Sirios Capital Management L P lowered its position in shares of DISH Network Corporation (NASDAQ:DISH) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 391,418 shares of the company’s stock after selling 15,038 shares during the period. DISH Network Corporation makes up 1.2% of Sirios Capital Management L P’s portfolio, making the stock its 26th largest position. Sirios Capital Management L P owned approximately 0.08% of DISH Network Corporation worth $24,565,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC boosted its stake in shares of DISH Network Corporation by 4.2% in 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 period. TRUE Private Wealth Advisors boosted its stake in shares of DISH Network Corporation by 0.9% in the second quarter. TRUE Private Wealth Advisors now owns 7,899 shares of the company’s stock worth $495,000 after buying an additional 74 shares during the period. Zweig DiMenna Associates LLC bought a new stake in shares of DISH Network Corporation during the second quarter worth approximately $1,700,000. American Century Companies Inc. boosted its stake in shares of DISH Network Corporation by 184.5% in the second quarter. American Century Companies Inc. now owns 1,430,365 shares of the company’s stock worth $89,770,000 after buying an additional 927,537 shares during the period. Finally, New South Capital Management Inc. boosted its stake in shares of DISH Network Corporation by 0.4% in the second quarter. New South Capital Management Inc. now owns 1,179,043 shares of the company’s stock worth $73,997,000 after buying an additional 4,655 shares during the period. Hedge funds and other institutional investors own 49.76% of the company’s stock.

Shares of DISH Network Corporation (NASDAQ DISH) traded up 0.56% on Friday, hitting $57.63. The company had a trading volume of 123,372 shares. The company has a market cap of $26.86 billion, a price-to-earnings ratio of 26.80 and a beta of 0.96. The company has a 50 day moving average of $61.90 and a 200-day moving average of $62.55. DISH Network Corporation has a 12-month low of $48.51 and a 12-month high of $66.50.

DISH Network Corporation (NASDAQ:DISH) last released its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 7.21% and a return on equity of 27.88%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. On average, analysts forecast that DISH Network Corporation will post $2.33 earnings per share for the current year.

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A number of equities research analysts have commented on the company. Guggenheim reiterated a “neutral” rating and set a $62.00 target price (down previously from $68.00) on shares of DISH Network Corporation in a report on Thursday. BidaskClub cut DISH Network Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. TheStreet cut DISH Network Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Telsey Advisory Group lowered their target price on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday, August 4th. Finally, Macquarie reiterated a “hold” rating and set a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $69.87.

In related news, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP R Stanton Dodge sold 1,000 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $66.20, for a total transaction of $66,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,100 shares of company stock valued at $1,565,779. 49.30% of the stock is owned by insiders.

DISH Network Corporation 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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Institutional Ownership by Quarter for DISH Network Corporation (NASDAQ:DISH)

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