DISH Network Corp (DISH) Shares Bought by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ increased its stake in shares of DISH Network Corp (NASDAQ:DISH) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,881 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in DISH Network were worth $1,641,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Signet Financial Management LLC raised its holdings in DISH Network by 188,000.0% during the second quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock worth $126,000 after buying an additional 3,760 shares during the last quarter. Dupont Capital Management Corp acquired a new position in DISH Network during the third quarter worth $130,000. Cadence Capital Management LLC acquired a new position in DISH Network during the third quarter worth $216,000. Tower Research Capital LLC TRC raised its holdings in DISH Network by 293.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,618 shares of the company’s stock worth $222,000 after buying an additional 4,936 shares during the last quarter. Finally, Insight 2811 Inc. acquired a new position in DISH Network during the second quarter worth $233,000. 47.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:DISH opened at $32.85 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.62 and a quick ratio of 0.56. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 12.93 and a beta of 1.25. DISH Network Corp has a twelve month low of $27.54 and a twelve month high of $52.53.
In other DISH Network news, EVP James Defranco bought 5,000 shares of the business’s stock in a transaction on Friday, October 26th. The stock was purchased at an average price of $28.99 per share, for a total transaction of $144,950.00. Following the completion of the transaction, the executive vice president now directly owns 1,248,529 shares of the company’s stock, valued at $36,194,855.71. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired 115,000 shares of company stock valued at $3,688,150 in the last quarter. Company insiders own 49.20% of the company’s stock.
Several research analysts have weighed in on DISH shares. Morgan Stanley upped their price objective on shares of DISH Network from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 7th. Guggenheim upgraded shares of DISH Network from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $50.00 in a report on Wednesday, October 24th. Zacks Investment Research upgraded shares of DISH Network from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Monday, September 17th. BidaskClub downgraded shares of DISH Network from a “sell” rating to a “strong sell” rating in a report on Friday, July 27th. Finally, Pivotal Research lowered their target price on shares of DISH Network from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.77.
DISH Network Profile
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.
Featured Article: Reverse Stock Split
Want to see what other hedge funds are holding DISH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DISH Network Corp (NASDAQ:DISH).
Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.