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 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 13 (+5) [Q3]
41% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 34
33% more capital invested
Capital invested by funds: $2.1B [Q2] → $2.79B (+$695M) [Q3]
6% more funds holding
Funds holding: 254 [Q2] → 268 (+14) [Q3]
3.87% less ownership
Funds ownership: 84.08% [Q2] → 80.22% (-3.87%) [Q3]
21% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 89
21% less call options, than puts
Call options by funds: $179M | Put options by funds: $227M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
TD Cowen Gregory Williams 53% 1-year accuracy 8 / 15 met price target | 32%upside $30 | Buy Maintained | 13 Nov 2024 |
Financial journalist opinion
Based on 7 articles about SATS published over the past 30 days
