Two Sigma Investments LP raised its position in DISH Network Corp (NASDAQ:DISH) by 223.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 382,606 shares of the company’s stock after purchasing an additional 264,461 shares during the quarter. Two Sigma Investments LP owned about 0.08% of DISH Network worth $18,269,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of DISH. Nationwide Fund Advisors boosted its holdings in DISH Network by 22.6% in the 3rd quarter. Nationwide Fund Advisors now owns 176,268 shares of the company’s stock valued at $9,559,000 after purchasing an additional 32,445 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in DISH Network by 24.7% in the 3rd quarter. Victory Capital Management Inc. now owns 29,705 shares of the company’s stock valued at $1,611,000 after purchasing an additional 5,888 shares during the last quarter. Prudential Financial Inc. boosted its holdings in DISH Network by 0.7% in the 3rd quarter. Prudential Financial Inc. now owns 314,995 shares of the company’s stock valued at $17,081,000 after purchasing an additional 2,240 shares during the last quarter. Toronto Dominion Bank boosted its holdings in DISH Network by 12.1% in the 3rd quarter. Toronto Dominion Bank now owns 86,356 shares of the company’s stock valued at $4,682,000 after purchasing an additional 9,303 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in DISH Network by 1.6% in the 3rd quarter. Rhumbline Advisers now owns 382,409 shares of the company’s stock valued at $20,738,000 after purchasing an additional 6,108 shares during the last quarter. Institutional investors own 48.17% of the company’s stock.
DISH has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 target price (down from $56.00) on shares of DISH Network in a report on Wednesday, November 22nd. Zacks Investment Research lowered shares of DISH Network from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Morgan Stanley lowered shares of DISH Network from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $75.00 to $55.00 in a report on Wednesday, January 17th. Citigroup upgraded shares of DISH Network from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Pivotal Research reiterated a “buy” rating and issued a $65.00 target price (down from $67.00) on shares of DISH Network in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. DISH Network presently has an average rating of “Hold” and a consensus price target of $62.25.
DISH Network Corp (NASDAQ DISH) opened at $40.76 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.18. DISH Network Corp has a fifty-two week low of $39.92 and a fifty-two week high of $66.50. The company has a market cap of $18,696.32, a P/E ratio of 10.04, a PEG ratio of -8.14 and a beta of 1.11.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. DISH Network had a net margin of 14.59% and a return on equity of 22.56%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. research analysts anticipate that DISH Network Corp will post 2.46 earnings per share for the current year.
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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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