Elkfork Partners LLC decreased its position in DISH Network Corp (NASDAQ:DISH) by 18.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,856 shares of the company’s stock after selling 1,758 shares during the period. Elkfork Partners LLC’s holdings in DISH Network were worth $375,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in shares of DISH Network by 13.7% during the third quarter. Pacer Advisors Inc. now owns 8,611 shares of the company’s stock valued at $467,000 after acquiring an additional 1,040 shares during the last quarter. Norinchukin Bank The boosted its stake in shares of DISH Network by 7.4% during the third quarter. Norinchukin Bank The now owns 16,947 shares of the company’s stock valued at $919,000 after acquiring an additional 1,161 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of DISH Network by 7.0% during the fourth quarter. Profund Advisors LLC now owns 19,658 shares of the company’s stock valued at $939,000 after acquiring an additional 1,283 shares during the last quarter. MUFG Americas Holdings Corp boosted its stake in shares of DISH Network by 86.7% during the fourth quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock valued at $133,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of DISH Network by 3.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 44,180 shares of the company’s stock valued at $2,110,000 after acquiring an additional 1,406 shares during the last quarter. 48.15% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on DISH. SunTrust Banks decreased their price objective on DISH Network to $44.00 and set a “hold” rating on the stock in a research note on Thursday, March 1st. Zacks Investment Research lowered DISH Network from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Pivotal Research reaffirmed a “buy” rating and set a $65.00 price objective (down previously from $67.00) on shares of DISH Network in a research note on Thursday, February 22nd. Citigroup raised DISH Network from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley lowered DISH Network from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $75.00 to $55.00 in a research note on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.25.
Shares of DISH Network stock opened at $39.06 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.18. DISH Network Corp has a 52 week low of $38.58 and a 52 week high of $66.50. The stock has a market capitalization of $18,099.23, a PE ratio of 14.98, a price-to-earnings-growth ratio of -7.88 and a beta of 1.11.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. DISH Network had a return on equity of 22.56% and a net margin of 14.59%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the company earned $0.70 EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. equities analysts predict that DISH Network Corp will post 2.46 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2018/03/22/elkfork-partners-llc-lowers-holdings-in-dish-network-corp-dish.html.
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.
Want to see what other hedge funds are holding DISH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DISH Network Corp (NASDAQ:DISH).
Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.