Oppenheimer & Co. Inc. Has $288,000 Position in DISH Network Corporation (DISH)
Oppenheimer & Co. Inc. lowered its position in shares of DISH Network Corporation (NASDAQ:DISH) by 24.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,582 shares of the company’s stock after selling 1,450 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DISH Network Corporation were worth $288,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DISH. Elkfork Partners LLC acquired a new stake in DISH Network Corporation during the first quarter worth approximately $110,000. Meadow Creek Investment Management LLC acquired a new stake in DISH Network Corporation during the first quarter worth approximately $141,000. Paradigm Asset Management Co. LLC boosted its position in DISH Network Corporation by 4.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after acquiring an additional 100 shares during the last quarter. Invictus RG acquired a new stake in DISH Network Corporation during the first quarter worth approximately $160,000. Finally, Huntington National Bank boosted its position in DISH Network Corporation by 12.1% during the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after acquiring an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.
DISH Network Corporation (DISH) opened at 52.85 on Tuesday. The stock has a 50 day moving average of $57.71 and a 200-day moving average of $61.84. DISH Network Corporation has a 52 week low of $52.14 and a 52 week high of $66.50. The stock has a market cap of $24.63 billion, a P/E ratio of 24.58 and a beta of 0.98.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.67). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. DISH Network Corporation’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. Analysts forecast that DISH Network Corporation will post $2.23 earnings per share for the current year.
In other news, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the sale, the executive vice president now owns 165 shares of the company’s stock, valued at $9,340.65. The disclosure for this sale can be found here. Insiders sold 25,885 shares of company stock valued at $1,544,018 over the last quarter. Corporate insiders own 49.30% of the company’s stock.
DISH has been the topic of a number of analyst reports. Wells Fargo & Company restated an “outperform” rating and set a $88.50 target price on shares of DISH Network Corporation in a research report on Thursday, August 31st. Citigroup Inc. lowered shares of DISH Network Corporation from a “buy” rating to a “sell” rating and decreased their target price for the stock from $94.00 to $52.00 in a research report on Wednesday, July 26th. BidaskClub downgraded shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Wunderlich reaffirmed a “sell” rating and set a $54.00 price target on shares of DISH Network Corporation in a research note on Monday, June 12th. Finally, Macquarie reaffirmed a “hold” rating and set a $68.00 price target on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.97.
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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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