BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in DISH Network Corporation (NASDAQ:DISH) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,993 shares of the company’s stock after selling 10,021 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in DISH Network Corporation were worth $6,276,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of DISH. Vanguard Group Inc. raised its position in DISH Network Corporation by 41.1% in the first quarter. Vanguard Group Inc. now owns 14,269,188 shares of the company’s stock worth $905,951,000 after buying an additional 4,158,136 shares in the last quarter. State Street Corp increased its stake in DISH Network Corporation by 126.2% in the first quarter. State Street Corp now owns 9,069,843 shares of the company’s stock worth $575,841,000 after buying an additional 5,059,383 shares during the last quarter. Paulson & CO. Inc. purchased a new stake in DISH Network Corporation during the first quarter worth $219,047,000. Geode Capital Management LLC increased its stake in DISH Network Corporation by 44.8% in the first quarter. Geode Capital Management LLC now owns 2,162,521 shares of the company’s stock worth $137,101,000 after buying an additional 669,308 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in DISH Network Corporation by 78.6% in the first quarter. Bank of New York Mellon Corp now owns 1,850,880 shares of the company’s stock worth $117,511,000 after buying an additional 814,395 shares during the last quarter. 49.76% of the stock is currently owned by institutional investors.
Shares of DISH Network Corporation (DISH) opened at 56.84 on Friday. DISH Network Corporation has a 12-month low of $48.51 and a 12-month high of $66.50. The company has a 50-day moving average price of $62.52 and a 200-day moving average price of $62.65. The company has a market cap of $26.49 billion, a P/E ratio of 26.44 and a beta of 0.96.
DISH Network Corporation (NASDAQ:DISH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.67. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was down 5.7% on a year-over-year basis. On average, analysts predict that DISH Network Corporation will post $2.37 earnings per share for the current year.
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A number of research firms have recently weighed in on DISH. UBS AG restated a “neutral” rating and set a $68.00 target price (up previously from $63.00) on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Royal Bank Of Canada set a $56.00 target price on DISH Network Corporation and gave the stock a “hold” rating in a research report on Saturday, May 20th. BidaskClub downgraded DISH Network Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) dropped their target price on DISH Network Corporation from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Company restated an “outperform” rating on shares of DISH Network Corporation in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $70.31.
In other DISH Network Corporation news, EVP R Stanton Dodge sold 1,000 shares of DISH Network Corporation stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation 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. Insiders sold a total of 26,100 shares of company stock valued at $1,565,779 over the last ninety days. 49.30% of the stock is currently owned by corporate insiders.
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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