Quaker Capital Investments Llc increased its stake in Echostar Corp (SATS) by 37.67% based on its latest 2016Q3 regulatory filing with the SEC. Quaker Capital Investments Llc bought 89,043 shares as the company’s stock rose 10.43% with the market. The institutional investor held 325,411 shares of the radio and television broadcasting and communications equipment company at the end of 2016Q3, valued at $14.26M, up from 236,368 at the end of the previous reported quarter. Quaker Capital Investments Llc who had been investing in Echostar Corp for a number of months, seems to be bullish on the $4.96B market cap company. The stock is up 1.12% or $0.58 after the positive news, hitting $52.1 per share. About 67,604 shares traded hands. Echostar Corporation (NASDAQ:SATS) has risen 25.38% since June 7, 2016 and is uptrending. It has outperformed by 17.96% the S&P500.
Quaker Capital Investments Llc, which manages about $281.44 million US Long portfolio, decreased its stake in Chemtura Corp (NYSE:CHMT) by 118,408 shares to 373,840 shares, valued at $12.27 million in 2016Q3, according to the filing.
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q3 2016. Its down 0.50, from 1.58 in 2016Q2. The ratio fall, as 18 funds sold all SATS shares owned while 57 reduced positions. 23 funds bought stakes while 58 increased positions. They now own 41.25 million shares or 0.13% more from 41.20 million shares in 2016Q2. Aperio Gru Limited accumulated 12,350 shares or 0% of the stock. Oxford Asset Mngmt accumulated 172,999 shares or 0.3% of the stock. Blackrock, a New York-based fund reported 18,074 shares. Tradewinds Mngmt Ltd, a Washington-based fund reported 160 shares. Voya Inv Limited Liability Company has invested 0% of its portfolio in Echostar Corporation (NASDAQ:SATS). Blackrock Advisors Ltd Liability Company accumulated 0% or 26,212 shares. Whittier Tru owns 29 shares or 0% of their US portfolio. State Common Retirement Fund holds 0.01% of its portfolio in Echostar Corporation (NASDAQ:SATS) for 108,900 shares. Northern Tru has 0.01% invested in the company for 366,316 shares. Harvest Strategies Limited Liability holds 3.99% or 626,000 shares in its portfolio. Horizon Kinetics Limited Liability, a New York-based fund reported 950,583 shares. First Manhattan Comm has invested 0% of its portfolio in Echostar Corporation (NASDAQ:SATS). Carroll Finance Associates owns 22 shares or 0% of their US portfolio. Sanctuary Wealth Lc holds 0.63% of its portfolio in Echostar Corporation (NASDAQ:SATS) for 10,610 shares. Moreover, Qs Invsts Lc has 0% invested in Echostar Corporation (NASDAQ:SATS) for 12 shares.
Insider Transactions: Since November 11, 2016, the stock had 0 insider purchases, and 4 selling transactions for $6.35 million net activity. Another trade for 69,202 shares valued at $3.46M was made by Kilaru Kranti on Thursday, November 17. 5,000 shares with value of $250,050 were sold by RAYNER DAVID on Friday, November 11.
More recent Echostar Corporation (NASDAQ:SATS) news were published by: Prnewswire.com which released: “EchoStar Corporation Announces Conference Call For Third Quarter 2016 …” on October 03, 2016. Also Equitiesfocus.com published the news titled: “EchoStar Corporation (NASDAQ:SATS) PEG Ratio At 5.35” on January 11, 2017. Prnewswire.com‘s news article titled: “EchoStar Mobile Selects Bentley Walker as First European-Wide Distributor of …” with publication date: December 14, 2016 was also an interesting one.
According to Zacks Investment Research, “ECHOSTAR CORP is a publicly traded company. They intend to operate two primary businesses, a digital set-top box business and a fixed satellite services business. Their set-top box business designs, develops and distributes set-top boxes and related products for direct-to-home satellite service providers.”
SATS Company Profile
EchoStar Corporation, incorporated on October 12, 2007, is a holding company. The Firm is a well-known provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and Governments. The Firm operates through three divisions: Hughes, EchoStar Technologies (ETC) and EchoStar Satellite Services (ESS). The Company’s activities also include real estate and other activities. The Company’s satellite fleet consists of both owned and leased satellites, which include SPACEWAY 3(1), EchoStar XVII, EchoStar I(2)(3)(4), EchoStar III(4), EchoStar VI(4), EchoStar VII(2)(3), EchoStar VIII(2), EchoStar IX(2), EchoStar X (2)(3), EchoStar XI (2)(3), Nimiq 5(2), QuetzSat-1(2), AMC-15 and AMC-16 (7), among others.
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