Two Sigma Investments LP grew its position in shares of DISH Network Corp (NASDAQ:DISH) by 223.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 382,606 shares of the company’s stock after buying an additional 264,461 shares during the quarter. Two Sigma Investments LP owned 0.08% of DISH Network worth $18,269,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of DISH Network by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 2,319,059 shares of the company’s stock worth $110,494,000 after purchasing an additional 84,497 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of DISH Network by 129.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,188,079 shares of the company’s stock worth $56,731,000 after purchasing an additional 669,900 shares during the last quarter. Legal & General Group Plc increased its stake in shares of DISH Network by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 1,118,161 shares of the company’s stock worth $60,634,000 after purchasing an additional 70,398 shares during the last quarter. Sirios Capital Management L P increased its stake in shares of DISH Network by 18.6% during the 4th quarter. Sirios Capital Management L P now owns 934,589 shares of the company’s stock worth $44,627,000 after purchasing an additional 146,881 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of DISH Network by 4.6% during the 4th quarter. OppenheimerFunds Inc. now owns 867,788 shares of the company’s stock worth $41,437,000 after purchasing an additional 38,073 shares during the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on DISH shares. Zacks Investment Research lowered shares of DISH Network from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Morgan Stanley lowered shares of DISH Network from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $75.00 to $55.00 in a research note on Wednesday, January 17th. Citigroup upgraded shares of DISH Network from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Pivotal Research reiterated a “buy” rating and issued a $65.00 price objective (down from $67.00) on shares of DISH Network in a research note on Thursday, February 22nd. Finally, SunTrust Banks reduced their price objective on shares of DISH Network to $44.00 and set a “hold” rating for the company 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 assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $61.82.
Shares of NASDAQ DISH traded down $0.95 during mid-day trading on Friday, reaching $38.51. 3,019,423 shares of the company were exchanged, compared to its average volume of 2,274,130. DISH Network Corp has a 52 week low of $36.00 and a 52 week high of $66.50. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.61 and a current ratio of 0.68. The company has a market capitalization of $17,963.95, a P/E ratio of 15.16, a P/E/G ratio of -7.79 and a beta of 1.13.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. DISH Network had a net margin of 14.59% and a return on equity of 22.56%. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year. analysts forecast that DISH Network Corp will post 2.47 EPS for the current fiscal year.
In other DISH Network news, EVP Vivek Khemka sold 6,000 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey L. Mcschooler sold 739 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 7,190 shares of company stock valued at $279,087 over the last ninety days. 49.30% of the stock is currently owned by insiders.
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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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