EchoStarSATS
Market Cap: 5.52B
About: Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million U.S. customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
Employees: 15,300
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
241% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 27
191% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 43
124% more capital invested
Capital invested by funds: $722M [Q4 2023] → $1.62B (+$895M) [Q1 2024]
75% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2023] → 7 (+3) [Q1 2024]
48% more funds holding
Funds holding: 171 [Q4 2023] → 253 (+82) [Q1 2024]
39.44% less ownership
Funds ownership: 120.37% [Q4 2023] → 80.93% (-39.44%) [Q1 2024]
62% less call options, than puts
Call options by funds: $73M | Put options by funds: $191M
Research analyst outlook
4 Wall Street Analysts provided 1 year price forecasts over the past 6 months
4 analyst ratings
Morgan Stanley Benjamin Swinburne | 31%downside $14 | Equal-Weight Maintained | 3 Apr 2024 |
JP Morgan Philip Cusick | 41%downside $12 | Neutral Maintained | 11 Mar 2024 |
UBS John Hodulik | 31%downside $14 | Neutral Maintained | 5 Mar 2024 |
TD Cowen Gregory Williams | 87%upside $38 | Outperform Maintained | 4 Mar 2024 |
Financial journalist opinion
Based on 4 articles about SATS published over the past 30 days