Canada Pension Plan Investment Board trimmed its stake in shares of DISH Network Corp (NASDAQ:DISH) by 70.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,805 shares of the company’s stock after selling 45,706 shares during the period. Canada Pension Plan Investment Board’s holdings in DISH Network were worth $1,020,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Sun Life Financial INC lifted its position in shares of DISH Network by 20,725.0% during the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after purchasing an additional 1,658 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of DISH Network by 32.2% during the second quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock worth $1,593,000 after purchasing an additional 426 shares in the last quarter. Paradigm Asset Management Co. LLC raised its stake 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 worth $157,000 after buying an additional 100 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of DISH Network during the third quarter worth approximately $140,000. Finally, Huntington National Bank raised its stake in shares of DISH Network by 12.1% during the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after buying an additional 281 shares during the last quarter. Institutional investors own 48.58% of the company’s stock.
DISH has been the subject of a number of recent research reports. Wells Fargo & Company reissued an “outperform” rating and set a $88.50 price target on shares of DISH Network in a research note on Thursday, August 31st. Morgan Stanley reissued a “buy” rating and set a $75.00 price target on shares of DISH Network in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Pivotal Research raised shares of DISH Network from a “hold” rating to a “buy” rating and dropped their price target for the stock from $68.00 to $65.00 in a research note on Monday, November 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $54.00 target price (down previously from $56.00) on shares of DISH Network in a research note on Wednesday, November 22nd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.92.
Shares of DISH Network Corp (DISH) traded down $2.72 on Wednesday, reaching $49.31. 3,568,643 shares of the company traded hands, compared to its average volume of 2,678,151. DISH Network Corp has a fifty-two week low of $46.07 and a fifty-two week high of $66.50. The firm has a market capitalization of $24,064.02, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. 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 (NASDAQ:DISH) last announced its 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). The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. equities research analysts predict that DISH Network Corp will post 1.98 EPS for the current year.
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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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