Aperio Group LLC Has $2.36 Million Position in DISH Network Corp (DISH)
Aperio Group LLC increased its stake in shares of DISH Network Corp (NASDAQ:DISH) by 22.2% in the second quarter, Holdings Channel reports. The firm owned 70,346 shares of the company’s stock after buying an additional 12,795 shares during the period. Aperio Group LLC’s holdings in DISH Network were worth $2,364,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. NuWave Investment Management LLC lifted its stake in shares of DISH Network by 102.2% during the 1st quarter. NuWave Investment Management LLC now owns 3,138 shares of the company’s stock worth $118,000 after purchasing an additional 1,586 shares during the last quarter. Point72 Asia Hong Kong Ltd lifted its stake in shares of DISH Network by 2,135.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,521 shares of the company’s stock worth $209,000 after purchasing an additional 5,274 shares during the last quarter. WINTON GROUP Ltd acquired a new position in DISH Network during the 1st quarter valued at about $219,000. Intact Investment Management Inc. acquired a new position in DISH Network during the 1st quarter valued at about $292,000. Finally, Fisher Asset Management LLC acquired a new position in DISH Network during the 1st quarter valued at about $311,000. Hedge funds and other institutional investors own 47.90% of the company’s stock.
Shares of DISH stock opened at $35.04 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $16.44 billion, a PE ratio of 13.77, a PEG ratio of -6.52 and a beta of 1.10. DISH Network Corp has a fifty-two week low of $28.80 and a fifty-two week high of $59.90.
DISH has been the topic of several recent analyst reports. Zacks Investment Research raised DISH Network from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, July 10th. Barclays set a $38.00 target price on DISH Network and gave the company a “buy” rating in a research report on Wednesday, May 9th. Pivotal Research reduced their target price on DISH Network from $65.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, May 8th. Cowen reaffirmed a “buy” rating and set a $60.00 target price on shares of DISH Network in a research report on Monday, August 6th. Finally, Morgan Stanley reduced their target price on DISH Network from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 29th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $53.18.
In other news, Chairman Charles W. Ergen acquired 100,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were acquired at an average cost of $29.37 per share, with a total value of $2,937,000.00. Following the completion of the acquisition, the chairman now owns 696,470 shares of the company’s stock, valued at $20,455,323.90. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James Defranco acquired 15,000 shares of the business’s stock in a transaction dated Monday, July 23rd. The stock was purchased at an average cost of $30.99 per share, for a total transaction of $464,850.00. Following the completion of the acquisition, the insider now directly owns 1,173,529 shares of the company’s stock, valued at approximately $36,367,663.71. The disclosure for this purchase can be found here. Insiders bought 165,000 shares of company stock worth $4,972,550 over the last three months. Corporate insiders own 49.20% of the company’s stock.
About DISH Network
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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