Federated Investors Inc. PA Acquires 15,647 Shares of DISH Network Corporation (DISH)
Federated Investors Inc. PA lifted its holdings in shares of DISH Network Corporation (NASDAQ:DISH) by 178.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,418 shares of the company’s stock after acquiring an additional 15,647 shares during the quarter. Federated Investors Inc. PA’s holdings in DISH Network Corporation were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Elkfork Partners LLC acquired a new position in shares of DISH Network Corporation during the 1st quarter valued at $110,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of DISH Network Corporation by 3,872.9% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after acquiring an additional 1,859 shares in the last quarter. Meadow Creek Investment Management LLC acquired a new position in shares of DISH Network Corporation during the 1st quarter valued at $141,000. Invictus RG acquired a new position in shares of DISH Network Corporation during the 1st quarter valued at $160,000. Finally, Huntington National Bank lifted its holdings in shares of DISH Network Corporation by 12.1% during the 2nd quarter. Huntington National Bank now owns 2,600 shares of the company’s stock valued at $163,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.
Shares of DISH Network Corporation (DISH) opened at 54.59 on Wednesday. The stock has a 50 day moving average of $59.24 and a 200 day moving average of $62.14. DISH Network Corporation has a 52-week low of $49.42 and a 52-week high of $66.50. The company has a market cap of $25.45 billion, a P/E ratio of 25.39 and a beta of 0.98.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly 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 the consensus estimate of $3.71 billion. During the same period last year, the company earned $0.88 earnings per share. DISH Network Corporation’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that DISH Network Corporation will post $2.23 earnings per share for the current fiscal year.
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Several research firms recently weighed in on DISH. BidaskClub upgraded shares of DISH Network Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Wunderlich restated a “sell” rating and set a $54.00 target price on shares of DISH Network Corporation in a report on Monday, June 12th. Citigroup Inc. lowered shares of DISH Network Corporation from a “buy” rating to a “sell” rating and reduced their target price for the company from $94.00 to $52.00 in a report on Wednesday, July 26th. Macquarie restated a “hold” rating and set a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of DISH Network Corporation in a report on Wednesday, June 28th. Four investment 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 stock currently has an average rating of “Hold” and an average price target of $69.87.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the transaction, the executive vice president now directly owns 165 shares of the company’s stock, valued at approximately $9,340.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction dated 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 three months, insiders sold 25,885 shares of company stock valued at $1,544,018. 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.
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