Balter Liquid Alternatives LLC acquired a new stake in shares of DISH Network Corporation (NASDAQ:DISH) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,033 shares of the company’s stock, valued at approximately $320,000.
Other institutional investors have also recently modified their holdings of the company. Elkfork Partners LLC bought a new stake in shares of DISH Network Corporation during the first quarter valued at about $110,000. Ladenburg Thalmann Financial Services Inc. raised its stake in DISH Network Corporation by 14.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company’s stock worth $107,000 after buying an additional 233 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after buying an additional 1,859 shares during the period. Meadow Creek Investment Management LLC purchased a new stake in shares of DISH Network Corporation during the first quarter valued at approximately $141,000. Finally, Huntington National Bank increased its stake in shares of DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock valued at $147,000 after buying an additional 19 shares during the period. 49.94% of the stock is owned by institutional investors.
DISH Network Corporation (DISH) traded up 0.74% during trading on Monday, reaching $64.98. The company’s stock had a trading volume of 1,370,933 shares. DISH Network Corporation has a 1-year low of $48.51 and a 1-year high of $66.48. The stock has a market capitalization of $30.27 billion, a PE ratio of 21.95 and a beta of 0.95. The stock has a 50 day moving average price of $63.44 and a 200 day moving average price of $61.67.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings data on Monday, May 1st. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DISH Network Corporation had a return on equity of 32.65% and a net margin of 9.59%. DISH Network Corporation’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. Analysts anticipate that DISH Network Corporation will post $2.72 earnings per share for the current fiscal year.
DISH has been the topic of several research analyst reports. Hilliard Lyons cut shares of DISH Network Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Barclays PLC upgraded shares of DISH Network Corporation from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $62.00 to $74.00 in a research note on Thursday, April 27th. Deutsche Bank AG lowered their price objective on shares of DISH Network Corporation from $103.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Pivotal Research lowered shares of DISH Network Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $86.00 to $70.00 in a report on Monday, May 1st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $88.50 price objective on shares of DISH Network Corporation in a report on Monday, March 20th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $69.19.
In other news, Treasurer Kyle J. Kiser sold 32,500 shares of the business’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $61.90, for a total value of $2,011,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Ortolf sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $60.55, for a total value of $302,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $302,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,378 shares of company stock valued at $2,930,248. 49.30% of the stock is currently owned by insiders.
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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