Caisse DE Depot ET Placement DU Quebec Has $3.04 Million Position in DISH Network Corp (DISH)
Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of DISH Network Corp (NASDAQ:DISH) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,886 shares of the company’s stock after selling 13,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in DISH Network were worth $3,043,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in DISH. Sun Life Financial INC raised its holdings in shares of DISH Network by 20,725.0% during the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after buying an additional 1,658 shares during the period. Rockefeller Financial Services Inc. purchased a new stake in shares of DISH Network during the 3rd quarter valued at about $140,000. Quantbot Technologies LP purchased a new stake in DISH Network during the 3rd quarter worth approximately $154,000. Paradigm Asset Management Co. LLC increased its holdings in 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 purchasing an additional 100 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in DISH Network by 123.9% during the 2nd quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock worth $189,000 after purchasing an additional 1,665 shares during the last quarter. Institutional investors and hedge funds own 48.58% of the company’s stock.
Shares of DISH Network Corp (NASDAQ DISH) opened at $49.43 on Tuesday. DISH Network Corp has a twelve month low of $46.07 and a twelve month high of $66.50. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. The firm has a market capitalization of $23,060.00, a P/E ratio of 17.86, a PEG ratio of 2.38 and a beta of 1.09.
DISH Network (NASDAQ:DISH) last issued 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter last year, the firm posted $0.64 earnings per share. DISH Network’s revenue was down 5.0% compared to the same quarter last year. sell-side analysts predict that DISH Network Corp will post 1.98 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the company. UBS dropped their price objective on DISH Network from $68.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. dropped their price objective on DISH Network from $62.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, October 17th. Moffett Nathanson restated a “sell” rating and set a $37.00 price objective (down from $45.00) on shares of DISH Network in a report on Tuesday, September 26th. Guggenheim restated a “neutral” rating and set a $62.00 price objective (down from $68.00) on shares of DISH Network in a report on Thursday, August 24th. Finally, BidaskClub downgraded DISH Network from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.92.
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DISH Network 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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