28,500 Shares in EchoStar Corporation $SATS Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of EchoStar Corporation (NASDAQ:SATS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,500 shares of the communications equipment provider’s stock, valued at approximately $3,098,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in EchoStar during the 4th quarter worth approximately $28,000. Rosenberg Matthew Hamilton acquired a new stake in EchoStar during the 4th quarter worth approximately $29,000. Tucker Asset Management LLC acquired a new stake in EchoStar during the 4th quarter worth approximately $42,000. BOKF NA increased its position in EchoStar by 300.0% during the 4th quarter. BOKF NA now owns 400 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 300 shares in the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new stake in EchoStar during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 33.62% of the company’s stock.

EchoStar Stock Up 0.3%

Shares of NASDAQ:SATS opened at $116.62 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. EchoStar Corporation has a 52-week low of $14.90 and a 52-week high of $147.25. The company has a 50 day moving average of $125.82 and a two-hundred day moving average of $113.43. The company has a market capitalization of $33.80 billion, a price-to-earnings ratio of -2.33 and a beta of 0.95.

EchoStar (NASDAQ:SATS) last issued its quarterly earnings data on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.03). EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business earned ($0.71) EPS. As a group, analysts forecast that EchoStar Corporation will post -3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SATS has been the subject of a number of research analyst reports. Williams Trading set a $155.00 target price on shares of EchoStar in a research report on Monday, May 18th. Zacks Research downgraded shares of EchoStar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. New Street Research began coverage on shares of EchoStar in a research report on Wednesday, May 13th. They issued a “buy” rating and a $161.00 price objective for the company. TD Cowen increased their price objective on shares of EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of EchoStar from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.14.

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.