Zweig DiMenna Associates LLC Has $1.33 Million Stake in DISH Network Corporation (DISH)

Zweig DiMenna Associates LLC lessened its position in DISH Network Corporation (NASDAQ:DISH) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,494 shares of the company’s stock after selling 2,600 shares during the period. Zweig DiMenna Associates LLC’s holdings in DISH Network Corporation were worth $1,328,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DISH. American Century Companies Inc. raised its position in shares of 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 valued at $89,770,000 after buying an additional 927,537 shares during the last quarter. FMR LLC raised its position in shares of DISH Network Corporation by 22.7% in the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after buying an additional 831,768 shares during the last quarter. Paulson & CO. Inc. raised its position in shares of DISH Network Corporation by 15.9% in the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after buying an additional 548,700 shares during the last quarter. Teachers Advisors LLC raised its position in shares of DISH Network Corporation by 134.8% in the second quarter. Teachers Advisors LLC now owns 815,292 shares of the company’s stock valued at $51,168,000 after buying an additional 468,003 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of DISH Network Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after buying an additional 409,704 shares during the last quarter. 48.76% of the stock is owned by institutional investors and hedge funds.

DISH Network Corporation (DISH) traded up $0.51 on Monday, reaching $50.81. 2,211,700 shares of the company’s stock traded hands, compared to its average volume of 2,713,139. DISH Network Corporation has a 12 month low of $46.07 and a 12 month high of $66.50. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $23,683.15, a P/E ratio of 18.68, a P/E/G ratio of 2.38 and a beta of 1.08.

DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). DISH Network Corporation had a return on equity of 25.97% and a net margin of 7.22%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. equities research analysts anticipate that DISH Network Corporation will post 2.06 EPS for the current year.

DISH has been the subject of a number of analyst reports. BidaskClub lowered shares of DISH Network Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. lowered shares of DISH Network Corporation from a “buy” rating to a “sell” rating and cut their price objective for the company from $94.00 to $52.00 in a research report on Wednesday, July 26th. Macquarie restated a “hold” rating and issued a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Telsey Advisory Group lowered their target price on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, August 4th. Finally, TheStreet downgraded shares of DISH Network Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $65.39.

In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the business’s stock in a transaction on Monday, August 28th. The shares were 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 $9,340.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 1,110 shares of company stock worth $62,046. Corporate insiders own 49.30% of the company’s stock.

WARNING: “Zweig DiMenna Associates LLC Has $1.33 Million Stake in DISH Network Corporation (DISH)” was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.themarketsdaily.com/2017/11/13/zweig-dimenna-associates-llc-has-1-33-million-stake-in-dish-network-corporation-dish.html.

DISH Network Corporation 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.

Institutional Ownership by Quarter for DISH Network Corporation (NASDAQ:DISH)

Receive News & Ratings for DISH Network Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply