Dish Network Corp. (DISH) Shares Sold by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. lowered its position in Dish Network Corp. (NASDAQ:DISH) by 39.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,050 shares of the company’s stock after selling 4,564 shares during the period. Oppenheimer & Co. Inc.’s holdings in Dish Network Corp. were worth $369,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Dish Network Corp. by 6.1% in the first quarter. Geode Capital Management LLC now owns 1,393,587 shares of the company’s stock worth $64,432,000 after buying an additional 79,905 shares in the last quarter. Norges Bank acquired a new stake in Dish Network Corp. during the fourth quarter worth approximately $70,904,000. Virginia Retirement System purchased a new position in Dish Network Corp. during the first quarter worth about $6,761,000. Franklin Resources Inc. increased its position in Dish Network Corp. by 28.6% in the first quarter. Franklin Resources Inc. now owns 4,500 shares of the company’s stock worth $208,000 after buying an additional 1,000 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in Dish Network Corp. by 7.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 25,447 shares of the company’s stock worth $1,177,000 after buying an additional 1,760 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.
Shares of Dish Network Corp. (NASDAQ:DISH) traded up 0.42% on Tuesday, hitting $52.51. The stock had a trading volume of 1,413,199 shares. The company has a 50-day moving average of $50.89 and a 200 day moving average of $49.83. Dish Network Corp. has a 52 week low of $38.85 and a 52 week high of $65.49. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 28.05 and a beta of 0.79.
Dish Network Corp. (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.17. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.86 billion. Dish Network Corp. had a return on equity of 42.01% and a net margin of 5.75%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. On average, equities research analysts predict that Dish Network Corp. will post $3.07 EPS for the current year.
DISH has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating and set a $80.00 price objective on shares of Dish Network Corp. in a report on Friday, July 22nd. Zacks Investment Research upgraded Dish Network Corp. from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, June 21st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Dish Network Corp. in a report on Saturday, June 4th. Wells Fargo & Co. reiterated a “buy” rating and set a $119.00 price objective on shares of Dish Network Corp. in a report on Friday, June 3rd. Finally, TheStreet upgraded Dish Network Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Dish Network Corp. presently has a consensus rating of “Hold” and a consensus price target of $66.24.
Dish Network Corp. Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers Pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded Pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite (DBS) and Fixed Satellite Service (FSS) spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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