DISH Network Corporation (DISH) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in DISH Network Corporation (NASDAQ:DISH) by 15.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,316 shares of the company’s stock after selling 6,300 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in DISH Network Corporation were worth $1,915,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of DISH Network Corporation by 184.5% in the second quarter. American Century Companies Inc. now owns 1,430,365 shares of the company’s stock worth $89,770,000 after purchasing an additional 927,537 shares during the last quarter. FMR LLC grew its holdings in DISH Network Corporation by 22.7% during the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock worth $282,314,000 after acquiring an additional 831,768 shares during the period. Paulson & CO. Inc. grew its holdings in DISH Network Corporation by 15.9% during the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock worth $250,965,000 after acquiring an additional 548,700 shares during the period. Teachers Advisors LLC grew its holdings in DISH Network Corporation by 134.8% during the second quarter. Teachers Advisors LLC now owns 815,292 shares of the company’s stock worth $51,168,000 after acquiring an additional 468,003 shares during the period. Finally, Vanguard Group Inc. grew its holdings in DISH Network Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after purchasing an additional 409,704 shares during the period. Institutional investors own 48.76% of the company’s stock.
Several analysts have commented on the company. Citigroup Inc. lowered DISH Network Corporation from a “buy” rating to a “sell” rating and dropped their price objective for the company from $94.00 to $52.00 in a report on Wednesday, July 26th. BidaskClub lowered DISH Network Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Macquarie reissued a “hold” rating and issued a $68.00 price objective on shares of DISH Network Corporation in a report on Thursday, August 3rd. Telsey Advisory Group dropped their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday, August 4th. Finally, TheStreet downgraded DISH Network Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Five analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.39.
In other DISH Network Corporation news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction on Monday, August 28th. The stock was 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 in the company, valued at $9,340.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,110 shares of company stock worth $62,046 in the last 90 days. Company insiders own 49.30% of the company’s stock.
DISH Network Corporation (NASDAQ:DISH) opened at $50.81 on Monday. DISH Network Corporation has a 1 year low of $46.07 and a 1 year high of $66.50. The company has a market capitalization of $23,683.15, a P/E ratio of 18.68, a P/E/G ratio of 2.38 and a beta of 1.08. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.57 and a current ratio of 0.63.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a net margin of 7.22% and a return on equity of 25.97%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. DISH Network Corporation’s revenue for the quarter was down 5.0% compared to the same quarter last year. analysts forecast that DISH Network Corporation will post 2.06 EPS for the current year.
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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