Legal & General Group Plc grew its holdings in DISH Network Corp (NASDAQ:DISH) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118,161 shares of the company’s stock after purchasing an additional 70,398 shares during the quarter. Legal & General Group Plc owned about 0.24% of DISH Network worth $60,634,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DISH. Sun Life Financial INC lifted its stake in DISH Network by 20,725.0% in the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after purchasing an additional 1,658 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new position in DISH Network in the 3rd quarter worth approximately $140,000. Quantbot Technologies LP purchased a new position in DISH Network in the 3rd quarter worth approximately $154,000. Paradigm Asset Management Co. LLC lifted its stake in DISH Network by 4.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in DISH Network by 123.9% in the 2nd quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock worth $189,000 after purchasing an additional 1,665 shares in the last quarter. 48.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of DISH Network Corp (NASDAQ DISH) opened at $51.60 on Tuesday. The stock has a market cap of $24,060.00, a P/E ratio of 18.50, a PEG ratio of 2.46 and a beta of 1.09. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network Corp has a 1-year low of $46.07 and a 1-year high of $66.50.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 EPS. research analysts forecast that DISH Network Corp will post 1.98 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the stock. Guggenheim reissued a “neutral” rating and issued a $62.00 target price (down from $68.00) on shares of DISH Network in a research note on Thursday, August 24th. Wells Fargo & Company reissued an “outperform” rating and issued a $88.50 target price on shares of DISH Network in a research note on Thursday, August 31st. BidaskClub lowered shares of DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Macquarie reissued a “hold” rating and issued a $60.00 target price (down from $68.00) on shares of DISH Network in a research note on Monday, October 2nd. Finally, Deutsche Bank reissued a “buy” rating and issued a $99.00 target price on shares of DISH Network in a research note on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $63.92.
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DISH Network 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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