DISH Network Corporation (DISH) Holdings Reduced by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC cut its position in DISH Network Corporation (NASDAQ:DISH) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,360 shares of the company’s stock after selling 630 shares during the period. Virtu KCG Holdings LLC’s holdings in DISH Network Corporation were worth $901,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its position in shares of DISH Network Corporation by 12.3% during the first quarter. UBS Asset Management Americas Inc. now owns 580,816 shares of the company’s stock worth $36,876,000 after purchasing an additional 63,657 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of DISH Network Corporation by 2.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 158,228 shares of the company’s stock valued at $10,046,000 after buying an additional 3,388 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of DISH Network Corporation in the 1st quarter valued at $1,743,000. Ameritas Investment Partners Inc. grew its holdings in shares of DISH Network Corporation by 137.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 9,480 shares of the company’s stock valued at $602,000 after buying an additional 5,487 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of DISH Network Corporation by 34.0% in the 1st quarter. Nordea Investment Management AB now owns 11,020 shares of the company’s stock valued at $700,000 after buying an additional 2,798 shares during the period. Institutional investors own 48.93% of the company’s stock.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now owns 165 shares in the company, valued at $9,340.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation 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 disclosure for this sale can be found here. Insiders own 49.30% of the company’s stock.
DISH Network Corporation (NASDAQ DISH) opened at 53.83 on Tuesday. The firm has a 50-day moving average price of $55.50 and a 200-day moving average price of $61.16. DISH Network Corporation has a 1-year low of $52.14 and a 1-year high of $66.50. The company has a market capitalization of $25.09 billion, a P/E ratio of 25.04 and a beta of 0.99.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results 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). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The business 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 company earned $0.88 EPS. The company’s revenue was down 5.7% on a year-over-year basis. On average, analysts forecast that DISH Network Corporation will post $2.22 EPS for the current fiscal year.
DISH has been the topic of several recent analyst reports. BidaskClub lowered DISH Network Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Telsey Advisory Group lowered their price target on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, August 4th. Guggenheim restated a “neutral” rating and issued a $62.00 price target (down from $68.00) on shares of DISH Network Corporation in a report on Thursday, August 24th. Citigroup Inc. raised DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price target on the stock in a research report on Friday, September 15th. Finally, Macquarie reaffirmed a “hold” rating and set a $68.00 price target on shares of DISH Network Corporation in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.34.
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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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