Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of DISH Network Corporation (NASDAQ:DISH) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 630,790 shares of the company’s stock after buying an additional 12,120 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.14% of DISH Network Corporation worth $39,588,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Elkfork Partners LLC acquired a new stake in DISH Network Corporation during the first quarter worth $110,000. Bronfman E.L. Rothschild L.P. increased its stake in DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock worth $121,000 after buying an additional 1,859 shares during the period. Meadow Creek Investment Management LLC acquired a new stake in DISH Network Corporation during the first quarter worth $141,000. First Manhattan Co. increased its stake in DISH Network Corporation by 35.0% in the first quarter. First Manhattan Co. now owns 2,700 shares of the company’s stock worth $147,000 after buying an additional 700 shares during the period. Finally, Huntington National Bank increased its stake in DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock worth $147,000 after buying an additional 19 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) opened at 56.64 on Friday. The stock’s 50 day moving average price is $61.72 and its 200-day moving average price is $62.51. The firm has a market capitalization of $26.40 billion, a PE ratio of 26.34 and a beta of 0.96. DISH Network Corporation has a 12 month low of $48.88 and a 12 month high of $66.50.

DISH Network Corporation (NASDAQ:DISH) last issued 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. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business earned $0.88 EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that DISH Network Corporation will post $2.33 earnings per share for the current fiscal year.

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DISH has been the topic of a number of research analyst reports. UBS AG reiterated a “neutral” rating and set a $68.00 target price (up from $63.00) on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Macquarie restated a “hold” rating and issued a $65.00 price objective on shares of DISH Network Corporation in a research report on Monday, May 1st. Wells Fargo & Company restated an “outperform” rating on shares of DISH Network Corporation in a research report on Wednesday, June 28th. Hilliard Lyons downgraded DISH Network Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Finally, Goldman Sachs Group, Inc. (The) reduced their price objective on DISH Network Corporation from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. DISH Network Corporation presently has a consensus rating of “Hold” and an average price target of $69.87.

In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP R Stanton Dodge sold 1,000 shares of the firm’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 transaction of $66,200.00. The disclosure for this sale can be found here. Insiders sold 26,100 shares of company stock worth $1,565,779 in the last 90 days. Company insiders own 49.30% of the company’s stock.

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.

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

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