Numina Capital Management LLC Trimmed Its Echostar Corp (SATS) Stake by $6.30 Million

May 18, 2018 - By Migdalia James

EchoStar Corporation (NASDAQ:SATS) LogoInvestors sentiment increased to 1.62 in Q4 2017. Its up 0.52, from 1.1 in 2017Q3. It is positive, as 13 investors sold SATS 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. Voya Invest Management Ltd Limited Liability Company reported 12,709 shares stake. Millennium Ltd Liability Co owns 329,251 shares. Maryland-based Price T Rowe Assocs Md has invested 0% in EchoStar Corporation (NASDAQ:SATS). Renaissance Tech Limited Com has invested 0.19% in EchoStar Corporation (NASDAQ:SATS). Jpmorgan Chase & Communications has 0% invested in EchoStar Corporation (NASDAQ:SATS) for 34,411 shares. First Manhattan Com has 1,000 shares. First Personal Svcs holds 36 shares or 0% of its portfolio. Great West Life Assurance Company Can holds 6,822 shares. Envestnet Asset Mngmt reported 0% stake. Deutsche Bankshares Ag has invested 0% in EchoStar Corporation (NASDAQ:SATS). Chesapeake Asset Mgmt Ltd owns 6,678 shares or 0.39% of their US portfolio. Parkside National Bank & Trust &, a Missouri-based fund reported 10 shares. Tci Wealth stated it has 511 shares. Amalgamated Savings Bank holds 0.01% or 9,039 shares. Corsair Mngmt Limited Partnership has invested 0.15% in EchoStar Corporation (NASDAQ:SATS).

Since January 23, 2018, it had 0 buys, and 4 selling transactions for $807,378 activity. On Tuesday, January 23 DUGAN MICHAEL T sold $111,806 worth of EchoStar Corporation (NASDAQ:SATS) or 1,800 shares.

Numina Capital Management Llc decreased its stake in Echostar Corp (SATS) by 52.64% based on its latest 2017Q4 regulatory filing with the SEC. Numina Capital Management Llc sold 106,704 shares as the company’s stock declined 10.02% with the market. The institutional investor held 96,001 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $5.75M, down from 202,705 at the end of the previous reported quarter. Numina Capital Management Llc who had been investing in Echostar Corp for a number of months, seems to be less bullish one the $4.88B market cap company. The stock decreased 0.29% or $0.15 during the last trading session, reaching $50.8. About 21,241 shares traded. EchoStar Corporation (NASDAQ:SATS) has declined 2.91% since May 18, 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 $18.26 million for 66.84 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.

More news for EchoStar Corporation (NASDAQ:SATS) were recently published by: Seekingalpha.com, which released: “EchoStar’s (SATS) CEO Michael Dugan on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: AMC, Alkermes, Echostar, Kohls, L Brands, US Bancorp, Sarepta …” and published on May 11, 2018 is yet another important article.

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. The stock of EchoStar Corporation (NASDAQ:SATS) has “Strong Buy” rating given on Friday, May 11 by Raymond James. The firm earned “Buy” rating on Monday, February 26 by Citigroup. The stock of EchoStar Corporation (NASDAQ:SATS) has “Hold” rating given on Friday, December 1 by Jefferies.

EchoStar Corporation (NASDAQ:SATS) Institutional Positions Chart

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