Three Peaks Capital Management LLC decreased its position in shares of DISH Network Corporation (NASDAQ:DISH) by 13.2% during the second quarter, Holdings Channel reports. The fund owned 173,939 shares of the company’s stock after selling 26,552 shares during the period. DISH Network Corporation makes up approximately 1.6% of Three Peaks Capital Management LLC’s portfolio, making the stock its 19th largest position. Three Peaks Capital Management LLC’s holdings in DISH Network Corporation were worth $10,916,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position 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 during the last quarter. Vanguard Group Inc. raised its position 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 during the last quarter. Paulson & CO. Inc. purchased a new position in shares of DISH Network Corporation during the first quarter worth approximately $219,047,000. Alliancebernstein L.P. raised its position in shares of DISH Network Corporation by 768.3% in the first quarter. Alliancebernstein L.P. now owns 1,367,296 shares of the company’s stock worth $86,810,000 after buying an additional 1,209,821 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of DISH Network Corporation by 1,731.2% in the first quarter. Prudential Financial Inc. now owns 1,246,885 shares of the company’s stock worth $79,164,000 after buying an additional 1,178,795 shares during the last quarter. 49.76% of the stock is owned by institutional investors.

DISH Network Corporation (NASDAQ DISH) traded down 0.46% on Friday, reaching $56.68. The company’s stock had a trading volume of 133,322 shares. DISH Network Corporation has a 52 week low of $48.51 and a 52 week high of $66.50. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 26.36 and a beta of 0.96. The company has a 50 day moving average of $62.69 and a 200 day moving average of $62.67.

DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts forecast that DISH Network Corporation will post $2.37 earnings per share for the current year.

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DISH has been the subject of a number of research reports. Hilliard Lyons lowered DISH Network Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Barclays PLC raised DISH Network Corporation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $62.00 to $74.00 in a research note on Thursday, April 27th. Pivotal Research lowered DISH Network Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $86.00 to $70.00 in a research note on Monday, May 1st. Citigroup Inc. lowered DISH Network Corporation from a “buy” rating to a “sell” rating and lowered their price objective for the company from $94.00 to $52.00 in a research note on Wednesday, July 26th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. DISH Network Corporation currently has an average rating of “Hold” and a consensus price target of $70.31.

In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP R Stanton Dodge sold 1,000 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The disclosure for this sale can be found here. Insiders have sold 26,100 shares of company stock worth $1,565,779 over the last 90 days. 49.30% of the stock is owned by 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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Institutional Ownership by Quarter for DISH Network Corporation (NASDAQ:DISH)

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