BlueCrest Capital Management Ltd cut its stake in DISH Network Corp (NASDAQ:DISH) by 99.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,445 shares of the company’s stock after selling 19,997,555 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in DISH Network were worth $594,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of DISH. Profund Advisors LLC lifted its position in shares of DISH Network by 7.0% during the fourth quarter. Profund Advisors LLC now owns 19,658 shares of the company’s stock worth $939,000 after purchasing an additional 1,283 shares during the last quarter. MANA Advisors LLC purchased a new position in shares of DISH Network during the fourth quarter valued at $907,000. Renaissance Technologies LLC increased its stake in shares of DISH Network by 129.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,188,079 shares of the company’s stock valued at $56,731,000 after buying an additional 669,900 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of DISH Network by 21.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 67,623 shares of the company’s stock valued at $3,229,000 after buying an additional 11,737 shares during the period. Finally, Leucadia National Corp purchased a new position in shares of DISH Network during the fourth quarter valued at $467,000. Institutional investors own 48.16% of the company’s stock.
NASDAQ:DISH traded down $0.95 during trading hours on Friday, reaching $38.51. The company had a trading volume of 3,009,881 shares, compared to its average volume of 2,274,130. The company has a market capitalization of $18,407.10, a PE ratio of 15.16, a PEG ratio of -7.98 and a beta of 1.13. DISH Network Corp has a 1-year low of $36.00 and a 1-year high of $66.50. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 2.18.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.52 billion. DISH Network had a return on equity of 22.56% and a net margin of 14.59%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. equities research analysts predict that DISH Network Corp will post 2.47 earnings per share for the current fiscal year.
In related news, EVP Jeffrey L. Mcschooler sold 739 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $37.66, for a total transaction of $27,830.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vivek Khemka sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $39.03, for a total value of $234,180.00. The disclosure for this sale can be found here. Insiders sold 7,190 shares of company stock valued at $279,087 over the last 90 days. Company insiders own 49.30% of the company’s stock.
DISH has been the topic of several research reports. Zacks Investment Research lowered DISH Network from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Pivotal Research reiterated a “buy” rating and issued a $65.00 target price (down previously from $67.00) on shares of DISH Network in a research note on Thursday, February 22nd. ValuEngine lowered DISH Network from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Cowen set a $54.00 target price on DISH Network and gave the company a “buy” rating in a research note on Monday, March 26th. Finally, SunTrust Banks cut their target price on DISH Network to $44.00 and set a “hold” rating on the stock in a research note on Thursday, March 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.82.
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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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