$0.05 EPS Expected for EchoStar (SATS); Quinn Opportunity Partners Raised Bed Bath & Beyond (BBBY) Stake

April 23, 2018 - By Marguerite Chambers

EchoStar Corporation (NASDAQ:SATS) Logo

Quinn Opportunity Partners Llc increased Bed Bath & Beyond Inc (BBBY) stake by 14.98% reported in 2017Q4 SEC filing. Quinn Opportunity Partners Llc acquired 27,883 shares as Bed Bath & Beyond Inc (BBBY)’s stock declined 9.72%. The Quinn Opportunity Partners Llc holds 214,000 shares with $4.71M value, up from 186,117 last quarter. Bed Bath & Beyond Inc now has $2.48B valuation. The stock increased 1.46% or $0.25 during the last trading session, reaching $17.39. About 1.96M shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 47.16% since April 23, 2017 and is downtrending. It has underperformed by 58.71% the S&P500.

Analysts expect EchoStar Corporation (NASDAQ:SATS) to report $0.05 EPS on May, 9.They anticipate $0.29 EPS change or 85.29% from last quarter’s $0.34 EPS. SATS’s profit would be $4.79M giving it 275.25 P/E if the $0.05 EPS is correct. After having $0.08 EPS previously, EchoStar Corporation’s analysts see -37.50% EPS growth. The stock increased 0.18% or $0.1 during the last trading session, reaching $55.05. About 76,828 shares traded. EchoStar Corporation (NASDAQ:SATS) has declined 2.91% since April 23, 2017 and is downtrending. It has underperformed by 14.46% the S&P500.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.07, from 0.81 in 2017Q3. It is negative, as 71 investors sold BBBY shares while 105 reduced holdings. 56 funds opened positions while 75 raised stakes. 125.01 million shares or 3.64% less from 129.74 million shares in 2017Q3 were reported. Jane Street Ltd accumulated 243,066 shares. Landscape Capital Mgmt Lc stated it has 49,327 shares. Smith Graham And Lp owns 275,350 shares for 0.57% of their portfolio. Endurance Wealth Management holds 0% or 75 shares in its portfolio. Goldman Sachs Gp accumulated 0.01% or 2.09M shares. Moreover, Qs Llc has 0% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Thompson Siegel & Walmsley Ltd accumulated 2.08 million shares. First Trust Advisors Lp owns 440,966 shares. Nuveen Asset Mngmt Limited Com owns 16,500 shares. Rowland & Counsel Adv holds 42,513 shares or 0.37% of its portfolio. Paloma Prtnrs Company reported 54,574 shares. Ontario Teachers Pension Plan Board has invested 0.01% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Louisiana State Employees Retirement Sys holds 36,200 shares or 0.04% of its portfolio. 51,500 are owned by State Treasurer State Of Michigan. Aqr Cap Mgmt Ltd Limited Liability Company reported 2.38 million shares.

Quinn Opportunity Partners Llc decreased Roku Inc stake by 14,700 shares to 30,300 valued at $1.61M in 2017Q4. It also reduced Gannett Co Inc stake by 846,440 shares and now owns 315,943 shares. Office Depot Inc (NASDAQ:ODP) was reduced too.

Among 32 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 10 Sell and 20 Hold. Therefore 6% are positive. Bed Bath & Beyond had 83 analyst reports since September 21, 2015 according to SRatingsIntel. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Market Perform” rating by Telsey Advisory Group on Friday, January 8. The firm earned “Buy” rating on Monday, September 21 by SunTrust. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Market Perform” rating by TelseyAdvisory Group on Friday, September 25. The rating was maintained by Robert W. Baird on Monday, September 18 with “Neutral”. As per Monday, January 18, the company rating was upgraded by Standpoint Research. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Hold” rating by Jefferies on Thursday, August 31. As per Wednesday, November 15, the company rating was maintained by KeyBanc Capital Markets. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Underweight” rating given on Friday, January 26 by JP Morgan. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Underperform” rating by Bank of America on Wednesday, September 20. The rating was maintained by Jefferies on Thursday, June 22 with “Hold”.

Among 2 analysts covering Echostar (NASDAQ:SATS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Echostar had 5 analyst reports since August 12, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Wednesday, August 17 report. Jefferies maintained EchoStar Corporation (NASDAQ:SATS) on Friday, December 1 with “Hold” rating. Citigroup maintained it with “Buy” rating and $76 target in Monday, February 26 report. The rating was upgraded by Zacks on Wednesday, August 12 to “Strong Sell”.

Since January 23, 2018, it had 0 insider buys, and 4 insider sales for $807,378 activity. $235,040 worth of EchoStar Corporation (NASDAQ:SATS) was sold by RAYNER DAVID. DUGAN MICHAEL T had sold 1,800 shares worth $111,806.

EchoStar Corporation offers satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and small office clients worldwide. The company has market cap of $5.28 billion. The firm operates in three divisions: Hughes, EchoStar Technologies, and EchoStar Satellite Services. It has a 13.53 P/E ratio. The Hughes segment provides satellite broadband Internet access and satellite technologies to North American consumer market; and broadband network technologies, managed services, equipment, and communications solutions to enterprise and government customers.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Institutional Positions Chart

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