Private Advisor Group LLC boosted its holdings in DISH Network Corporation (NASDAQ:DISH) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,606 shares of the company’s stock after acquiring an additional 391 shares during the quarter. Private Advisor Group LLC’s holdings in DISH Network Corporation were worth $360,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of DISH. Elkfork Partners LLC acquired a new stake in DISH Network Corporation during the 1st quarter worth about $110,000. Meadow Creek Investment Management LLC acquired a new stake in DISH Network Corporation during the 1st quarter worth about $141,000. Paradigm Asset Management Co. LLC raised its holdings in DISH Network Corporation by 4.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after buying an additional 100 shares during the period. Invictus RG acquired a new stake in DISH Network Corporation during the 1st quarter worth about $160,000. Finally, Huntington National Bank raised its holdings in DISH Network Corporation by 12.1% during the 2nd quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 48.93% of the company’s stock.
Shares of DISH Network Corporation (NASDAQ DISH) opened at 52.85 on Tuesday. DISH Network Corporation has a 52 week low of $52.14 and a 52 week high of $66.50. The company has a market cap of $24.63 billion, a PE ratio of 24.58 and a beta of 0.98. The company has a 50 day moving average price of $57.71 and a 200 day moving average price of $61.84.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.67). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. On average, equities analysts expect that DISH Network Corporation will post $2.23 earnings per share for the current year.
DISH has been the topic of several recent analyst reports. Wells Fargo & Company restated an “outperform” rating and set a $88.50 price objective on shares of DISH Network Corporation in a report on Thursday, August 31st. Citigroup Inc. downgraded DISH Network Corporation from a “buy” rating to a “sell” rating and cut their price objective for the stock from $94.00 to $52.00 in a report on Wednesday, July 26th. BidaskClub downgraded DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Wunderlich restated a “sell” rating and set a $54.00 price objective on shares of DISH Network Corporation in a report on Monday, June 12th. Finally, Macquarie restated a “hold” rating and set a $68.00 price objective on shares of DISH Network Corporation in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $69.97.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the sale, the executive vice president now owns 165 shares of the company’s stock, valued at $9,340.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,885 shares of company stock worth $1,544,018. 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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