Exxonmobil Investment Management Inc. TX lessened its position in DISH Network Corp (NASDAQ:DISH) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,241 shares of the company’s stock after selling 5,336 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in DISH Network were worth $1,731,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its holdings in shares of DISH Network by 20,725.0% in the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after acquiring an additional 1,658 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of DISH Network by 32.2% in the 2nd quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock worth $1,593,000 after acquiring an additional 426 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of DISH Network in the 3rd quarter worth about $140,000. Quantbot Technologies LP bought a new stake in shares of DISH Network in the 3rd quarter worth about $154,000. Finally, Huntington National Bank lifted its holdings in DISH Network by 47.1% during the 3rd quarter. Huntington National Bank now owns 3,824 shares of the company’s stock valued at $207,000 after buying an additional 1,224 shares in the last quarter. Hedge funds and other institutional investors own 48.54% of the company’s stock.
DISH Network Corp (NASDAQ DISH) opened at $47.99 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. The company has a market cap of $23,075.34, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09. DISH Network Corp has a 12-month low of $46.07 and a 12-month high of $66.50.
DISH Network (NASDAQ:DISH) last posted its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.60 billion. DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. equities research analysts expect that DISH Network Corp will post 1.98 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Moffett Nathanson reiterated a “sell” rating and set a $37.00 price objective (down previously from $45.00) on shares of DISH Network in a report on Tuesday, September 26th. decreased their price objective on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and set a $80.00 price objective on shares of DISH Network in a report on Monday, September 25th. Zacks Investment Research lowered shares of DISH Network from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Macquarie reiterated a “hold” rating and set a $60.00 price objective (down previously from $68.00) on shares of DISH Network in a report on Monday, October 2nd. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. DISH Network presently has an average rating of “Hold” and an average target price of $63.92.
DISH Network 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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