Connective Portfolio Management LLC Makes New Investment in EchoStar Corporation $SATS

Connective Portfolio Management LLC purchased a new stake in EchoStar Corporation (NASDAQ:SATS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the communications equipment provider’s stock, valued at approximately $736,000. EchoStar makes up 1.3% of Connective Portfolio Management LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other hedge funds have also recently modified their holdings of the business. Darsana Capital Partners LP increased its holdings in EchoStar by 15.5% during the second quarter. Darsana Capital Partners LP now owns 8,960,000 shares of the communications equipment provider’s stock valued at $248,192,000 after buying an additional 1,201,672 shares during the period. Geode Capital Management LLC boosted its position in EchoStar by 11.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,449,193 shares of the communications equipment provider’s stock valued at $95,553,000 after acquiring an additional 355,009 shares in the last quarter. Northern Trust Corp increased its holdings in shares of EchoStar by 25.3% in the 1st quarter. Northern Trust Corp now owns 1,699,986 shares of the communications equipment provider’s stock valued at $43,486,000 after acquiring an additional 343,590 shares during the period. Bank of New York Mellon Corp raised its position in shares of EchoStar by 32.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,268,572 shares of the communications equipment provider’s stock worth $35,139,000 after acquiring an additional 313,314 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of EchoStar by 30.1% during the 2nd quarter. Invesco Ltd. now owns 913,292 shares of the communications equipment provider’s stock worth $25,298,000 after purchasing an additional 211,421 shares during the last quarter. Hedge funds and other institutional investors own 33.62% of the company’s stock.

EchoStar Stock Down 1.9%

SATS stock opened at $106.76 on Wednesday. The firm has a 50 day moving average of $79.58 and a 200 day moving average of $57.03. The stock has a market capitalization of $30.73 billion, a PE ratio of -2.38 and a beta of 1.03. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.11. EchoStar Corporation has a 52 week low of $14.90 and a 52 week high of $111.39.

EchoStar (NASDAQ:SATS) last issued its quarterly earnings results on Thursday, November 6th. The communications equipment provider reported ($44.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.23) by ($43.14). The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.75 billion. EchoStar had a negative net margin of 85.36% and a positive return on equity of 0.39%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.52) EPS. Sell-side analysts forecast that EchoStar Corporation will post -1.99 earnings per share for the current year.

Insiders Place Their Bets

In other EchoStar news, COO John Swieringa sold 22,000 shares of EchoStar stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $67.34, for a total transaction of $1,481,480.00. Following the completion of the sale, the chief operating officer owned 283,509 shares of the company’s stock, valued at approximately $19,091,496.06. The trade was a 7.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hamid Akhavan sold 285,832 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $105.33, for a total value of $30,106,684.56. Following the sale, the chief executive officer owned 376,805 shares in the company, valued at approximately $39,688,870.65. The trade was a 43.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 55.70% of the company’s stock.

Key EchoStar News

Here are the key news stories impacting EchoStar this week:

• Positive Sentiment: Citi raised its price target to $111 (from $87), signaling stronger analyst conviction that gives the stock near‑term support and a higher valuation anchor. EchoStar price target raised to $111 from $87 at Citi
• Positive Sentiment: Speculation about a SpaceX IPO is boosting SATS because EchoStar owns SpaceX shares — any large valuation for SpaceX would materially lift EchoStar’s asset value and could trigger re-rating or monetization options. Why SpaceX IPO Talk Has Sent EchoStar Stock Into Orbit
• Positive Sentiment: Hughes (EchoStar’s unit) unveiled rugged LEO terminals for OneWeb, expanding enterprise and mission‑critical addressable markets — a concrete product/contract catalyst for future revenue growth. SATS Arm Unveils Rugged LEO Terminals for Mission-Critical Connectivity
• Positive Sentiment: Sector research highlights continued upside for satellite/LEO players through 2026 as connectivity demand expands — a macro tailwind that benefits EchoStar’s product and service lines. 3 Satellite Stocks Positioned to Gain From 2026 Connectivity Growth
• Neutral Sentiment: Valuation debate: a recent take asks whether the 2024 surge already priced in the good news — raises caution about upside from current levels and suggests investors reassess fundamentals vs. hype. EchoStar (SATS): Has the 2024 Surge Pushed the Stock Beyond Its Fair Value?
• Neutral Sentiment: Unusual options activity has been reported, indicating elevated speculative positioning — this increases volatility risk but does not by itself signal directional conviction. EchoStar Unusual Options Activity
• Negative Sentiment: High‑profile bearish commentary from Jim Cramer (“I think the play is over”) is prompting short‑term selling pressure and could dent momentum among retail investors. Jim Cramer on EchoStar: “I Think the Play Is Over”
• Negative Sentiment: Short/negative writeups echoing sell calls add downside pressure and could attract short sellers or force selling into weakness. Jim Cramer Bears Down On EchoStar (SATS)

Analysts Set New Price Targets

SATS has been the topic of several analyst reports. Citigroup lifted their target price on EchoStar from $87.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday. Zacks Research cut shares of EchoStar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EchoStar in a research note on Wednesday, October 8th. Morgan Stanley raised shares of EchoStar from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $82.00 to $110.00 in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of EchoStar from $97.00 to $131.00 and gave the stock a “buy” rating in a report on Friday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, EchoStar has an average rating of “Hold” and a consensus price target of $108.80.

About EchoStar

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.