Echostar Corp (SATS) Holder Altalis Capital Management LLC Has Lowered Its Holding by $4.11 Million

September 17, 2017 - By reb123z

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.21, from 1.08 in 2016Q3. It turned negative, as 17 investors sold SATS shares while 59 reduced holdings. 18 funds opened positions while 48 raised stakes. 41.14 million shares or 0.26% less from 41.25 million shares in 2016Q3 were reported. Sanctuary Wealth Advisors Lc accumulated 10,913 shares or 0.5% of the stock. Oxford Asset reported 0.38% stake. Bbva Compass Bank & Trust Inc holds 15,366 shares or 0.06% of its portfolio. Amer Interest Gp holds 0% in Echostar Corporation (NASDAQ:SATS) or 1,348 shares. Nationwide Fund, a Pennsylvania-based fund reported 89,863 shares. Peak6 L P, a Illinois-based fund reported 27,892 shares. Stevens Capital Mgmt Lp holds 0.02% of its portfolio in Echostar Corporation (NASDAQ:SATS) for 8,252 shares. Renaissance Techs Limited Liability Company accumulated 0.21% or 2.57 million shares. Deutsche Bancorporation Ag reported 99,338 shares stake. California Employees Retirement has invested 0.01% in Echostar Corporation (NASDAQ:SATS). Paradigm Asset Management Limited Com has invested 0% of its portfolio in Echostar Corporation (NASDAQ:SATS). Acadian Asset Llc has 0% invested in Echostar Corporation (NASDAQ:SATS) for 158 shares. Brown Advisory owns 1.38M shares. Vident Investment Advisory Ltd holds 0.27% or 44,269 shares. Moreover, Jpmorgan Chase has 0% invested in Echostar Corporation (NASDAQ:SATS).

Since May 12, 2017, it had 0 buys, and 10 selling transactions for $3.72 million activity. Another trade for 10,000 shares valued at $607,400 was made by DUGAN MICHAEL T on Wednesday, June 7. 5,000 shares were sold by Federico Anthony M, worth $281,800 on Friday, May 12. KAUL PRADMAN P had sold 5,001 shares worth $298,810. RAYNER DAVID had sold 2,500 shares worth $150,000 on Thursday, June 1.

Adam Fox decreased its stake in Echostar Corp (SATS) by 14.15% based on its latest 2016Q4 regulatory filing with the SEC. Altalis Capital Management Llc sold 80,541 shares as the company’s stock rose 5.28% with the market. The hedge fund run by Adam Fox held 488,719 shares of the radio and television broadcasting and communications equipment company at the end of 2016Q4, valued at $25.12M, down from 569,260 at the end of the previous reported quarter. Altalis Capital Management Llc who had been investing in Echostar Corp for a number of months, seems to be less bullish one the $5.51 billion market cap company. The stock increased 1.09% or $0.62 on September 15, reaching $57.57. About 201,446 shares traded or 50.27% up from the average. Echostar Corporation (NASDAQ:SATS) has risen 47.96% since September 17, 2016 and is uptrending. It has outperformed by 31.26% the S&P500.

Analysts await Echostar Corporation (NASDAQ:SATS) to report earnings on November, 14. They expect $-0.01 earnings per share, down 102.56 % or $0.40 from last year’s $0.39 per share. After $0.07 actual earnings per share reported by Echostar Corporation for the previous quarter, Wall Street now forecasts -114.29 % negative EPS growth.

More recent Echostar Corporation (NASDAQ:SATS) news were published by: Prnewswire.com which released: “EchoStar III Satellite Recovered and Retired” on September 06, 2017. Also Prnewswire.com published the news titled: “In-orbit Testing of the EchoStar XXI Satellite Successfully Completed” on August 29, 2017. Prnewswire.com‘s news article titled: “EchoStar Mobile and Thales Emphasize Importance of Communications Connectivity …” with publication date: September 14, 2017 was also an interesting one.

Echostar Corporation (NASDAQ:SATS) Ratings Coverage

Among 2 analysts covering Echostar (NASDAQ:SATS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Echostar has $65 highest and $62 lowest target. $63.50’s average target is 10.30% above currents $57.57 stock price. Echostar had 3 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Echostar Corporation (NASDAQ:SATS) has “Strong Sell” rating given on Wednesday, August 12 by Zacks. Citigroup maintained Echostar Corporation (NASDAQ:SATS) on Wednesday, August 17 with “Buy” rating.

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