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
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

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!