Profund Advisors LLC grew its stake in shares of DISH Network Corp (NASDAQ:DISH) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,658 shares of the company’s stock after buying an additional 1,283 shares during the quarter. Profund Advisors LLC’s holdings in DISH Network were worth $939,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in DISH Network by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 2,319,059 shares of the company’s stock valued at $110,494,000 after acquiring an additional 84,497 shares during the last quarter. Renaissance Technologies LLC raised its holdings 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 purchasing an additional 669,900 shares during the period. Legal & General Group Plc raised its holdings in shares of DISH Network by 6.7% during the third quarter. Legal & General Group Plc now owns 1,118,161 shares of the company’s stock valued at $60,634,000 after purchasing an additional 70,398 shares during the period. Sirios Capital Management L P raised its holdings in shares of DISH Network by 18.6% during the fourth quarter. Sirios Capital Management L P now owns 934,589 shares of the company’s stock valued at $44,627,000 after purchasing an additional 146,881 shares during the period. Finally, OppenheimerFunds Inc. raised its holdings in shares of DISH Network by 4.6% during the fourth quarter. OppenheimerFunds Inc. now owns 867,788 shares of the company’s stock valued at $41,437,000 after purchasing an additional 38,073 shares during the period. 48.16% of the stock is currently owned by institutional investors.
DISH Network stock traded down $0.95 during trading hours on Friday, reaching $38.51. The stock had a trading volume of 3,009,881 shares, compared to its average volume of 2,274,130. The firm has a market cap of $18,407.10, a PE ratio of 15.16, a price-to-earnings-growth ratio of -7.98 and a beta of 1.13. DISH Network Corp has a 52 week low of $36.00 and a 52 week high of $66.50. 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 (NASDAQ:DISH) last announced its earnings results on Wednesday, February 21st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.52 billion. DISH Network had a net margin of 14.59% and a return on equity of 22.56%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS. sell-side analysts expect that DISH Network Corp will post 2.47 earnings per share for the current fiscal year.
DISH has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of DISH Network from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Pivotal Research reaffirmed a “buy” rating and issued a $65.00 price objective (down from $67.00) on shares of DISH Network in a research report on Thursday, February 22nd. Morgan Stanley downgraded shares of DISH Network from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $75.00 to $55.00 in a research report on Wednesday, January 17th. Moffett Nathanson raised shares of DISH Network from a “sell” rating to a “neutral” rating and set a $37.00 price objective for the company in a report on Friday, March 23rd. They noted that the move was a valuation call. Finally, SunTrust Banks cut their price objective on shares of DISH Network to $44.00 and set a “hold” rating for the company in a report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.82.
In related news, EVP Vivek Khemka sold 6,000 shares of DISH Network stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $39.03, for a total transaction of $234,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey L. Mcschooler sold 739 shares of DISH Network stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $37.66, for a total transaction of $27,830.74. The disclosure for this sale can be found here. Insiders have sold a total of 7,190 shares of company stock worth $279,087 in the last ninety days. Insiders own 49.30% of the company’s stock.
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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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