Echostar Co. (NASDAQ:SATS) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,835,400 shares, an increase of 9.7% from the June 15th total of 1,673,600 shares. Based on an average daily trading volume, of 405,600 shares, the short-interest ratio is presently 4.5 days. Currently, 3.9% of the company’s shares are sold short.

A number of equities analysts have issued reports on the company. Raymond James set a C$0.50 target price on Obsidian Energy and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. BidaskClub cut Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Daiwa Capital Markets cut Baidu from a “buy” rating to a “neutral” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.00.

In other Echostar news, CEO Michael T. Dugan sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $42.89, for a total transaction of $2,144,500.00. Following the transaction, the chief executive officer now owns 75,146 shares in the company, valued at $3,223,011.94. The sale was disclosed in a document filed with the SEC, which is available through this link. 51.60% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Echostar by 1.4% in the 4th quarter. BlackRock Inc. now owns 2,211,740 shares of the communications equipment provider’s stock valued at $81,215,000 after buying an additional 29,855 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Echostar by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,636 shares of the communications equipment provider’s stock valued at $53,157,000 after buying an additional 137,693 shares during the last quarter. First Trust Advisors LP raised its position in Echostar by 4.9% in the 1st quarter. First Trust Advisors LP now owns 964,768 shares of the communications equipment provider’s stock valued at $35,166,000 after buying an additional 45,077 shares during the last quarter. Millennium Management LLC raised its position in Echostar by 25.3% in the 4th quarter. Millennium Management LLC now owns 828,151 shares of the communications equipment provider’s stock valued at $30,410,000 after buying an additional 167,267 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in Echostar by 3.8% in the 1st quarter. Gabelli Funds LLC now owns 777,533 shares of the communications equipment provider’s stock valued at $28,341,000 after buying an additional 28,500 shares during the last quarter. Institutional investors and hedge funds own 47.47% of the company’s stock.

Shares of NASDAQ:SATS traded up $0.61 during trading on Friday, hitting $46.08. 185,105 shares of the company’s stock traded hands, compared to its average volume of 381,691. Echostar has a 52 week low of $33.58 and a 52 week high of $49.93. The company has a current ratio of 2.73, a quick ratio of 2.68 and a debt-to-equity ratio of 0.64. The firm has a market cap of $4.41 billion, a P/E ratio of 121.26 and a beta of 0.76. The firm has a 50-day simple moving average of $44.30.

Echostar (NASDAQ:SATS) last released its quarterly earnings data on Wednesday, May 8th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.05. Echostar had a positive return on equity of 0.87% and a negative net margin of 0.20%. The business had revenue of $531.08 million for the quarter, compared to analysts’ expectations of $529.55 million. During the same quarter in the previous year, the business posted ($0.22) EPS. Echostar’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts forecast that Echostar will post 0.96 EPS for the current year.

About Echostar

EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services for home and small office customers, satellite operations, and satellite services worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments 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.

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