio of 0.86. The firm has a market cap of $4,995.77, a PE ratio of 61.33, a P/E/G ratio of 13.45 and a beta of 0.82.

Echostar (NASDAQ:SATS) last released its quarterly earnings results on Thursday, February 22nd. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). Echostar had a net margin of 20.82% and a return on equity of 2.06%. The firm had revenue of $506.05 million for the quarter, compared to analyst estimates of $508.33 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. equities research analysts forecast that Echostar Holding Corp will post 0.77 earnings per share for the current fiscal year.

In other Echostar news, CFO David Rayner sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $58.76, for a total value of $235,040.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tom A. Ortolf sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $59.71, for a total transaction of $298,550.00. The disclosure for this sale can be found here. Insiders have sold 13,073 shares of company stock worth $776,626 in the last 90 days. 73.54% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Echostar by 124.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,192 shares of the communications equipment provider’s stock valued at $191,000 after buying an additional 1,772 shares during the period. State of Alaska Department of Revenue acquired a new position in Echostar in the 4th quarter valued at approximately $197,000. CIBC Asset Management Inc acquired a new position in Echostar in the 4th quarter valued at approximately $200,000. Suntrust Banks Inc. acquired a new position in Echostar in the 4th quarter valued at approximately $246,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Echostar in the 4th quarter valued at approximately $306,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Echostar Company Profile

EchoStar Corporation provides satellite service operations and video delivery solutions worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.