Penn Davis Mcfarland Inc. reduced its stake in shares of DISH Network Corporation (NASDAQ:DISH) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,075 shares of the company’s stock after selling 850 shares during the period. DISH Network Corporation accounts for approximately 0.2% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 28th largest position. Penn Davis Mcfarland Inc.’s holdings in DISH Network Corporation were worth $695,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Elkfork Partners LLC acquired a new stake in shares of DISH Network Corporation during the first quarter valued at about $110,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of 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 valued at $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 in the last quarter. Meadow Creek Investment Management LLC acquired a new stake in shares of DISH Network Corporation during the first quarter valued at about $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 in the last quarter. 50.04% of the stock is currently owned by institutional investors.
Shares of DISH Network Corporation (NASDAQ DISH) traded down 0.34% during midday trading on Monday, hitting $64.50. 276,743 shares of the stock were exchanged. The stock has a market capitalization of $30.05 billion, a price-to-earnings ratio of 21.78 and a beta of 0.97. DISH Network Corporation has a 1-year low of $48.51 and a 1-year high of $66.50. The firm’s 50 day moving average is $64.49 and its 200-day moving average is $62.65.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Monday, May 1st. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts predict that DISH Network Corporation will post $2.71 EPS for the current year.
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Several equities research analysts have recently issued reports on the company. UBS AG reaffirmed a “neutral” rating and issued a $68.00 price target (up from $63.00) on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. BidaskClub raised DISH Network Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada set a $56.00 target price on DISH Network Corporation and gave the stock a “hold” rating in a research report on Saturday, May 20th. Wells Fargo & Company reissued an “outperform” rating on shares of DISH Network Corporation in a research report on Wednesday, June 28th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $80.00 target price on shares of DISH Network Corporation in a research report on Friday, March 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. DISH Network Corporation has a consensus rating of “Hold” and a consensus price target of $70.75.
In other news, Director Tom A. Ortolf sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.55, for a total value of $302,750.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $302,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP R Stanton Dodge sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $66.20, for a total transaction of $66,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,100 shares of company stock worth $375,279. Insiders own 49.30% of the company’s stock.
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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