EchoStar's Charles Ergen Buys 2.32 Million Shares

Charles Ergen, the Chairman and CEO of EchoStar Corporation, acquired 2,316,533 shares of the company on June 26, 2026. This transaction didn't involve a purchase price as it was coded as a 'G' transaction, indicating a gift or other non-market acquisition.

What Changed in Charles Ergen's EchoStar Position

On June 26, 2026, Charles Ergen bolstered his holdings by acquiring 2,316,533 shares of EchoStar Corporation. This move did not involve a cash transaction, as indicated by the transaction code.

Other Institutional Activity in EchoStar

Basecamp Wealth Advisors LLC opened a new position in EchoStar, purchasing 49 shares valued at approximately $5,736. This represents a fresh investment by the firm, as it previously held no shares in the company.

EchoStar Corporation Stock Up 16.9%

Shares of NasdaqGS:ECHO traded near $101.50 on Wednesday. EchoStar Corporation has a market capitalization of $29.42 billion. The company does not have a meaningful P/E ratio due to its lack of profitability, but it has a beta of 0.963, suggesting it moves almost in line with the market. The stock's 52-week range is between $26.04 and $147.25, with a 50-day moving average of $121.69 and a 200-day moving average of $103.57. EchoStar's financial health shows a current ratio of 0.302 and a quick ratio of 0.236, with a high debt-to-equity ratio of 515.06.

Recent Earnings

EchoStar reported revenue of $14.80 billion, though it experienced a revenue decline of 5.2%. The company posted a net margin of -97.56% and a return on equity of -112.28%. The next earnings report is expected on July 30, 2026.

Insider Buying and Selling at EchoStar Corporation

On June 26, 2026, Charles Ergen, as Chairman and CEO, acquired 2,316,533 shares in a transaction coded as a gift. This was not a planned purchase under Rule 10b5-1. Additionally, the Ergen Two-Year June 2025 SATS GRAT also recorded an identical transaction on the same date.

About EchoStar Corporation

EchoStar Corporation, headquartered in Englewood, Colorado, provides a range of communication services. The company operates in several segments, including Pay-TV services, Wireless communication, and Broadband and Satellite Services. It serves various regions globally, including the Americas, Asia, Africa, and Europe. EchoStar's brands include Boost Mobile, DISH, and HughesNet, among others. Founded in 1980, the company employs approximately 12,100 people.

Bottom Line

Charles Ergen's acquisition of 2.32 million shares highlights his commitment to EchoStar Corporation. Investors often track such insider activities for insights into company leadership's confidence. This transaction, coded as a non-market acquisition, reflects Ergen's strategic moves within the company. As always, 13F filings and insider transactions provide a historical view and may not represent current positions.