TD Asset Management Inc. lessened its stake in DISH Network Corp (NASDAQ:DISH) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,258 shares of the company’s stock after selling 3,866 shares during the quarter. TD Asset Management Inc.’s holdings in DISH Network were worth $4,135,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of DISH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of DISH Network by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,900 shares of the company’s stock worth $1,061,000 after buying an additional 68 shares during the period. TRUE Private Wealth Advisors grew its position in shares of DISH Network by 0.9% during the 2nd quarter. TRUE Private Wealth Advisors now owns 7,899 shares of the company’s stock worth $495,000 after buying an additional 74 shares during the period. Paradigm Asset Management Co. LLC grew its position in shares of DISH Network by 4.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after buying an additional 100 shares during the period. Nordea Investment Management AB grew its position in shares of DISH Network by 0.9% during the 2nd quarter. Nordea Investment Management AB now owns 11,121 shares of the company’s stock worth $698,000 after buying an additional 101 shares during the period. Finally, Veritable L.P. grew its position in shares of DISH Network by 2.3% during the 2nd quarter. Veritable L.P. now owns 6,182 shares of the company’s stock worth $388,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 48.58% of the company’s stock.
DISH Network Corp (NASDAQ:DISH) opened at $49.31 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. DISH Network Corp has a one year low of $46.07 and a one year high of $66.50. The firm has a market cap of $24,064.02, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the firm posted $0.64 EPS. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. equities research analysts expect that DISH Network Corp will post 1.98 EPS for the current year.
DISH has been the subject of several analyst reports. BidaskClub cut shares of DISH Network from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Guggenheim reiterated a “neutral” rating and set a $62.00 price target (down previously from $68.00) on shares of DISH Network in a research report on Thursday, August 24th. Wells Fargo & Company reiterated an “outperform” rating and set a $88.50 price target on shares of DISH Network in a research report on Thursday, August 31st. Citigroup upgraded shares of DISH Network from a “sell” rating to a “neutral” rating and set a $54.00 price target for the company in a research report on Friday, September 15th. Finally, Jefferies Group reiterated a “buy” rating and set a $80.00 price target on shares of DISH Network in a research report on Monday, September 25th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. DISH Network has a consensus rating of “Hold” and an average price target of $63.92.
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About DISH Network
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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