State of Wisconsin Investment Board boosted its holdings in DISH Network Corporation (NASDAQ:DISH) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,435 shares of the company’s stock after buying an additional 8,027 shares during the period. State of Wisconsin Investment Board’s holdings in DISH Network Corporation were worth $10,870,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Ray Gerald L & Associates Ltd. grew its stake in DISH Network Corporation by 113.6% in the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock valued at $683,000 after buying an additional 6,700 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in DISH Network Corporation by 8.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 132,357 shares of the company’s stock valued at $7,178,000 after buying an additional 10,815 shares in the last quarter. Artemis Investment Management LLP grew its stake in DISH Network Corporation by 114.8% in the 3rd quarter. Artemis Investment Management LLP now owns 279,118 shares of the company’s stock valued at $15,134,000 after buying an additional 149,174 shares in the last quarter. Victory Capital Management Inc. grew its stake in DISH Network Corporation by 24.7% in the 3rd quarter. Victory Capital Management Inc. now owns 29,705 shares of the company’s stock valued at $1,611,000 after buying an additional 5,888 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in DISH Network Corporation in the 3rd quarter valued at approximately $947,000. Institutional investors and hedge funds own 48.76% of the company’s stock.
A number of research analysts recently weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $99.00 price objective on shares of DISH Network Corporation in a research note on Thursday, October 5th. Barclays PLC reduced their price objective on shares of DISH Network Corporation from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of DISH Network Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. BidaskClub lowered shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of DISH Network Corporation in a research note on Monday, September 25th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. DISH Network Corporation currently has a consensus rating of “Hold” and a consensus price target of $65.39.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the sale, the executive vice president now directly owns 165 shares of the company’s stock, valued at approximately $9,340.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,110 shares of company stock valued at $62,046 over the last ninety days. 49.30% of the stock is currently owned by insiders.
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DISH Network Corporation (NASDAQ DISH) opened at $50.61 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. DISH Network Corporation has a fifty-two week low of $46.07 and a fifty-two week high of $66.50. The company has a market cap of $23,543.32, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a net margin of 7.22% and a return on equity of 25.97%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. equities research analysts anticipate that DISH Network Corporation will post 2.03 earnings per share for the current year.
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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