Raymond James Financial Services Advisors Inc. increased its stake in shares of DISH Network Corp (NASDAQ:DISH) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,741 shares of the company’s stock after buying an additional 12,582 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in DISH Network were worth $1,966,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Highstreet Asset Management Inc. grew its stake in DISH Network by 4.9% during the fourth quarter. Highstreet Asset Management Inc. now owns 24,664 shares of the company’s stock valued at $616,000 after acquiring an additional 1,152 shares in the last quarter. New York State Common Retirement Fund grew its stake in DISH Network by 2.8% during the fourth quarter. New York State Common Retirement Fund now owns 999,799 shares of the company’s stock valued at $24,965,000 after acquiring an additional 27,300 shares in the last quarter. Norinchukin Bank The lifted its position in DISH Network by 42.5% during the fourth quarter. Norinchukin Bank The now owns 41,996 shares of the company’s stock valued at $1,049,000 after purchasing an additional 12,532 shares during the last quarter. 361 Capital LLC bought a new stake in DISH Network during the fourth quarter valued at approximately $1,235,000. Finally, Acadian Asset Management LLC bought a new stake in DISH Network during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 48.06% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of DISH Network from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. BidaskClub upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Barclays lowered shares of DISH Network from an “overweight” rating to an “equal weight” rating and set a $31.00 target price for the company. in a research report on Thursday, February 14th. Royal Bank of Canada set a $40.00 target price on shares of DISH Network and gave the company a “hold” rating in a research report on Monday, November 19th. Finally, Moffett Nathanson upgraded shares of DISH Network from a “sell” rating to a “neutral” rating in a research report on Thursday, January 3rd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. DISH Network presently has a consensus rating of “Hold” and an average price target of $37.71.
Shares of DISH opened at $32.57 on Friday. The company has a market capitalization of $15.24 billion, a PE ratio of 10.86 and a beta of 1.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.69 and a quick ratio of 0.63. DISH Network Corp has a fifty-two week low of $23.22 and a fifty-two week high of $41.34.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Wednesday, February 13th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.03). The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. DISH Network had a return on equity of 19.71% and a net margin of 11.56%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Equities research analysts expect that DISH Network Corp will post 2.53 earnings per share for the current year.
In other DISH Network news, insider James Defranco acquired 5,000 shares of the stock in a transaction dated Monday, February 11th. The stock was purchased at an average cost of $31.67 per share, for a total transaction of $158,350.00. Following the acquisition, the insider now owns 1,503,529 shares in the company, valued at approximately $47,616,763.43. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 195,000 shares of company stock valued at $5,512,000. Company insiders own 49.20% of the company’s stock.
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DISH Network Company Profile
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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