SG Americas Securities LLC Sells 38,540 Shares of DISH Network Corporation (DISH)
SG Americas Securities LLC reduced its position in shares of DISH Network Corporation (NASDAQ:DISH) by 75.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,393 shares of the company’s stock after selling 38,540 shares during the period. SG Americas Securities LLC’s holdings in DISH Network Corporation were worth $679,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Brinker Capital Inc. raised its stake in DISH Network Corporation by 0.6% in the second quarter. Brinker Capital Inc. now owns 11,507 shares of the company’s stock valued at $603,000 after buying an additional 69 shares in the last quarter. Mackenzie Financial Corp raised its stake in DISH Network Corporation by 0.3% in the second quarter. Mackenzie Financial Corp now owns 54,833 shares of the company’s stock valued at $2,873,000 after buying an additional 158 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in DISH Network Corporation by 1.2% in the second quarter. Levin Capital Strategies L.P. now owns 14,164 shares of the company’s stock valued at $742,000 after buying an additional 167 shares in the last quarter. IBM Retirement Fund raised its stake in DISH Network Corporation by 0.8% in the second quarter. IBM Retirement Fund now owns 26,043 shares of the company’s stock valued at $1,425,000 after buying an additional 203 shares in the last quarter. Finally, Comerica Bank raised its stake in DISH Network Corporation by 1.3% in the second quarter. Comerica Bank now owns 16,701 shares of the company’s stock valued at $872,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 48.25% of the company’s stock.
Shares of DISH Network Corporation (NASDAQ:DISH) traded down 0.02% during mid-day trading on Friday, hitting $62.27. The company’s stock had a trading volume of 1,482,806 shares. The stock has a 50-day moving average of $58.16 and a 200-day moving average of $54.45. DISH Network Corporation has a 12-month low of $38.85 and a 12-month high of $62.97. The company has a market cap of $28.96 billion, a PE ratio of 29.67 and a beta of 1.05.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, November 9th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by $0.04. The business earned $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. DISH Network Corporation had a return on equity of 40.84% and a net margin of 6.48%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, equities research analysts forecast that DISH Network Corporation will post $3.02 EPS for the current year.
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Several research firms have commented on DISH. BTIG Research restated a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of DISH Network Corporation in a research report on Tuesday, November 22nd. FBR & Co upped their price objective on DISH Network Corporation from $46.00 to $48.00 and gave the stock an “underperform” rating in a research report on Friday, November 11th. J P Morgan Chase & Co restated a “buy” rating and issued a $85.00 price objective on shares of DISH Network Corporation in a research report on Thursday, November 10th. Jefferies Group restated a “buy” rating and issued a $80.00 price objective on shares of DISH Network Corporation in a research report on Thursday, November 10th. Finally, Pivotal Research upped their price objective on DISH Network Corporation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, November 10th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $67.96.
In other news, EVP Thomas A. Cullen sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $58.85, for a total value of $7,062,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 49.40% of the stock is owned by insiders.
About DISH Network Corporation
DISH Network Corporation is a holding company. The Company operates through two segments: DISH 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 (DBS) and Fixed Satellite Service (FSS) 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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