Teachers Advisors LLC Buys 5,059 Shares of Echostar Co. (SATS)


Teachers Advisors LLC grew its stake in shares of Echostar Co. (NASDAQ:SATS) by 9.2% in the fourth quarter, Holdings Channel reports. The fund owned 59,929 shares of the communications equipment provider’s stock after buying an additional 5,059 shares during the quarter. Teachers Advisors LLC’s holdings in Echostar were worth $3,590,000 at the end of the most recent reporting period.


Several other large investors also recently made changes to their positions in SATS. SG Americas Securities LLC acquired a new stake in Echostar during the 3rd quarter valued at $145,000. The Manufacturers Life Insurance Company raised its stake in Echostar by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,909 shares of the communications equipment provider’s stock valued at $177,000 after purchasing an additional 207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Echostar by 124.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,192 shares of the communications equipment provider’s stock valued at $191,000 after purchasing an additional 1,772 shares during the period. State of Alaska Department of Revenue acquired a new stake in Echostar during the 4th quarter valued at $197,000. Finally, CIBC Asset Management Inc acquired a new stake in Echostar during the 4th quarter valued at $200,000. Institutional investors own 45.87% of the company’s stock.


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NASDAQ SATS opened at $54.90 on Friday. Echostar Co. has a 1-year low of $51.70 and a 1-year high of $62.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.78 and a current ratio of 8.98. The firm has a market capitalization of $5,269.86, a PE ratio of 65.36, a P/E/G ratio of 14.19 and a beta of 0.82.


Echostar (NASDAQ:SATS) last posted its quarterly earnings results on Thursday, February 22nd. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). Echostar had a return on equity of 2.06% and a net margin of 20.82%. The company had revenue of $506.05 million during the quarter, compared to analyst estimates of $508.33 million. During the same period last year, the company posted $0.40 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. sell-side analysts predict that Echostar Co. will post 0.77 EPS for the current year.


SATS has been the topic of several recent analyst reports. BidaskClub raised shares of Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Zacks Investment Research downgraded shares of Echostar from a “buy” rating to a “sell” rating in a research note on Wednesday, February 28th. Citigroup upped their price target on shares of Echostar from $71.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, TheStreet raised shares of Echostar from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.00.


In other news, CFO David Rayner sold 4,000 shares of the company’s stock in a transaction 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Tom A. Ortolf sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was 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 sold 18,381 shares of company stock worth $1,105,920 over the last ninety days. 73.54% of the stock is currently owned by company insiders.


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Echostar Company Profile

EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.

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