DISH Network Corporation (DISH) Stake Raised by Marshall Wace LLP
Marshall Wace LLP boosted its stake in DISH Network Corporation (NASDAQ:DISH) by 643.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,670 shares of the company’s stock after buying an additional 65,497 shares during the period. Marshall Wace LLP’s holdings in DISH Network Corporation were worth $4,767,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock valued at $147,000 after buying an additional 19 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of DISH Network Corporation by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 12,835 shares of the company’s stock worth $806,000 after buying an additional 48 shares during the period. Private Capital Advisors Inc. raised its position in shares of DISH Network Corporation by 0.7% in the second quarter. Private Capital Advisors Inc. now owns 10,772 shares of the company’s stock worth $676,000 after buying an additional 72 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of DISH Network Corporation by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,043 shares of the company’s stock worth $359,000 after buying an additional 182 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of DISH Network Corporation by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $885,000 after buying an additional 200 shares during the period. Institutional investors own 49.76% of the company’s stock.
Shares of DISH Network Corporation (NASDAQ:DISH) opened at 56.84 on Monday. The company has a market cap of $26.49 billion, a P/E ratio of 26.44 and a beta of 0.96. DISH Network Corporation has a 12-month low of $48.51 and a 12-month high of $66.50. The firm has a 50-day moving average of $62.52 and a 200-day moving average of $62.65.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.67. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Analysts predict that DISH Network Corporation will post $2.37 EPS for the current year.
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A number of research analysts recently commented on DISH shares. BidaskClub lowered shares of DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Telsey Advisory Group decreased their price target on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a research note on Friday, August 4th. Pivotal Research lowered shares of DISH Network Corporation from a “buy” rating to a “hold” rating and decreased their price target for the company from $86.00 to $70.00 in a research note on Monday, May 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price target on shares of DISH Network Corporation in a research note on Tuesday, May 2nd. Finally, Macquarie reiterated a “hold” rating and issued a $68.00 price target on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.31.
In other news, EVP R Stanton Dodge sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $66.20, for a total value of $66,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,100 shares of company stock valued at $1,565,779. Company insiders own 49.30% of the company’s stock.
About DISH Network Corporation
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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