YHB Investment Advisors Inc. boosted its holdings in DISH Network Corp (NASDAQ:DISH) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,900 shares of the company’s stock after acquiring an additional 3,255 shares during the quarter. YHB Investment Advisors Inc.’s holdings in DISH Network were worth $3,051,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sun Life Financial INC boosted its holdings in shares of 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 shares of DISH Network in the 3rd quarter worth about $140,000. Quantbot Technologies LP purchased a new position in shares of DISH Network in the 3rd quarter worth about $154,000. Huntington National Bank boosted its holdings in shares of DISH Network by 47.1% in the 3rd quarter. Huntington National Bank now owns 3,824 shares of the company’s stock worth $207,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Howe & Rusling Inc. purchased a new position in shares of DISH Network in the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 48.54% of the company’s stock.
Shares of DISH Network Corp (NASDAQ DISH) traded up $0.23 during mid-day trading on Tuesday, reaching $49.48. The company had a trading volume of 1,461,500 shares, compared to its average volume of 1,934,033. The stock has a market cap of $23,075.34, a PE ratio of 23.34, a PEG ratio of 2.25 and a beta of 1.09. DISH Network Corp has a 52 week low of $46.07 and a 52 week high of $66.50. 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 (NASDAQ:DISH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. research analysts anticipate that DISH Network Corp will post 1.98 EPS for the current fiscal year.
DISH has been the subject of a number of research reports. Morgan Stanley reiterated a “buy” rating and issued a $75.00 price objective on shares of DISH Network in a report on Tuesday, October 17th. Zacks Investment Research cut DISH Network from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Moffett Nathanson restated a “sell” rating and set a $37.00 target price (down from $45.00) on shares of DISH Network in a report on Tuesday, September 26th. UBS Group dropped their target price on DISH Network from $68.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Finally, SunTrust Banks restated a “hold” rating and set a $60.00 target price on shares of DISH Network in a report on Friday, November 10th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $63.92.
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DISH Network 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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