DISH Network Corporation (DISH) Shares Bought by Profund Advisors LLC
Profund Advisors LLC grew its position in DISH Network Corporation (NASDAQ:DISH) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,055 shares of the company’s stock after buying an additional 1,908 shares during the quarter. Profund Advisors LLC’s holdings in DISH Network Corporation were worth $1,259,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in DISH. Elkfork Partners LLC purchased a new position in shares of DISH Network Corporation in the first quarter valued at $110,000. Meadow Creek Investment Management LLC purchased a new stake in DISH Network Corporation during the 1st quarter worth about $141,000. Paradigm Asset Management Co. LLC increased its position in DISH Network Corporation by 4.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares in the last quarter. Invictus RG purchased a new stake in DISH Network Corporation during the 1st quarter worth about $160,000. Finally, Huntington National Bank increased its position in DISH Network Corporation by 12.1% during the 2nd quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.
In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $59.73, for a total value of $1,493,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the transaction, the executive vice president now directly owns 165 shares in the company, valued at $9,340.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,885 shares of company stock worth $1,544,018. Insiders own 49.30% of the company’s stock.
DISH has been the subject of a number of recent research reports. BidaskClub cut DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Telsey Advisory Group dropped their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. Guggenheim reiterated a “neutral” rating and set a $62.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a research report on Thursday, August 24th. Citigroup Inc. upgraded DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective for the company in a research report on Friday, September 15th. Finally, Macquarie reiterated a “hold” rating and set a $68.00 price objective on shares of DISH Network Corporation in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $69.97.
DISH Network Corporation (NASDAQ DISH) opened at 53.56 on Thursday. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of 24.91 and a beta of 0.98. The stock has a 50 day moving average price of $57.41 and a 200 day moving average price of $61.78. DISH Network Corporation has a 1-year low of $52.14 and a 1-year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts predict that DISH Network Corporation will post $2.23 EPS for the current year.
DISH Network Corporation 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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