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Echostar Corp (NASDAQ:SATS) Institutional Investor Sentiment Trend

11 June 2018

BNP Paribas Arbitrage SA raised its stake in Echostar by 267,100.0% in the 1st quarter. It dropped, as 15 investors sold EchoStar Corporation shares while 61 reduced holdings. State of New Jersey Common Pension Fund D increased its stake in Echostar by 2.3% during the 1st quarter. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in EchoStar Corporation (NASDAQ:SATS) for 2,672 shares. The number of shares now owned by investors are 95.66 mln. A stock slump at the London-based company has put it at the top of analysts' lists of potential targets for consolidation in the satellite industry, which is becoming increasingly crowded with a rising number of rigs going up to support new services such as in-flight Wi-Fi and transmission of digital photos. The communications equipment provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.05 by $0.11. The insider RAYNER DAVID sold 4,000 shares worth $235,040. Kensico Cap Mngmt Corp accumulated 722,800 shares or 0.68% of the stock. Hbk Invs Ltd Partnership owns 22,461 shares or 0.01% of their USA portfolio. Hsbc Public Limited invested 0% of its portfolio in EchoStar Corporation (NASDAQ:SATS). Thompson Siegel And Walmsley Llc reported 454,748 shares stake. Earnest Prtnrs Limited Liability Co owns 341,209 shares. Putnam Invests Ltd Com reported 11.98 million shares. The price index of EchoStar Corporation (NasdaqGS:SATS) for last month was 0.92627. Pnc Fincl Grp accumulated 1,410 shares.

Since January 23, 2018, it had 0 insider purchases, and 4 insider sales for $807,378 activity. Finally, Mackay Shields LLC bought a new position in Echostar during the first quarter valued at $3,738,000.

The stock of Echostar Corporation (NASDAQ:SATS) registered a decrease of 26.62% in short interest. SATS's total short interest was 981,500 shares in June as published by FINRA. With 220,100 shares average volume, it will take short sellers 5 days to cover their SATS's short positions. The short interest to Echostar Corporation's float is 2.08%. About 91,405 shares traded. EchoStar Corporation (NASDAQ:SATS) has declined 18.76% since June 7, 2017 and is downtrending. It has underperformed by 31.33% the S&P500.

EchoStar Corporation provides satellite service operations and video delivery solutions worldwide. The company has market cap of $4.53 billion.

British satellite firm Inmarsat on Friday rejected a takeover approach from USA firm EchoStar, saying it significantly undervalued the company. It has a 11.6 P/E ratio. 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. Zacks Investment Research raised Echostar from a "hold" rating to a "buy" rating and set a $67.00 price objective for the company in a report on Tuesday, February 27th. Therefore 100% are positive. EchoStar had 2 analyst reports since February 26, 2018 according to SRatingsIntel. Citigroup boosted their target price on shares of Echostar from $71.00 to $76.00 and gave the company a "buy" rating in a research report on Monday, February 26th. Also Streetinsider.com published the news titled: "Inmarsat Rejects Offer from Echostar (SATS)" on June 08, 2018. Seekingalpha.com's news article titled: "EchoStar's (SATS) CEO Michael Dugan on Q1 2018 Results - Earnings Call Transcript" with publication date: May 10, 2018 was also an interesting one.