DISH Network Corp (DISH) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. raised its position in shares of DISH Network Corp (NASDAQ:DISH) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,611 shares of the company’s stock after buying an additional 1,040 shares during the quarter. Pacer Advisors Inc.’s holdings in DISH Network were worth $467,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of DISH Network by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after purchasing an additional 409,704 shares during the last quarter. BlackRock Inc. lifted its stake in shares of DISH Network by 1.9% in the 2nd quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock valued at $858,929,000 after purchasing an additional 259,139 shares during the last quarter. FMR LLC lifted its stake in shares of DISH Network by 22.7% in the 2nd quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after purchasing an additional 831,768 shares during the last quarter. Paulson & CO. Inc. lifted its stake in shares of DISH Network by 15.9% in the 2nd quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after purchasing an additional 548,700 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of DISH Network by 0.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock valued at $153,496,000 after purchasing an additional 25,695 shares during the last quarter. 48.57% of the stock is owned by institutional investors and hedge funds.
Shares of DISH Network Corp (DISH) opened at $50.32 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. The firm has a market capitalization of $23,467.08, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09. DISH Network Corp has a 1 year low of $46.07 and a 1 year high of $66.50.
DISH Network (NASDAQ:DISH) last issued its 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). The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.60 billion. DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. equities research analysts predict that DISH Network Corp will post 1.98 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered DISH Network from a “hold” rating to a “sell” rating in a research note on Sunday, August 6th. UBS decreased their price target on DISH Network from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. decreased their price target on DISH Network from $62.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, October 17th. Moffett Nathanson reissued a “sell” rating and set a $37.00 price target (down from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. Finally, Guggenheim reissued a “neutral” rating and set a $62.00 price target (down from $68.00) on shares of DISH Network in a research note on Thursday, August 24th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $63.92.
DISH Network 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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