What Hedge Funds Think About Echostar Corporation (SATS)

Page 1 of 2

In the 21st century investor’s toolkit, there are a multitude of methods shareholders can use to track stocks. A pair of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top hedge fund managers can beat their index-focused peers by a significant margin (see just how much).

Echostar Corporation (NASDAQ:SATS)

Equally as useful, optimistic insider trading sentiment is a second way to look at the investments you’re interested in. Just as you’d expect, there are many incentives for an upper level exec to downsize shares of his or her company, but just one, very simple reason why they would buy. Many academic studies have demonstrated the valuable potential of this method if shareholders know what to do (learn more here).

What’s more, we’re going to analyze the newest info surrounding Echostar Corporation (NASDAQ:SATS).

Hedge fund activity in Echostar Corporation (NASDAQ:SATS)

In preparation for the third quarter, a total of 28 of the hedge funds we track were bullish in this stock, a change of 12% from the previous quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were increasing their holdings meaningfully.

According to our 13F database, Michael Lowenstein’s Kensico Capital had the biggest position in Echostar Corporation (NASDAQ:SATS), worth close to $80.9 million, accounting for 2.1% of its total 13F portfolio. Coming in second is Glenn Russell Dubin of Highbridge Capital Management, with a $69.9 million position; 0.7% of its 13F portfolio is allocated to the stock. Remaining hedgies with similar optimism include Murray Stahl’s Horizon Asset Management, Michael Doheny’s Freshford Capital Management and Jim Simons’s Renaissance Technologies.

With a general bullishness amongst the titans, specific money managers have been driving this bullishness. Kensico Capital, managed by Michael Lowenstein, established the biggest position in Echostar Corporation (NASDAQ:SATS). Kensico Capital had 80.9 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $69.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Murray Stahl’s Horizon Asset Management, Michael Doheny’s Freshford Capital Management, and Jim Simons’s Renaissance Technologies.

How have insiders been trading Echostar Corporation (NASDAQ:SATS)?

Bullish insider trading is particularly usable when the company in question has seen transactions within the past half-year. Over the latest half-year time period, Echostar Corporation (NASDAQ:SATS) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Echostar Corporation (NASDAQ:SATS). These stocks are Exelis Inc (NYSE:XLS), ViaSat, Inc. (NASDAQ:VSAT), Harris Corporation (NYSE:HRS), Alcatel Lucent SA (ADR) (NYSE:ALU), and JDS Uniphase Corp (NASDAQ:JDSU). This group of stocks are in the communication equipment industry and their market caps match SATS’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!