Cibc World Markets Corp increased its position in shares of DISH Network Corporation (NASDAQ:DISH) by 107.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,078 shares of the company’s stock after purchasing an additional 25,374 shares during the period. Cibc World Markets Corp’s holdings in DISH Network Corporation were worth $3,080,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its stake in shares of DISH Network Corporation by 11.9% during the first quarter. Legal & General Group Plc now owns 1,011,474 shares of the company’s stock worth $64,219,000 after purchasing an additional 107,371 shares in the last quarter. State of Tennessee Treasury Department grew its stake in shares of DISH Network Corporation by 10.4% during the second quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock worth $10,603,000 after purchasing an additional 15,978 shares in the last quarter. Swiss National Bank grew its stake in shares of DISH Network Corporation by 3.3% during the second quarter. Swiss National Bank now owns 829,109 shares of the company’s stock worth $52,035,000 after purchasing an additional 26,200 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of DISH Network Corporation by 44.8% during the first quarter. Geode Capital Management LLC now owns 2,162,521 shares of the company’s stock worth $137,101,000 after purchasing an additional 669,308 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of DISH Network Corporation during the second quarter worth $304,000. Hedge funds and other institutional investors own 48.93% of the company’s stock.

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Shares of DISH Network Corporation (DISH) opened at 53.31 on Thursday. The stock has a 50 day moving average of $57.41 and a 200-day moving average of $61.78. DISH Network Corporation has a one year low of $52.14 and a one year high of $66.50. The stock has a market capitalization of $24.85 billion, a PE ratio of 24.80 and a beta of 0.98.

DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Equities analysts predict that DISH Network Corporation will post $2.22 earnings per share for the current fiscal year.

A number of brokerages recently commented on DISH. BidaskClub upgraded shares of DISH Network Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Wunderlich reiterated a “sell” rating and set a $54.00 target price on shares of DISH Network Corporation in a research note on Monday, June 12th. Citigroup Inc. downgraded shares of DISH Network Corporation from a “buy” rating to a “sell” rating and lowered their target price for the stock from $94.00 to $52.00 in a research note on Wednesday, July 26th. Macquarie reiterated a “hold” rating and set a $68.00 target price on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $68.76.

In other news, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation 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 $9,340.65. The disclosure for this sale can be found here. Insiders sold a total of 25,885 shares of company stock valued at $1,544,018 over the last ninety 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.

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

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