Advent Capital Management DE purchased a new stake in shares of DISH Network Corporation (NASDAQ:DISH) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 28,700 shares of the company’s stock, valued at approximately $1,801,000.
Several other institutional investors also recently made changes to their positions in DISH. Elkfork Partners LLC bought a new stake in shares of DISH Network Corporation during the 1st quarter valued at approximately $110,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of DISH Network Corporation by 3,872.9% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after purchasing an additional 1,859 shares during the last quarter. Meadow Creek Investment Management LLC bought a new stake in shares of DISH Network Corporation during the 1st quarter valued at approximately $141,000. First Manhattan Co. grew its holdings in shares of DISH Network Corporation by 35.0% during the 1st quarter. First Manhattan Co. now owns 2,700 shares of the company’s stock valued at $147,000 after purchasing an additional 700 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its holdings in shares of 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 valued at $157,000 after purchasing an additional 100 shares during the last quarter. 48.93% of the stock is currently owned by institutional investors.
Shares of DISH Network Corporation (NASDAQ:DISH) opened at 52.95 on Friday. DISH Network Corporation has a 52 week low of $51.76 and a 52 week high of $66.50. The firm’s 50-day moving average is $58.03 and its 200-day moving average is $61.89. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 24.63 and a beta of 0.98.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Equities research analysts predict that DISH Network Corporation will post $2.23 earnings per share for the current year.
In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the sale, the executive vice president now owns 165 shares of the company’s stock, valued at $9,340.65. The disclosure for this sale can be found here. Insiders have sold a total of 25,885 shares of company stock valued at $1,544,018 over the last 90 days. 49.30% of the stock is currently owned by company insiders.
DISH has been the topic of several research reports. BidaskClub lowered shares of DISH Network Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Telsey Advisory Group reduced their target price on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday, August 4th. Guggenheim reissued a “neutral” rating and set a $62.00 target price (down from $68.00) on shares of DISH Network Corporation in a report on Thursday, August 24th. Citigroup Inc. raised shares of DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 target price on the stock in a report on Friday. Finally, Macquarie reissued a “hold” rating and set a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.97.
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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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