Bartlett & Co. LLC lowered its position in shares of DISH Network Corporation (NASDAQ:DISH) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,045 shares of the company’s stock after selling 300 shares during the period. Bartlett & Co. LLC’s holdings in DISH Network Corporation were worth $191,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of DISH. Ladenburg Thalmann Financial Services Inc. increased its position 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 worth $107,000 after buying an additional 233 shares during the period. Elkfork Partners LLC bought a new position in shares of DISH Network Corporation during the first quarter worth $110,000. Bronfman E.L. Rothschild L.P. increased 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 period. Meadow Creek Investment Management LLC bought a new position in shares of DISH Network Corporation during the first quarter worth $141,000. Finally, Huntington National Bank increased its position 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 worth $147,000 after buying an additional 19 shares during the period. Institutional investors own 49.94% of the company’s stock.
Shares of DISH Network Corporation (DISH) traded down 0.14% during mid-day trading on Wednesday, hitting $65.44. 180,672 shares of the stock were exchanged. The stock’s 50-day moving average price is $64.42 and its 200-day moving average price is $62.61. The company has a market cap of $30.49 billion, a P/E ratio of 22.10 and a beta of 0.97. DISH Network Corporation has a 52-week low of $48.51 and a 52-week high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Monday, May 1st. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.76 billion. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. Equities research analysts anticipate that DISH Network Corporation will post $2.71 earnings per share for the current fiscal year.
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DISH has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $80.00 price objective on shares of DISH Network Corporation in a research report on Friday, March 31st. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of DISH Network Corporation from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. Deutsche Bank AG reduced their target price on shares of DISH Network Corporation from $103.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. BidaskClub raised shares of DISH Network Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, SunTrust Banks, Inc. started coverage on shares of DISH Network Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $60.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.75.
In related news, EVP R Stanton Dodge sold 1,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $66.20, for a total value of $66,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $302,750.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $302,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,100 shares of company stock valued at $375,279. Insiders own 49.30% of the company’s stock.
About DISH Network Corporation
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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