E. Ohman J or Asset Management AB Invests $502,000 in EchoStar Corporation $SATS

E. Ohman J or Asset Management AB bought a new stake in shares of EchoStar Corporation (NASDAQ:SATS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,620 shares of the communications equipment provider’s stock, valued at approximately $502,000.

Several other large investors have also recently made changes to their positions in the company. DLD Asset Management LP acquired a new stake in EchoStar during the third quarter valued at $2,481,700,000. Icahn Carl C purchased a new position in EchoStar in the third quarter valued at $332,513,000. Contrarius Group Holdings Ltd acquired a new position in shares of EchoStar in the third quarter worth about $98,819,000. Darsana Capital Partners LP boosted its stake in shares of EchoStar by 15.5% during the 2nd quarter. Darsana Capital Partners LP now owns 8,960,000 shares of the communications equipment provider’s stock worth $248,192,000 after acquiring an additional 1,201,672 shares in the last quarter. Finally, Junto Capital Management LP purchased a new stake in shares of EchoStar during the 3rd quarter worth about $55,199,000. 33.62% of the stock is currently owned by institutional investors and hedge funds.

EchoStar News Roundup

Here are the key news stories impacting EchoStar this week:

• Positive Sentiment: Inclusion in the S&P 500 creates structural demand from index funds and ETFs as they rebalance, supporting buying pressure for SATS. S&P 500 Rebalancing: 3 Key AI Stocks Earn Their Spot in the Index (SATS)
• Positive Sentiment: High short interest (reported ~21.5% of float) combined with S&P inclusion raises the possibility of a short squeeze if buying accelerates. Here’s What May Trigger a Short Squeeze for New S&P 500 Member EchoStar
• Positive Sentiment: Widespread reports that SpaceX may file for an IPO have lifted satellite and space-infrastructure names, providing sector tailwinds that helped push SATS higher earlier in the week. SpaceX could soon file for an IPO. Why EchoStar and other space stocks are rising.
• Positive Sentiment: Unusual options activity showed large call buying (over 25k calls), signaling bullish positioning by some traders that can amplify short-term upside. (Options volume reported 3/25)
• Positive Sentiment: Technical strength: shares recently cleared the 50-day moving average amid the SpaceX/IPO-driven rally, which some momentum traders view as a buy signal. EchoStar Stock Just Broke Above Its 50-Day Moving Average on SpaceX IPO Hype.
• Neutral Sentiment: Analyst/estimate momentum: recent coverage noted a large one-day gain and some upward earnings-estimate revisions, which could sustain strength but are not a guarantee. EchoStar (SATS) Moves 7.4% Higher: Will This Strength Last?
• Negative Sentiment: Some analysts and commentary warn the SpaceX-related upside may be largely priced in already, reducing the scope for further immediate gains and increasing the risk of profit-taking. EchoStar: The SpaceX Deal May Already Be Priced In

Analyst Upgrades and Downgrades

SATS has been the subject of several recent analyst reports. UBS Group lifted their price target on EchoStar from $125.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Zacks Research downgraded EchoStar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Citigroup raised their price objective on EchoStar from $111.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of EchoStar in a research report on Wednesday, January 21st. Finally, Williams Trading set a $158.00 target price on EchoStar in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.17.

EchoStar Price Performance

Shares of NASDAQ SATS opened at $111.40 on Friday. The firm has a 50-day simple moving average of $114.00 and a 200-day simple moving average of $94.87. The company has a quick ratio of 0.38, a current ratio of 0.42 and a debt-to-equity ratio of 3.21. The stock has a market capitalization of $32.18 billion, a price-to-earnings ratio of -2.21 and a beta of 1.01. EchoStar Corporation has a 52 week low of $14.90 and a 52 week high of $132.25.

Insider Activity

In other news, COO John Swieringa sold 50,088 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $113.58, for a total transaction of $5,688,995.04. Following the transaction, the chief operating officer directly owned 253,535 shares in the company, valued at $28,796,505.30. The trade was a 16.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Hamid Akhavan sold 71,005 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $107.52, for a total value of $7,634,457.60. Following the completion of the sale, the chief executive officer owned 823,293 shares of the company’s stock, valued at $88,520,463.36. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 55.90% of the stock is currently owned by corporate insiders.

EchoStar Company Profile

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.