Pacer Advisors Inc. lifted its holdings in DISH Network Corporation (NASDAQ:DISH) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,571 shares of the company’s stock after buying an additional 861 shares during the period. Pacer Advisors Inc.’s holdings in DISH Network Corporation were worth $475,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DISH. Elkfork Partners LLC acquired a new stake in shares of DISH Network Corporation in the first quarter worth about $110,000. Bronfman E.L. Rothschild L.P. lifted its position 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 worth $121,000 after buying an additional 1,859 shares during the last quarter. Meadow Creek Investment Management LLC acquired a new stake in shares of DISH Network Corporation in the first quarter worth about $141,000. First Manhattan Co. increased its stake in shares of DISH Network Corporation by 35.0% in the first quarter. First Manhattan Co. now owns 2,700 shares of the company’s stock worth $147,000 after purchasing an additional 700 shares during the period. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of DISH Network Corporation by 4.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares during the period. 48.93% of the stock is owned by hedge funds and other institutional investors.
DISH Network Corporation (NASDAQ:DISH) opened at 53.07 on Friday. DISH Network Corporation has a 1-year low of $51.38 and a 1-year high of $66.50. The stock has a 50 day moving average price of $58.34 and a 200-day moving average price of $61.96. The firm has a market cap of $24.74 billion, a P/E ratio of 24.68 and a beta of 0.98.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The company’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. Equities research analysts forecast that DISH Network Corporation will post $2.23 EPS for the current year.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the sale, the executive vice president now directly owns 165 shares in the company, valued at $9,340.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $59.73, for a total transaction of $1,493,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,885 shares of company stock valued at $1,544,018. 49.30% of the stock is owned by company insiders.
Several equities analysts recently issued reports on the company. Wells Fargo & Company restated an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. BidaskClub lowered DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada set a $56.00 price target on DISH Network Corporation and gave the company a “hold” rating in a research note on Saturday, May 20th. Wunderlich restated a “sell” rating and set a $54.00 price target on shares of DISH Network Corporation in a research note on Monday, June 12th. Finally, Citigroup Inc. lowered DISH Network Corporation from a “buy” rating to a “sell” rating and lowered their price objective for the company from $94.00 to $52.00 in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $69.87.
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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