Sumitomo Mitsui Trust Holdings Inc. reduced its position in DISH Network Corporation (NASDAQ:DISH) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 624,115 shares of the company’s stock after selling 6,675 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.13% of DISH Network Corporation worth $33,846,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of DISH Network Corporation by 4.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 56,644 shares of the company’s stock worth $3,072,000 after purchasing an additional 2,379 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of DISH Network Corporation by 12.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 73,515 shares of the company’s stock worth $4,339,000 after purchasing an additional 8,242 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of DISH Network Corporation in the 3rd quarter worth about $351,000. Rhumbline Advisers boosted its holdings in shares of DISH Network Corporation by 1.6% in the 3rd quarter. Rhumbline Advisers now owns 382,409 shares of the company’s stock worth $20,738,000 after purchasing an additional 6,108 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of DISH Network Corporation by 12.1% in the 3rd quarter. Toronto Dominion Bank now owns 86,356 shares of the company’s stock worth $4,682,000 after purchasing an additional 9,303 shares in the last quarter. Hedge funds and other institutional investors own 48.26% of the company’s stock.
DISH has been the subject of several analyst reports. Telsey Advisory Group dropped their target price on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, August 4th. BidaskClub cut DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 6th. Barclays PLC dropped their target price on DISH Network Corporation from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Moffett Nathanson restated a “sell” rating and set a $37.00 target price (down from $45.00) on shares of DISH Network Corporation in a report on Tuesday, September 26th. Finally, TheStreet cut DISH Network Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. DISH Network Corporation presently has a consensus rating of “Hold” and an average target price of $63.92.
In other news, 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 completion of the transaction, the executive vice president now owns 165 shares of the company’s stock, valued at approximately $9,340.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,110 shares of company stock valued at $62,046 in the last three months. Corporate insiders own 49.30% of the company’s stock.
DISH Network Corporation (NASDAQ:DISH) opened at $50.43 on Thursday. DISH Network Corporation has a 52-week low of $46.07 and a 52-week high of $66.50. The stock has a market capitalization of $23,336.50, a P/E ratio of 18.40, a PEG ratio of 2.43 and a beta of 1.08. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a return on equity of 25.97% and a net margin of 7.22%. 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 prior year, the company posted $0.64 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. research analysts expect that DISH Network Corporation will post 1.99 earnings per share for the current fiscal 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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