Commerce Bank Acquires New Position in DISH Network Corporation (DISH)
Commerce Bank acquired a new position in DISH Network Corporation (NASDAQ:DISH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,994 shares of the company’s stock, valued at approximately $434,000.
Other institutional investors also recently modified their holdings of the company. Ray Gerald L & Associates Ltd. raised its stake in shares of DISH Network Corporation by 113.6% in the third quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock worth $683,000 after purchasing an additional 6,700 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of DISH Network Corporation by 10.4% in the second quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock valued at $10,603,000 after acquiring an additional 15,978 shares in the last quarter. Swiss National Bank grew its holdings in shares of DISH Network Corporation by 3.3% in the second quarter. Swiss National Bank now owns 829,109 shares of the company’s stock valued at $52,035,000 after acquiring an additional 26,200 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of DISH Network Corporation in the second quarter valued at approximately $304,000. Finally, Quantitative Systematic Strategies LLC grew its holdings in shares of DISH Network Corporation by 33.9% in the third quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock valued at $308,000 after acquiring an additional 1,439 shares in the last quarter. 48.26% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation 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 transaction, 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 SEC, which can be accessed through this link. In the last quarter, insiders sold 1,110 shares of company stock worth $62,046. Company insiders own 49.30% of the company’s stock.
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Several equities analysts have weighed in on the company. Zacks Investment Research raised DISH Network Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Citigroup Inc. raised DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price target for the company in a report on Friday, September 15th. Macquarie reaffirmed a “hold” rating and issued a $60.00 price target (down from $68.00) on shares of DISH Network Corporation in a report on Monday, October 2nd. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $88.50 price target on shares of DISH Network Corporation in a report on Thursday, August 31st. Finally, BidaskClub lowered DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $65.39.
DISH Network Corporation (DISH) traded down $0.65 on Tuesday, hitting $50.01. The stock had a trading volume of 1,671,300 shares, compared to its average volume of 2,697,780. The stock has a market capitalization of $23,190.00, a P/E ratio of 18.63, a P/E/G ratio of 2.42 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 has a 1 year low of $46.07 and a 1 year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. DISH Network Corporation had a return on equity of 25.97% and a net margin of 7.22%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. analysts expect that DISH Network Corporation will post 2.03 earnings per share 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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