Sanctuary Wealth Advisors LLC Has $1,978,000 Stake in DISH Network Corporation (NASDAQ:DISH)
Sanctuary Wealth Advisors LLC held its position in shares of DISH Network Corporation (NASDAQ:DISH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,517 shares of the company’s stock at the end of the second quarter. Sanctuary Wealth Advisors LLC’s holdings in DISH Network Corporation were worth $1,978,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AT Bancorp raised its position in shares of DISH Network Corporation by 1.5% in the second quarter. AT Bancorp now owns 26,640 shares of the company’s stock worth $1,672,000 after buying an additional 406 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of DISH Network Corporation by 0.6% in the second quarter. Retirement Systems of Alabama now owns 110,292 shares of the company’s stock worth $6,922,000 after buying an additional 605 shares during the last quarter. Korea Investment CORP raised its position in shares of DISH Network Corporation by 0.6% in the second quarter. Korea Investment CORP now owns 488,593 shares of the company’s stock worth $30,664,000 after buying an additional 2,825 shares during the last quarter. Texas Permanent School Fund raised its position in shares of DISH Network Corporation by 46.9% in the second quarter. Texas Permanent School Fund now owns 63,914 shares of the company’s stock worth $4,011,000 after buying an additional 20,411 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of DISH Network Corporation by 2.9% in the second quarter. CIBC Asset Management Inc now owns 37,609 shares of the company’s stock worth $2,360,000 after buying an additional 1,065 shares during the last quarter. Institutional investors own 49.99% of the company’s stock.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.67. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business earned $0.88 EPS. DISH Network Corporation’s revenue for the quarter was down 5.7% compared to the same quarter last year.
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A number of research analysts have weighed in on the company. BidaskClub lowered DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Sunday. TheStreet lowered DISH Network Corporation from a “b” rating to a “c+” rating in a report on Thursday. Telsey Advisory Group decreased their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday. Macquarie restated a “hold” rating and issued a $68.00 price objective on shares of DISH Network Corporation in a report on Thursday. Finally, Citigroup Inc. lowered DISH Network Corporation from a “buy” rating to a “sell” rating and decreased their price objective for the company from $94.00 to $52.00 in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. DISH Network Corporation currently has a consensus rating of “Hold” and an average price target of $70.31.
In other DISH Network Corporation news, EVP R Stanton Dodge sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 49.30% of the stock is owned by company insiders.
About DISH Network Corporation
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, 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 and Fixed Satellite Service 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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