Echostar

In other Echostar news, CEO Michael T. Dugan sold 100,000 shares of Echostar stock in a transaction that occurred on Thursday, August 15th.

Quantbot Technologies LP purchased a new stake in shares of EchoStar in the 1st quarter worth $129,000.

DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that includes a payment of $1, plus an assumption of debt.

EchoStar’s Dish Network said it named Tom Fochetta senior VP of Dish Media, the company’s ad sales division.

Finally, Principal Financial Group Inc. acquired a new position in EchoStar in the 3rd quarter worth $231,000.

The town agreed to change its name to Dish in November of 2005 as a promotional stunt for the operator of Dish Network, Echostar Communications Group.

EchoStar is continuing to expand into South America, mainly using capacity on a Telesat satellite, a Eutelsat satellite, and Yahsat’s Al Yah 3 satellite.

If OneWeb finds a buyer for its assets, EchoStar is well positioned to resume work on the constellation’s infrastructure, Dugan said.

Dimensional Fund Advisors LP increased its holdings in shares of Echostar by 10.5% in the 4th quarter.

Echostar had a positive return on equity of 0.46% and a negative net margin of 4.09%.

Echostar (NASDAQ:SATS) last issued its earnings results on Thursday, November 8th.

Echostar (NASDAQ:SATS)‘s stock had its “strong-buy” rating reissued by equities research analysts at Raymond James in a research report issued on Wednesday, BenzingaRatingsTable reports.

First Trust Advisors LP raised its position in Echostar by 4.9% in the 1st quarter.

Zacks Investment Research raised Echostar from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, February 12th.

S satellite communications company EchoStar has walked away from an attempt to buy FTSE 250 rival Inmarsat despite previously saying it would continue with its attempts.