DISH Network Corporation (DISH) Position Trimmed by American Century Companies Inc.
American Century Companies Inc. reduced its position in DISH Network Corporation (NASDAQ:DISH) by 64.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 505,119 shares of the company’s stock after selling 925,246 shares during the period. American Century Companies Inc. owned about 0.11% of DISH Network Corporation worth $27,393,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DISH. Gamco Investors INC. ET AL raised its stake in DISH Network Corporation by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock valued at $153,496,000 after buying an additional 25,695 shares during the last quarter. State of Wisconsin Investment Board raised its stake in DISH Network Corporation by 4.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 200,435 shares of the company’s stock valued at $10,870,000 after buying an additional 8,027 shares during the last quarter. Ray Gerald L & Associates Ltd. raised its stake in DISH Network Corporation by 113.6% during the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock valued at $683,000 after buying an additional 6,700 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in DISH Network Corporation by 8.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 132,357 shares of the company’s stock valued at $7,178,000 after buying an additional 10,815 shares during the last quarter. Finally, Artemis Investment Management LLP raised its stake in DISH Network Corporation by 114.8% during the 3rd quarter. Artemis Investment Management LLP now owns 279,118 shares of the company’s stock valued at $15,134,000 after buying an additional 149,174 shares during the last quarter. Institutional investors own 48.76% of the company’s stock.
In related news, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the transaction, the executive vice president now owns 165 shares of the company’s stock, valued at approximately $9,340.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 1,110 shares of company stock valued at $62,046. 49.30% of the stock is owned by insiders.
DISH has been the subject of a number of research reports. lowered shares of DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Morgan Stanley reiterated a “buy” rating and set a $75.00 target price on shares of DISH Network Corporation in a research note on Tuesday, October 17th. reduced their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. lowered DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, restated a “neutral” rating and issued a $62.00 price objective (down from $68.00) on shares of DISH Network Corporation in a research note on Thursday, August 24th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.39.
DISH Network Corporation (NASDAQ DISH) opened at $50.51 on Wednesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. DISH Network Corporation has a 1-year low of $46.07 and a 1-year high of $66.50. The company has a market cap of $23,706.46, a PE ratio of 18.70, a P/E/G ratio of 2.43 and a beta of 1.08.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a net margin of 7.22% and a return on equity of 25.97%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the business posted $0.64 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. research analysts expect that DISH Network Corporation will post 2.03 earnings per share for the current year.
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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