Bronfman E.L. Rothschild L.P. Decreases Position in DISH Network Corp (DISH)
Bronfman E.L. Rothschild L.P. trimmed its position in shares of DISH Network Corp (NASDAQ:DISH) by 37.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,179 shares of the company’s stock after selling 1,283 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in DISH Network Corp were worth $118,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DISH. Dimensional Fund Advisors LP raised its holdings in shares of DISH Network Corp by 27.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 546,279 shares of the company’s stock valued at $34,682,000 after buying an additional 118,638 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of DISH Network Corp during the 2nd quarter valued at about $1,506,000. LS Investment Advisors LLC raised its holdings in shares of DISH Network Corp by 5.8% during the 2nd quarter. LS Investment Advisors LLC now owns 7,702 shares of the company’s stock valued at $483,000 after buying an additional 419 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of DISH Network Corp by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock valued at $885,000 after buying an additional 200 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of DISH Network Corp by 16.1% during the 2nd quarter. Aperio Group LLC now owns 61,139 shares of the company’s stock valued at $3,837,000 after buying an additional 8,464 shares in the last quarter. 48.26% of the stock is currently owned by institutional investors.
DISH has been the topic of a number of research reports. Zacks Investment Research raised DISH Network Corp from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Citigroup Inc. upgraded DISH Network Corp from a “sell” rating to a “neutral” rating and set a $54.00 price target on the stock in a research report on Friday, September 15th. Macquarie restated a “hold” rating and set a $60.00 price target (down from $68.00) on shares of DISH Network Corp in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $54.00 price target (down from $56.00) on shares of DISH Network Corp in a research report on Wednesday. Finally, Wells Fargo & Company restated an “outperform” rating and set a $88.50 price target on shares of DISH Network Corp in a research report on Thursday, August 31st. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $63.92.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corp stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the sale, the executive vice president now directly owns 165 shares in the company, valued at approximately $9,340.65. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 1,110 shares of company stock worth $62,046. Corporate insiders own 49.30% of the company’s stock.
DISH Network Corp (DISH) opened at $49.87 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network Corp has a 1 year low of $46.07 and a 1 year high of $66.50. The stock has a market capitalization of $23,518.38, a P/E ratio of 18.54, a P/E/G ratio of 2.45 and a beta of 1.08.
DISH Network Corp (NASDAQ:DISH) last issued its quarterly earnings data 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). The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. DISH Network Corp had a return on equity of 25.97% and a net margin of 7.22%. DISH Network Corp’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. analysts predict that DISH Network Corp will post 1.99 earnings per share for the current year.
DISH Network Corp 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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