Bank of Montreal Can raised its stake in shares of DISH Network Corp (NASDAQ:DISH) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,588 shares of the company’s stock after purchasing an additional 26,310 shares during the period. Bank of Montreal Can owned 0.06% of DISH Network worth $13,112,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DISH. Sun Life Financial INC raised its position 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 during the period. Rockefeller Financial Services Inc. purchased a new stake in DISH Network in the 3rd quarter worth about $140,000. Quantbot Technologies LP purchased a new stake in DISH Network in the 3rd quarter worth about $154,000. Huntington National Bank raised its position in 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 during the period. Finally, Howe & Rusling Inc. purchased a new position in shares of DISH Network during the third quarter worth approximately $217,000. 48.47% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. Barclays reduced their target price on shares of DISH Network from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Morgan Stanley lowered shares of DISH Network from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $75.00 to $55.00 in a report on Wednesday, January 17th. Zacks Investment Research raised shares of DISH Network from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Citigroup raised shares of DISH Network from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Pivotal Research upgraded shares of DISH Network from a “hold” rating to a “buy” rating and lowered their target price for the company from $68.00 to $65.00 in a research note on Monday, November 6th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.81.
DISH Network Corp (NASDAQ:DISH) opened at $44.00 on Tuesday. DISH Network Corp has a fifty-two week low of $42.28 and a fifty-two 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. The firm has a market cap of $20,520.00, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.04.
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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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