What’s EchoStar Corporation (SATS) Downside After Reaching 52-Week Low?

May 16, 2018 - By Mary Hughes

EchoStar Corporation (NASDAQ:SATS) Logo

Investors sentiment increased to 1.62 in Q4 2017. Its up 0.52, from 1.1 in 2017Q3. It increased, as 13 investors sold EchoStar Corporation shares while 47 reduced holdings. 34 funds opened positions while 63 raised stakes. 42.07 million shares or 0.77% less from 42.39 million shares in 2017Q3 were reported.
Lenox Wealth Advsr Inc holds 0% or 35 shares in its portfolio. Arrowstreet Partnership stated it has 43,866 shares or 0.01% of all its holdings. Vident Inv Advisory Limited Liability Corp owns 0.08% invested in EchoStar Corporation (NASDAQ:SATS) for 30,734 shares. Glenhill Ltd Liability Corporation accumulated 1.41M shares. Bnp Paribas Arbitrage reported 0% of its portfolio in EchoStar Corporation (NASDAQ:SATS). New York-based Md Sass Invsts Svcs has invested 1.2% in EchoStar Corporation (NASDAQ:SATS). Earnest Ptnrs Ltd Liability Corp owns 0.2% invested in EchoStar Corporation (NASDAQ:SATS) for 344,521 shares. Fmr Ltd invested in 0% or 34,940 shares. First Quadrant Limited Partnership Ca invested in 0.01% or 5,322 shares. Clinton Inc invested 0.11% of its portfolio in EchoStar Corporation (NASDAQ:SATS). Fny Managed Accounts Limited Liability Company owns 0.03% invested in EchoStar Corporation (NASDAQ:SATS) for 501 shares. Lazard Asset Mngmt Limited Com invested in 0% or 20,123 shares. New Jersey Better Educational Savings Trust owns 5,000 shares or 0.3% of their US portfolio. Nordea Invest Management invested 0.01% of its portfolio in EchoStar Corporation (NASDAQ:SATS). Sanctuary Wealth Advisors invested in 10,913 shares.

Since January 23, 2018, it had 0 insider purchases, and 4 selling transactions for $807,378 activity. $217,496 worth of EchoStar Corporation (NASDAQ:SATS) shares were sold by DUGAN MICHAEL T.

The stock of EchoStar Corporation (NASDAQ:SATS) hit a new 52-week low and has $49.36 target or 3.00 % below today’s $50.89 share price. The 8 months bearish chart indicates high risk for the $4.89 billion company. The 1-year low was reported on May, 16 by Barchart.com. If the $49.36 price target is reached, the company will be worth $146.70 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.35% or $0.18 during the last trading session, reaching $50.89. About 154,965 shares traded. EchoStar Corporation (NASDAQ:SATS) has declined 2.91% since May 16, 2017 and is downtrending. It has underperformed by 14.46% the S&P500.

Analysts await EchoStar Corporation (NASDAQ:SATS) to report earnings on August, 8. They expect $0.19 earnings per share, up 171.43 % or $0.12 from last year’s $0.07 per share. SATS’s profit will be $18.26M for 66.96 P/E if the $0.19 EPS becomes a reality. After $0.16 actual earnings per share reported by EchoStar Corporation for the previous quarter, Wall Street now forecasts 18.75 % EPS growth.

EchoStar Corporation (NASDAQ:SATS) Ratings Coverage

Among 3 analysts covering Echostar Corp (NASDAQ:SATS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Echostar Corp had 3 analyst reports since December 1, 2017 according to SRatingsIntel. On Monday, February 26 the stock rating was maintained by Citigroup with “Buy”. On Friday, May 11 the stock rating was upgraded by Raymond James to “Strong Buy”. Jefferies maintained the stock with “Hold” rating in Friday, December 1 report.

More recent EchoStar Corporation (NASDAQ:SATS) news were published by: Seekingalpha.com which released: “EchoStar’s (SATS) CEO Michael Dugan on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Also Globenewswire.com published the news titled: “Market Trends Toward New Normal in Sonic, MDU Resources Group, National Beverage, Spire, EchoStar, and Tabula …” on April 24, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: AMC, Alkermes, Echostar, Kohls, L Brands, US Bancorp, Sarepta …” with publication date: May 11, 2018 was also an interesting one.

EchoStar Corporation provides satellite service activities and video delivery solutions worldwide. The company has market cap of $4.89 billion. It operates in two divisions, Hughes and EchoStar Satellite Services. It has a 12.51 P/E ratio. The Hughes divisions offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.

EchoStar Corporation (NASDAQ:SATS) Institutional Positions Chart

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