Levin Capital Strategies L.P. cut its holdings in DISH Network Corp (NASDAQ:DISH) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,694 shares of the company’s stock after selling 2,470 shares during the quarter. Levin Capital Strategies L.P.’s holdings in DISH Network were worth $367,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MUFG Americas Holdings Corp boosted its holdings in shares of DISH Network by 86.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock valued at $133,000 after acquiring an additional 1,300 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new stake in shares of DISH Network in the third quarter valued at about $140,000. Quantbot Technologies LP purchased a new stake in shares of DISH Network in the third quarter valued at about $154,000. Arlington Partners LLC purchased a new stake in shares of DISH Network in the fourth quarter valued at about $191,000. Finally, Huntington National Bank boosted its holdings in shares of DISH Network by 47.1% in the third quarter. Huntington National Bank now owns 3,824 shares of the company’s stock valued at $207,000 after acquiring an additional 1,224 shares in the last quarter. Institutional investors own 48.47% of the company’s stock.
A number of analysts recently commented on the stock. Citigroup raised shares of DISH Network from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley downgraded shares of DISH Network from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $75.00 to $55.00 in a report on Wednesday, January 17th. Zacks Investment Research downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 price objective (down previously from $56.00) on shares of DISH Network in a report on Wednesday, November 22nd. Finally, SunTrust Banks reissued a “hold” rating and set a $60.00 price objective on shares of DISH Network in a report on Friday, November 10th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $62.81.
Shares of DISH Network Corp (NASDAQ:DISH) opened at $45.69 on Friday. DISH Network Corp has a fifty-two week low of $42.28 and a fifty-two week high of $66.50. The stock has a market cap of $21,307.85, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57.
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About DISH Network
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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