Smith Asset Management Group LP acquired a new stake in shares of Dish Network Corp. (NASDAQ:DISH) during the second quarter, Holdings Channel reports. The institutional investor acquired 846,700 shares of the company’s stock, valued at approximately $44,367,000. Dish Network Corp. makes up about 1.3% of Smith Asset Management Group LP’s holdings, making the stock its 24th largest position.

A number of other institutional investors also recently added to or reduced their stakes in DISH. Dodge & Cox increased its position in Dish Network Corp. by 23.7% in the first quarter. Dodge & Cox now owns 14,120,430 shares of the company’s stock valued at $653,211,000 after buying an additional 2,707,650 shares in the last quarter. State Street Corp increased its position in Dish Network Corp. by 4.0% in the first quarter. State Street Corp now owns 4,187,213 shares of the company’s stock valued at $193,705,000 after buying an additional 162,714 shares in the last quarter. Institutional Capital LLC bought a new position in Dish Network Corp. during the first quarter valued at about $120,147,000. Renaissance Technologies LLC increased its position in Dish Network Corp. by 37.3% in the first quarter. Renaissance Technologies LLC now owns 2,168,779 shares of the company’s stock valued at $100,328,000 after buying an additional 588,872 shares in the last quarter. Finally, Geode Capital Management LLC increased its position 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 valued at $64,432,000 after buying an additional 79,905 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Shares of Dish Network Corp. (NASDAQ:DISH) traded up 0.08% on Tuesday, reaching $52.33. 1,794,471 shares of the company’s stock were exchanged. The company has a market capitalization of $24.33 billion, a P/E ratio of 27.95 and a beta of 0.79. Dish Network Corp. has a 1-year low of $38.85 and a 1-year high of $65.49. The stock’s 50-day moving average price is $50.85 and its 200-day moving average price is $49.85.

Dish Network Corp. (NASDAQ:DISH) last released its earnings results on Thursday, July 21st. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The company earned $3.84 billion during the quarter, compared to the consensus estimate of $3.86 billion. Dish Network Corp. had a net margin of 5.75% and a return on equity of 42.01%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. Analysts anticipate that Dish Network Corp. will post $3.07 EPS for the current fiscal year.

DISH has been the subject of several recent research reports. Macquarie upgraded shares of Dish Network Corp. from a “neutral” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating and set a $50.73 target price (down previously from $80.00) on shares of Dish Network Corp. in a research note on Friday, June 3rd. Pacific Crest reiterated a “hold” rating on shares of Dish Network Corp. in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of Dish Network Corp. from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Dish Network Corp. in a research note on Saturday, June 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dish Network Corp. currently has a consensus rating of “Hold” and a consensus price target of $66.24.

About Dish Network Corp.

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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