EchoStarSATS
About: Satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million US 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 has agreed to sell this business to television rival DirecTV. The firm's focus is now on the wireless market. EchoStar has amassed an extensive portfolio of spectrum licenses 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 Q2 SEC filings by fund managers ($100M+ AUM)
26% more capital invested
Capital invested by funds: $1.64B [Q1] → $2.07B (+$430M) [Q2]
14% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]
0.82% more ownership
Funds ownership: 82.05% [Q1] → 82.87% (+0.82%) [Q2]
3% less funds holding
Funds holding: 259 [Q1] → 252 (-7) [Q2]
17% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 41
31% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 90
62% less call options, than puts
Call options by funds: $66.6M | Put options by funds: $176M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Morgan Stanley Benjamin Swinburne 63% 1-year accuracy 10 / 16 met price target | 22%downside $20 | Equal-Weight Maintained | 13 Sept 2024 |
UBS John Hodulik 80% 1-year accuracy 8 / 10 met price target | 41%downside $15 | Neutral Maintained | 13 Aug 2024 |
TD Cowen Gregory Williams 82% 1-year accuracy 9 / 11 met price target | 45%upside $37 | Buy Maintained | 12 Aug 2024 |
JP Morgan Philip Cusick 58% 1-year accuracy 7 / 12 met price target | 53%downside $12 | Underweight Downgraded | 12 Aug 2024 |
Financial journalist opinion
Based on 36 articles about SATS published over the past 30 days