Evergreen Capital Management 13F: Cuts ECHO Stake by $6.4M
Key Points
- Evergreen Capital Management reduced its EchoStar stake by 71,316 shares, valued at about $6.4 million, in a filing on October 23, 2026.
- Evergreen Capital Management held 760,316 $ECHO shares at quarter end, down 8.58% from the prior quarter.
- The stock recently traded around $89.08, which is about equal to its closing price on the filing date.
- EchoStar has a market cap of approximately $25.9 billion and is rated as a 'strong buy' by analysts.
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On October 23, 2026, Evergreen Capital Management trimmed its position in EchoStar Corporation (ECHO) by 71,316 shares, reducing its holdings to 760,316 shares.
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EchoStar Corporation
Evergreen Capital Management vs. the S&P 500
Hypothetical returns from Evergreen Capital Management's disclosed trades, not real profit or advice. How we model this.
Where EchoStar Fits in Evergreen Capital Management's Portfolio
Evergreen Capital's stake in EchoStar now represents about 5.33% of its reported 13F portfolio, ranking it 6th among the fund's 1,455 positions. The reduction of 71,316 shares represents an 8.6% decrease in this position.
Other Institutional Activity in EchoStar
Darsana Capital Partners, LP reduced its stake by 1,999,860 shares, ending with 5,000,000 shares valued at approximately $445.4 million. Meanwhile, Arini Capital Management Ltd increased its holdings by 1,387,794 shares to 4,839,158 shares worth around $431.1 million, and Pentwater Capital Management LP added 1,500,010 shares, bringing its total to 3,860,000 shares valued at about $343.8 million.
EchoStar Corporation Stock Up 3.8%
EchoStar shares recently traded around $89.08, which is about equal to the closing price on the filing date. The stock is currently below its 50-day and 200-day moving averages, indicating it has struggled to maintain momentum recently.
Recent Earnings
For the trailing twelve months, EchoStar reported revenue of about $14.65 billion, but it has faced a revenue decline of 4.0% year over year. The company is set to announce its next earnings on November 5, 2026.
Insider Buying and Selling at EchoStar Corporation
Several insiders sold shares recently. Hamid Akhavan, an Officer and Director, sold 52,586 shares at $121.00 each for a total of about $6.36 million on June 5, 2026. Dean A Manson, another Officer, sold 10,000 shares at $130.39 each, totaling around $1.30 million on June 12, 2026.
Analysts Set New Price Targets
On July 17, 2026, Raymond James upgraded EchoStar to a 'Strong Buy' rating with a price target of $115.00. TD Cowen maintained a 'Buy' rating with a target of $130.00 on August 4, 2026, while Citigroup also maintained a 'Buy' rating with a target of $117.00 on the same day. The consensus recommendation for EchoStar among analysts is a 'strong buy' with a mean price target of $130.2.
About EchoStar
EchoStar Corporation provides pay-TV services across various regions, including the United States, Canada, and parts of Europe and Asia. With a market cap of approximately $25.9 billion, the company continues to be a significant player in the communication services sector.
Bottom Line
Investors should watch for EchoStar's upcoming earnings report on November 5, 2026, to gauge its financial health amid recent insider selling and institutional activity. Evergreen Capital Management's position change reflects broader market dynamics as the stock trades below its historical averages.
Related Filing Alerts
Source: Evergreen Capital Management's 13F filing on $ECHO (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts