DISH Network Corporation (DISH) Holdings Decreased by Andra AP fonden
Andra AP fonden reduced its position in DISH Network Corporation (NASDAQ:DISH) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,300 shares of the company’s stock after selling 9,200 shares during the quarter. Andra AP fonden’s holdings in DISH Network Corporation were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of DISH. Sun Life Financial INC boosted its position in shares of DISH Network Corporation by 20,725.0% in the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after purchasing an additional 1,658 shares during the period. Rockefeller Financial Services Inc. bought a new position in shares of DISH Network Corporation in the third quarter worth approximately $140,000. Paradigm Asset Management Co. LLC boosted its position in shares of DISH Network Corporation by 4.2% in the second 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 during the period. Huntington National Bank boosted its position in shares of DISH Network Corporation by 12.1% in the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after purchasing an additional 281 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of DISH Network Corporation by 123.9% in the second quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock worth $189,000 after purchasing an additional 1,665 shares during the period. Institutional investors and hedge funds own 48.95% of the company’s stock.
A number of equities analysts recently weighed in on DISH shares. BidaskClub lowered shares of DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Morgan Stanley restated a “buy” rating and set a $75.00 target price on shares of DISH Network Corporation in a research report on Tuesday, October 17th. Telsey Advisory Group dropped their target price on shares of 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. Zacks Investment Research lowered shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Guggenheim restated a “neutral” rating and set a $62.00 target price (down previously from $68.00) on shares of DISH Network Corporation in a research report on Thursday, August 24th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.39.
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In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the sale, the executive vice president now owns 165 shares of the company’s stock, valued at $9,340.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 1,110 shares of company stock worth $62,046. Insiders own 49.30% of the company’s stock.
Shares of DISH Network Corporation (DISH) opened at $50.81 on Friday. DISH Network Corporation has a 12 month low of $46.07 and a 12 month high of $66.50. The firm has a market cap of $23,683.15, a price-to-earnings ratio of 18.68, a PEG ratio of 2.41 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.88.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a net margin of 7.22% and a return on equity of 26.68%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. sell-side analysts expect that DISH Network Corporation will post 2.06 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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