Engineers Gate Manager LP lifted its stake in DISH Network Corp (NASDAQ:DISH) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,995 shares of the company’s stock after purchasing an additional 2,971 shares during the quarter. Engineers Gate Manager LP’s holdings in DISH Network were worth $1,958,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC raised its position in shares of DISH Network by 157.3% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 14,621 shares of the company’s stock valued at $698,000 after purchasing an additional 8,938 shares during the last quarter. Parametrica Management Ltd acquired a new position in DISH Network in the 4th quarter worth approximately $314,000. Wedge Capital Management L L P NC grew its stake in shares of DISH Network by 14.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 151,221 shares of the company’s stock worth $7,221,000 after purchasing an additional 18,864 shares during the period. Mad River Investors grew its stake in shares of DISH Network by 4.0% during the 4th quarter. Mad River Investors now owns 50,475 shares of the company’s stock worth $2,410,000 after purchasing an additional 1,950 shares during the period. Finally, Arlington Partners LLC acquired a new stake in shares of DISH Network during the 4th quarter worth approximately $191,000. 48.47% of the stock is owned by hedge funds and other institutional investors.
DISH has been the topic of a number of analyst reports. dropped their price objective on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, October 17th. Morgan Stanley reiterated a “buy” rating and set a $75.00 target price on shares of DISH Network in a research report on Tuesday, October 17th. Zacks Investment Research upgraded DISH Network from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Pivotal Research upgraded DISH Network from a “hold” rating to a “buy” rating and decreased their target price for the company from $68.00 to $65.00 in a research report on Monday, November 6th. Finally, UBS Group decreased their target price on DISH Network from $68.00 to $56.00 and set a “neutral” rating on the stock in a research 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 assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $62.81.
Shares of DISH Network Corp (NASDAQ:DISH) traded up $0.33 during trading on Wednesday, hitting $44.33. The stock had a trading volume of 2,108,600 shares, compared to its average volume of 2,455,616. DISH Network Corp has a 1-year low of $42.28 and a 1-year high of $66.50. The firm has a market capitalization of $20,519.71, a P/E ratio of 20.73, a PEG ratio of 1.92 and a beta of 1.04. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.57 and a current ratio of 0.63.
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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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