DISH Network Corp (DISH) Stake Lifted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lifted its holdings in DISH Network Corp (NASDAQ:DISH) by 0.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 583,163 shares of the company’s stock after purchasing an additional 4,659 shares during the quarter. Dimensional Fund Advisors LP’s holdings in DISH Network were worth $31,621,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in DISH. Sun Life Financial INC grew its stake in shares of DISH Network by 20,725.0% in the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after purchasing an additional 1,658 shares in the last quarter. Rockefeller Financial Services Inc. bought a new position in shares of DISH Network in the third quarter worth $140,000. Quantbot Technologies LP bought a new position in shares of DISH Network in the third quarter worth $154,000. Huntington National Bank lifted its holdings in shares of DISH Network by 47.1% in the third quarter. Huntington National Bank now owns 3,824 shares of the company’s stock valued at $207,000 after buying an additional 1,224 shares during the period. Finally, Howe & Rusling Inc. acquired a new stake in shares of DISH Network in the third quarter valued at $217,000. 48.54% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on DISH. Moffett Nathanson restated a “sell” rating and issued a $37.00 price objective (down previously from $45.00) on shares of DISH Network in a report on Tuesday, September 26th. Zacks Investment Research lowered DISH Network from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. cut their price objective on DISH Network from $62.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, October 17th. Jefferies Group restated a “buy” rating and issued a $80.00 price objective on shares of DISH Network in a report on Monday, September 25th. Finally, Macquarie restated a “hold” rating and issued a $60.00 price objective (down previously from $68.00) on shares of DISH Network in a report on Monday, October 2nd. Five investment 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’s stock. DISH Network presently has a consensus rating of “Hold” and an average target price of $63.92.
DISH Network (NASDAQ:DISH) last announced its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.64 earnings per share. sell-side analysts anticipate that DISH Network Corp will post 1.98 EPS for the current year.
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About DISH Network
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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