State Street Corp trimmed its holdings in DISH Network Corporation (NASDAQ:DISH) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,976,727 shares of the company’s stock after selling 93,116 shares during the period. State Street Corp owned 1.93% of DISH Network Corporation worth $563,377,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in DISH Network Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock worth $921,246,000 after acquiring an additional 409,704 shares in the last quarter. BlackRock Inc. grew its position in DISH Network Corporation by 1.9% in the second quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock worth $858,929,000 after acquiring an additional 259,139 shares in the last quarter. FMR LLC grew its position in DISH Network Corporation by 22.7% in the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock worth $282,314,000 after acquiring an additional 831,768 shares in the last quarter. Paulson & CO. Inc. bought a new stake in DISH Network Corporation in the first quarter worth approximately $219,047,000. Finally, American Century Companies Inc. grew its position in DISH Network Corporation by 184.5% in the second quarter. American Century Companies Inc. now owns 1,430,365 shares of the company’s stock worth $89,770,000 after acquiring an additional 927,537 shares in the last quarter. 48.93% of the stock is owned by institutional investors.
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In related news, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the transaction, the executive vice president now directly owns 165 shares of the company’s stock, valued at approximately $9,340.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,110 shares of company stock worth $1,555,296. Insiders own 49.30% of the company’s stock.
A number of analysts have recently weighed in on the stock. Deutsche Bank AG restated a “buy” rating and issued a $99.00 price objective on shares of DISH Network Corporation in a research note on Thursday, October 5th. Wells Fargo & Company reissued an “outperform” rating on shares of DISH Network Corporation in a report on Wednesday, June 28th. BidaskClub lowered shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price target on shares of DISH Network Corporation in a report on Monday, September 25th. Finally, Macquarie reissued a “hold” rating and issued a $60.00 price target (down previously from $68.00) on shares of DISH Network Corporation in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. DISH Network Corporation has a consensus rating of “Hold” and an average price target of $68.18.
DISH Network Corporation (NASDAQ DISH) traded down 3.19% on Thursday, reaching $50.00. The company had a trading volume of 471,262 shares. DISH Network Corporation has a 12-month low of $49.77 and a 12-month high of $66.50. The stock’s 50-day moving average price is $54.58 and its 200-day moving average price is $60.70. The stock has a market capitalization of $23.31 billion, a P/E ratio of 23.26 and a beta of 0.99.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the company posted $0.88 EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts anticipate that DISH Network Corporation will post $2.13 EPS for the current fiscal year.
About DISH Network Corporation
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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