IFM Investors Pty Ltd Takes Position in DISH Network Corp (DISH)

IFM Investors Pty Ltd bought a new stake in shares of DISH Network Corp (NASDAQ:DISH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,062 shares of the company’s stock, valued at approximately $329,000.

Several other hedge funds have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of DISH Network by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,900 shares of the company’s stock valued at $1,061,000 after purchasing an additional 68 shares during the last quarter. TRUE Private Wealth Advisors lifted its holdings in shares of DISH Network by 0.9% during the second quarter. TRUE Private Wealth Advisors now owns 7,899 shares of the company’s stock valued at $495,000 after purchasing an additional 74 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its holdings in shares of DISH Network by 4.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after purchasing an additional 100 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of DISH Network by 0.9% during the second quarter. Nordea Investment Management AB now owns 11,121 shares of the company’s stock valued at $698,000 after purchasing an additional 101 shares during the last quarter. Finally, Veritable L.P. lifted its holdings in shares of DISH Network by 2.3% during the second quarter. Veritable L.P. now owns 6,182 shares of the company’s stock valued at $388,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 48.58% of the company’s stock.

Shares of DISH Network Corp (NASDAQ:DISH) opened at $48.57 on Monday. The firm has a market cap of $22,650.00, a P/E ratio of 17.86, a P/E/G ratio of 2.37 and a beta of 1.09. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network Corp has a 1 year low of $46.07 and a 1 year high of $66.50.

DISH Network (NASDAQ:DISH) last posted its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period last year, the firm posted $0.64 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. research analysts forecast that DISH Network Corp will post 1.98 EPS for the current fiscal year.

Several research firms have recently issued reports on DISH. Guggenheim reiterated a “neutral” rating and set a $62.00 target price (down from $68.00) on shares of DISH Network in a report on Thursday, August 24th. Wells Fargo & Company reissued an “outperform” rating and set a $88.50 price target on shares of DISH Network in a research report on Thursday, August 31st. Macquarie reissued a “hold” rating and set a $60.00 price target (down previously from $68.00) on shares of DISH Network in a research report on Monday, October 2nd. Deutsche Bank reissued a “buy” rating and set a $99.00 price target on shares of DISH Network in a research report on Thursday, October 5th. Finally, Moffett Nathanson reissued a “sell” rating and set a $37.00 price target (down previously from $45.00) on shares of DISH Network in a research report on Tuesday, September 26th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. DISH Network currently has an average rating of “Hold” and an average target price of $63.92.

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DISH Network 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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Institutional Ownership by Quarter for DISH Network (NASDAQ:DISH)

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