AT Bancorp Buys New Position in Dish Network Corp. (DISH)
AT Bancorp bought a new position in shares of Dish Network Corp. (NASDAQ:DISH) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 28,004 shares of the company’s stock, valued at approximately $1,534,000.
A number of other large investors also recently made changes to their positions in the stock. Mycio Wealth Partners LLC bought a new stake in shares of Dish Network Corp. during the second quarter worth approximately $126,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Dish Network Corp. by 306.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the company’s stock worth $128,000 after buying an additional 1,841 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Dish Network Corp. during the second quarter worth $128,000. Mizuho Asset Management Co. Ltd. raised its position in shares of Dish Network Corp. by 109.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,165 shares of the company’s stock worth $166,000 after buying an additional 1,652 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Dish Network Corp. during the second quarter worth $209,000. Hedge funds and other institutional investors own 48.27% of the company’s stock.
Dish Network Corp. (NASDAQ:DISH) traded up 0.39% during trading on Monday, reaching $56.15. The company had a trading volume of 1,550,649 shares. The stock has a market cap of $26.10 billion, a P/E ratio of 29.99 and a beta of 1.05. The firm has a 50-day moving average price of $56.51 and a 200 day moving average price of $52.87. Dish Network Corp. has a 12-month low of $38.85 and a 12-month high of $63.80.
Dish Network Corp. (NASDAQ:DISH) last issued its earnings results on Wednesday, November 9th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Dish Network Corp. had a net margin of 6.48% and a return on equity of 40.84%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. Equities research analysts predict that Dish Network Corp. will post $3.01 EPS for the current fiscal year.
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DISH has been the topic of a number of recent analyst reports. Macquarie raised Dish Network Corp. from a “neutral” rating to an “outperform” rating and set a $62.00 price target on the stock in a research note on Tuesday, August 9th. Jefferies Group reissued a “buy” rating and set a $80.00 price target on shares of Dish Network Corp. in a research note on Friday, August 26th. Zacks Investment Research raised Dish Network Corp. from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, September 21st. Pivotal Research increased their price target on Dish Network Corp. from $82.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $85.00 price target on shares of Dish Network Corp. in a research note on Thursday, November 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.96.
In related news, insider Carl E. Vogel sold 30,000 shares of Dish Network Corp. stock in a transaction on Monday, September 26th. The shares were sold at an average price of $53.54, for a total value of $1,606,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 49.40% of the company’s stock.
About Dish Network Corp.
DISH Network Corporation is a holding company. The Company operates through two segments: DISH 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 (DBS) and Fixed Satellite Service (FSS) 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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