Thompson Siegel & Walmsley LLC Has $23.14 Million Stock Holdings in EchoStar Co. (NASDAQ:SATS)

Thompson Siegel & Walmsley LLC lowered its stake in EchoStar Co. (NASDAQ:SATS) by 22.8% during the third quarter, HoldingsChannel.com reports. The firm owned 932,115 shares of the communications equipment provider’s stock after selling 274,549 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in EchoStar were worth $23,135,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SATS. GAMMA Investing LLC raised its stake in EchoStar by 125.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,442 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 802 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of EchoStar by 694.8% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 1,466 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of 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 purchasing an additional 2,315 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in EchoStar during the 2nd quarter worth approximately $89,000. Finally, SG Americas Securities LLC bought a new position in EchoStar in the third quarter valued at approximately $165,000. 33.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of EchoStar to a “sell” rating in a report on Saturday, November 9th. UBS Group boosted their price target on EchoStar from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. TD Cowen decreased their price objective on EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $12.00 target price on shares of EchoStar in a research note on Monday, August 12th. Finally, Raymond James downgraded EchoStar from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Two equities research 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’s stock. According to data from MarketBeat, EchoStar presently has an average rating of “Hold” and an average target price of $19.25.

EchoStar Stock Down 3.3 %

Shares of NASDAQ SATS opened at $23.43 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a 50 day moving average price of $24.92 and a 200 day moving average price of $20.77. EchoStar Co. has a 52 week low of $10.18 and a 52 week high of $30.08.

Insider Activity

In other news, Chairman Charles W. Ergen bought 1,551,355 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were bought at an average cost 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 in the company, valued at $43,499,994.20. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 55.90% of the stock is currently owned by insiders.

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.