Glacier Peak Capital LLC Invests $6.08 Million in DISH Network Corp (NASDAQ:DISH) Stock

Glacier Peak Capital LLC purchased a new stake in DISH Network Corp (NASDAQ:DISH) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 112,073 shares of the company’s stock, valued at approximately $6,078,000. DISH Network accounts for about 7.8% of Glacier Peak Capital LLC’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds have also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of DISH Network in the fourth quarter valued at $105,000. MUFG Americas Holdings Corp grew its position 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 purchasing an additional 1,300 shares during the period. Quantbot Technologies LP purchased a new stake in shares of DISH Network in the third quarter valued at $154,000. Tower Research Capital LLC TRC grew its position in shares of DISH Network by 249.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,355 shares of the company’s stock valued at $160,000 after purchasing an additional 2,394 shares during the period. Finally, Arlington Partners LLC acquired a new position in DISH Network in the fourth quarter valued at $191,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

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Shares of DISH stock opened at $38.51 on Friday. The company has a market capitalization of $18,089.90, a P/E ratio of 15.16, a price-to-earnings-growth ratio of -7.84 and a beta of 1.13. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.68 and a quick ratio of 0.61. DISH Network Corp has a 12-month low of $36.00 and a 12-month high of $66.50.

DISH Network (NASDAQ:DISH) last released its earnings results on Wednesday, February 21st. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.52 billion. DISH Network had a return on equity of 22.56% and a net margin of 14.59%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. equities research analysts forecast that DISH Network Corp will post 2.47 EPS for the current fiscal year.

In other news, EVP Jeffrey L. Mcschooler sold 739 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vivek Khemka sold 6,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were 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. 49.30% of the stock is currently owned by insiders.

A number of research analysts recently weighed in on the company. ValuEngine cut DISH Network from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Cowen set a $54.00 price objective on DISH Network and gave the stock a “buy” rating in a research note on Monday, March 26th. Moffett Nathanson upgraded DISH Network from a “sell” rating to a “neutral” rating and set a $37.00 price objective on the stock in a research note on Friday, March 23rd. They noted that the move was a valuation call. SunTrust Banks reduced their price objective on DISH Network to $44.00 and set a “hold” rating on the stock in a research note on Thursday, March 1st. Finally, Zacks Investment Research cut DISH Network from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.82.

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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.

Institutional Ownership by Quarter for DISH Network (NASDAQ:DISH)

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