Mutual of America Capital Management LLC Has $451,000 Holdings in EchoStar Co. (NASDAQ:SATS)

Mutual of America Capital Management LLC decreased its position in EchoStar Co. (NASDAQ:SATS) by 8.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 18,152 shares of the communications equipment provider’s stock after selling 1,662 shares during the period. Mutual of America Capital Management LLC’s holdings in EchoStar were worth $451,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in EchoStar by 238.7% during the first quarter. Vanguard Group Inc. now owns 13,707,909 shares of the communications equipment provider’s stock worth $195,338,000 after purchasing an additional 9,661,167 shares during the period. Darsana Capital Partners LP acquired a new position in shares of EchoStar during the 2nd quarter valued at $36,908,000. American Century Companies Inc. grew its holdings in EchoStar by 51.5% in the second quarter. American Century Companies Inc. now owns 2,243,761 shares of the communications equipment provider’s stock worth $39,961,000 after purchasing an additional 762,462 shares during the period. Goldentree Asset Management LP increased its stake in EchoStar by 20.4% in the first quarter. Goldentree Asset Management LP now owns 2,505,475 shares of the communications equipment provider’s stock valued at $35,703,000 after purchasing an additional 424,259 shares in the last quarter. Finally, Monarch Alternative Capital LP raised its holdings in shares of EchoStar by 23.6% during the second quarter. Monarch Alternative Capital LP now owns 1,854,000 shares of the communications equipment provider’s stock valued at $33,020,000 after purchasing an additional 354,000 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SATS shares. Morgan Stanley boosted their price objective on EchoStar from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $12.00 price target on shares of EchoStar in a research report on Monday, August 12th. UBS Group raised their target price on EchoStar from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Raymond James downgraded shares of EchoStar from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 1st. Finally, StockNews.com upgraded shares of EchoStar to a “sell” rating in a report on Saturday, November 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.25.

Insiders Place Their Bets

In other EchoStar news, Chairman Charles W. Ergen purchased 1,551,355 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 1,551,355 shares in the company, valued at approximately $43,499,994.20. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 55.90% of the company’s stock.

EchoStar Trading Up 0.6 %

NASDAQ SATS opened at $25.03 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 market capitalization of $6.80 billion, a price-to-earnings ratio of -2.72 and a beta of 0.70. The business’s fifty day moving average is $24.86 and its 200-day moving average is $21.02. EchoStar Co. has a one year low of $10.18 and a one year high of $30.08.

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.