Aviva PLC Boosts Position in DISH Network Corporation (DISH)
Aviva PLC boosted its stake in shares of DISH Network Corporation (NASDAQ:DISH) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,007 shares of the company’s stock after buying an additional 2,690 shares during the period. Aviva PLC’s holdings in DISH Network Corporation were worth $8,537,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of 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 during the period. State Street Corp increased its position in shares of 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 period. Paulson & CO. Inc. bought a new position in shares of DISH Network Corporation during the first quarter worth about $219,047,000. Geode Capital Management LLC increased its position in shares of 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 period. Finally, Bank of New York Mellon Corp increased its position in shares of 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 period. Hedge funds and other institutional investors own 48.91% of the company’s stock.
Shares of DISH Network Corporation (NASDAQ:DISH) opened at 56.66 on Tuesday. DISH Network Corporation has a 52 week low of $48.51 and a 52 week high of $66.50. The firm has a market cap of $26.41 billion, a PE ratio of 26.35 and a beta of 0.96. The firm has a 50-day moving average price of $61.72 and a 200-day moving average price of $62.51.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.67. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. On average, equities research analysts predict that DISH Network Corporation will post $2.30 earnings per share for the current year.
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A number of equities analysts have recently issued reports on DISH shares. BidaskClub downgraded DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Telsey Advisory Group lowered their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. Guggenheim restated a “neutral” rating and set a $62.00 price objective (down from $68.00) on shares of DISH Network Corporation in a research report on Thursday, August 24th. Jefferies Group LLC restated a “buy” rating and set a $80.00 price objective on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Finally, Pivotal Research downgraded DISH Network Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $86.00 to $70.00 in a research report on Monday, May 1st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. DISH Network Corporation presently has a consensus rating of “Hold” and a consensus target price of $69.87.
In related news, EVP R Stanton Dodge sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 worth $1,565,779 in the last 90 days. 49.30% of the stock is currently owned by company insiders.
DISH Network Corporation Company 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.
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