MetLife Investment Advisors LLC reduced its position in shares of DISH Network Corp (NASDAQ:DISH) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,547 shares of the company’s stock after selling 1,083 shares during the period. MetLife Investment Advisors LLC’s holdings in DISH Network were worth $1,637,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in shares of DISH Network during the fourth quarter worth $160,000. Oppenheimer & Co. Inc. raised its holdings in shares of DISH Network by 8.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 12,566 shares of the company’s stock worth $314,000 after purchasing an additional 1,000 shares during the period. Loews Corp raised its holdings in shares of DISH Network by 23.8% during the fourth quarter. Loews Corp now owns 10,000 shares of the company’s stock worth $250,000 after purchasing an additional 1,921 shares during the period. CENTRAL TRUST Co acquired a new stake in shares of DISH Network during the fourth quarter worth $53,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of DISH Network during the fourth quarter worth $288,000. 48.21% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:DISH opened at $33.14 on Tuesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.69 and a quick ratio of 0.63. DISH Network Corp has a twelve month low of $23.22 and a twelve month high of $39.72. The stock has a market cap of $14.83 billion, a PE ratio of 11.05 and a beta of 1.59.
In other news, insider James Defranco acquired 25,000 shares of DISH Network stock in a transaction on Monday, January 14th. The stock was bought at an average cost of $28.01 per share, with a total value of $700,250.00. Following the completion of the purchase, the insider now owns 1,448,529 shares of the company’s stock, valued at $40,573,297.29. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 125,000 shares of company stock valued at $3,650,250 over the last ninety days. Insiders own 52.80% of the company’s stock.
Several equities analysts have recently commented on DISH shares. Morgan Stanley lowered their price target on shares of DISH Network from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, December 6th. Wolfe Research started coverage on shares of DISH Network in a research report on Friday, December 7th. They set a “market perform” rating for the company. Citigroup lowered their price target on shares of DISH Network from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. BidaskClub lowered shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Finally, Moffett Nathanson upgraded shares of DISH Network from a “sell” rating to a “neutral” rating in a research report on Thursday, January 3rd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.71.
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DISH Network Company Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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