Fox Run Management L.L.C. acquired a new position in shares of DISH Network Corp (NASDAQ:DISH) during the fourth quarter, Holdings Channel reports. The fund acquired 11,537 shares of the company’s stock, valued at approximately $288,000.
A number of other hedge funds also recently added to or reduced their stakes in DISH. Dodge & Cox boosted its holdings in DISH Network by 13.9% during the third quarter. Dodge & Cox now owns 18,756,046 shares of the company’s stock worth $670,716,000 after buying an additional 2,291,800 shares in the last quarter. Vanguard Group Inc boosted its holdings in DISH Network by 1.4% during the third quarter. Vanguard Group Inc now owns 18,882,286 shares of the company’s stock worth $675,230,000 after buying an additional 268,390 shares in the last quarter. Vanguard Group Inc. boosted its holdings in DISH Network by 1.4% during the third quarter. Vanguard Group Inc. now owns 18,882,286 shares of the company’s stock worth $675,230,000 after buying an additional 268,390 shares in the last quarter. Prudential Financial Inc. raised its position in DISH Network by 106.2% during the third quarter. Prudential Financial Inc. now owns 513,652 shares of the company’s stock worth $18,369,000 after acquiring an additional 264,507 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in DISH Network by 194.4% during the third quarter. Renaissance Technologies LLC now owns 299,979 shares of the company’s stock worth $10,727,000 after acquiring an additional 198,100 shares during the last quarter. 48.61% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider James Defranco purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was purchased at an average price of $32.98 per share, with a total value of $494,700.00. Following the completion of the transaction, the insider now owns 1,233,529 shares of the company’s stock, valued at approximately $40,681,786.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders bought 230,000 shares of company stock valued at $6,713,350. Company insiders own 49.20% of the company’s stock.
NASDAQ:DISH opened at $29.80 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $13.94 billion, a PE ratio of 10.21 and a beta of 1.39. DISH Network Corp has a 1-year low of $23.22 and a 1-year high of $48.21.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.40 billion. DISH Network had a net margin of 19.01% and a return on equity of 20.26%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. Research analysts anticipate that DISH Network Corp will post 2.92 earnings per share for the current fiscal year.
A number of brokerages have issued reports on DISH. Macquarie cut shares of DISH Network from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $36.00 to $31.00 in a research report on Tuesday, October 23rd. JPMorgan Chase & Co. cut their target price on shares of DISH Network to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 8th. Wolfe Research began coverage on shares of DISH Network in a research report on Friday, December 7th. They set a “market perform” rating for the company. Royal Bank of Canada set a $40.00 target price on shares of DISH Network and gave the stock a “hold” rating in a research report on Monday, November 19th. Finally, Morgan Stanley cut their target price on shares of DISH Network from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, December 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.07.
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About DISH Network
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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