Meadow Creek Investment Management LLC lifted its holdings in DISH Network Corp (NASDAQ:DISH) by 56.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,532 shares of the company’s stock after acquiring an additional 7,784 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in DISH Network were worth $724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exane Derivatives boosted its holdings in shares of DISH Network by 112.8% in the 2nd quarter. Exane Derivatives now owns 20,273 shares of the company’s stock worth $681,000 after acquiring an additional 10,748 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of DISH Network by 1.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,250,000 shares of the company’s stock worth $42,013,000 after acquiring an additional 20,000 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of DISH Network by 10.1% in the 1st quarter. Verition Fund Management LLC now owns 48,813 shares of the company’s stock worth $1,850,000 after acquiring an additional 4,458 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of DISH Network by 140.2% in the 2nd quarter. Trexquant Investment LP now owns 131,950 shares of the company’s stock worth $4,435,000 after acquiring an additional 77,026 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of DISH Network by 3.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,407,967 shares of the company’s stock worth $114,542,000 after acquiring an additional 112,586 shares in the last quarter. 48.27% of the stock is currently owned by institutional investors and hedge funds.

DISH has been the subject of several research analyst reports. Zacks Investment Research cut shares of DISH Network from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Moffett Nathanson cut shares of DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 price objective for the company. in a research report on Monday, August 13th. Pivotal Research restated a “buy” rating and issued a $40.00 price objective on shares of DISH Network in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $50.00 price objective on shares of DISH Network in a research report on Monday, August 6th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. DISH Network presently has a consensus rating of “Hold” and a consensus target price of $50.71.

In other DISH Network news, insider James Defranco bought 5,000 shares of the company’s stock in a transaction on Monday, June 11th. The stock was bought at an average price of $32.09 per share, for a total transaction of $160,450.00. Following the transaction, the insider now owns 1,148,529 shares of the company’s stock, valued at approximately $36,856,295.61. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 55,000 shares of company stock valued at $1,743,550 in the last quarter. Corporate insiders own 49.20% of the company’s stock.

DISH stock opened at $34.52 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.76 and a quick ratio of 0.66. DISH Network Corp has a fifty-two week low of $28.80 and a fifty-two week high of $57.95. The company has a market capitalization of $16.15 billion, a P/E ratio of 13.66 and a beta of 1.20.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Friday, August 3rd. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.14. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DISH Network had a net margin of 17.80% and a return on equity of 20.60%. DISH Network’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. sell-side analysts forecast that DISH Network Corp will post 2.77 EPS for the current fiscal year.

About DISH Network

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.

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Institutional Ownership by Quarter for DISH Network (NASDAQ:DISH)

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