Garcia Hamilton & Associates LP DE trimmed its position in shares of DISH Network Corporation (NASDAQ:DISH) by 40.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,385 shares of the company’s stock after selling 6,399 shares during the quarter. Garcia Hamilton & Associates LP DE’s holdings in DISH Network Corporation were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC lifted its holdings in shares of DISH Network Corporation by 1.2% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 47,157 shares of the company’s stock valued at $2,960,000 after buying an additional 582 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of DISH Network Corporation by 132.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,127 shares of the company’s stock valued at $1,075,000 after acquiring an additional 9,755 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of DISH Network Corporation by 32.2% in the 2nd quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock valued at $1,593,000 after acquiring an additional 426 shares in the last quarter. PineView Asset Management LP raised its stake in shares of DISH Network Corporation by 13.0% in the 2nd quarter. PineView Asset Management LP now owns 634,313 shares of the company’s stock valued at $39,809,000 after acquiring an additional 72,777 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new position in shares of DISH Network Corporation in the 2nd quarter valued at approximately $597,000. Institutional investors and hedge funds own 48.93% of the company’s stock.
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In other news, CEO Roger Lynch sold 25,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now owns 165 shares in the company, valued at approximately $9,340.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,110 shares of company stock worth $1,555,296. 49.30% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on DISH shares. BidaskClub raised DISH Network Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price objective on shares of DISH Network Corporation in a research note on Monday, September 25th. Deutsche Bank AG reissued a “buy” rating and issued a $99.00 price objective on shares of DISH Network Corporation in a research note on Thursday, October 5th. TheStreet downgraded DISH Network Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Finally, Macquarie reissued a “hold” rating and issued a $68.00 price objective on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.18.
Shares of DISH Network Corporation (DISH) traded down 5.25% on Thursday, reaching $48.94. The company’s stock had a trading volume of 3,142,396 shares. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 22.76 and a beta of 0.99. The company’s 50 day moving average is $54.58 and its 200-day moving average is $60.70. DISH Network Corporation has a 1-year low of $48.73 and a 1-year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.67). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. DISH Network Corporation’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Equities research analysts expect that DISH Network Corporation will post $2.13 EPS for the current year.
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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