Engineers Gate Manager LP acquired a new stake in shares of DISH Network Corp (NASDAQ:DISH) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 38,024 shares of the company’s stock, valued at approximately $2,062,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ray Gerald L & Associates Ltd. lifted its holdings in DISH Network 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 in the last quarter. State of Tennessee Treasury Department lifted its holdings in DISH Network by 10.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock valued at $10,603,000 after buying an additional 15,978 shares in the last quarter. Swiss National Bank lifted its holdings in DISH Network by 3.3% during the 2nd quarter. Swiss National Bank now owns 829,109 shares of the company’s stock valued at $52,035,000 after buying an additional 26,200 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in DISH Network during the 2nd quarter valued at about $304,000. Finally, Quantitative Systematic Strategies LLC lifted its holdings in DISH Network by 33.9% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock valued at $308,000 after buying an additional 1,439 shares in the last quarter. Institutional investors own 48.58% of the company’s stock.
DISH Network Corp (NASDAQ DISH) opened at $48.59 on Friday. 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 Corp has a 12-month low of $46.07 and a 12-month high of $66.50. The stock has a market cap of $22,828.18, a P/E ratio of 18.00, a PEG ratio of 2.39 and a beta of 1.09.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. research analysts forecast that DISH Network Corp will post 1.98 earnings per share for the current year.
A number of research analysts have commented on DISH shares. Jefferies Group reissued a “buy” rating and set a $80.00 target price on shares of DISH Network in a research report on Monday, September 25th. Morgan Stanley reissued a “buy” rating and set a $75.00 target price on shares of DISH Network in a research report on Tuesday, October 17th. Deutsche Bank reissued a “buy” rating and set a $99.00 target price on shares of DISH Network in a research report on Thursday, October 5th. Pivotal Research raised shares of DISH Network from a “hold” rating to a “buy” rating and cut their target price for the company from $68.00 to $65.00 in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of DISH Network from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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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