Candriam Luxembourg S.C.A. Continues to Hold Position in DISH Network Corporation (DISH)
Candriam Luxembourg S.C.A. held its stake 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 institutional investor owned 21,000 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in DISH Network Corporation were worth $1,318,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of DISH Network Corporation by 41.1% in the first quarter. Vanguard Group Inc. now owns 14,269,188 shares of the company’s stock worth $905,951,000 after buying an additional 4,158,136 shares in the last quarter. State Street Corp raised its stake in shares of DISH Network Corporation by 126.2% in the first quarter. State Street Corp now owns 9,069,843 shares of the company’s stock worth $575,841,000 after buying an additional 5,059,383 shares in the last quarter. Paulson & CO. Inc. bought a new stake in shares of DISH Network Corporation during the first quarter worth $219,047,000. Geode Capital Management LLC raised its stake in shares of DISH Network Corporation by 44.8% in the first quarter. Geode Capital Management LLC now owns 2,162,521 shares of the company’s stock worth $137,101,000 after buying an additional 669,308 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of DISH Network Corporation by 78.6% in the first quarter. Bank of New York Mellon Corp now owns 1,850,880 shares of the company’s stock worth $117,511,000 after buying an additional 814,395 shares in the last quarter. Hedge funds and other institutional investors own 49.99% of the company’s stock.
Shares of DISH Network Corporation (NASDAQ:DISH) opened at 58.46 on Friday. DISH Network Corporation has a 1-year low of $48.51 and a 1-year high of $66.50. The firm has a 50-day moving average of $63.38 and a 200 day moving average of $62.74. The company has a market capitalization of $27.25 billion, a P/E ratio of 27.19 and a beta of 0.96.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.67. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts expect that DISH Network Corporation will post $2.38 earnings per share for the current year.
DISH has been the topic of a number of research analyst reports. BidaskClub upgraded shares of DISH Network Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Telsey Advisory Group cut their target price on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and issued a $80.00 target price on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Pivotal Research lowered shares of DISH Network Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $86.00 to $70.00 in a research report on Monday, May 1st. Finally, SunTrust Banks, Inc. initiated coverage on shares of DISH Network Corporation in a research report on Tuesday, April 18th. They issued a “hold” rating and a $60.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.31.
In other news, EVP R Stanton Dodge sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $66.20, for a total value of $66,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,100 shares of company stock valued at $1,565,779. Corporate insiders own 49.30% of the company’s stock.
DISH Network Corporation Company Profile
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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