DISH Network Corporation (DISH) Shares Bought by Piedmont Investment Advisors LLC
Piedmont Investment Advisors LLC boosted its position in DISH Network Corporation (NASDAQ:DISH) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,157 shares of the company’s stock after purchasing an additional 582 shares during the period. Piedmont Investment Advisors LLC’s holdings in DISH Network Corporation were worth $2,960,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in DISH Network Corporation by 2.9% in the second 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 DISH Network Corporation by 1.9% in the second 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 DISH Network Corporation by 22.7% in the second 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. American Century Companies Inc. lifted its stake in DISH Network Corporation by 184.5% in the second quarter. American Century Companies Inc. now owns 1,430,365 shares of the company’s stock valued at $89,770,000 after purchasing an additional 927,537 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in DISH Network Corporation by 0.9% in the second quarter. Thrivent Financial For Lutherans now owns 1,242,400 shares of the company’s stock valued at $77,973,000 after purchasing an additional 10,580 shares during the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.
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Several equities analysts recently commented on the company. BidaskClub downgraded DISH Network Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Telsey Advisory Group dropped their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a research note on Friday, August 4th. Macquarie reiterated a “hold” rating and issued a $68.00 price objective on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Wells Fargo & Company reiterated an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. Finally, Moffett Nathanson reiterated a “sell” rating and issued a $37.00 price objective (down previously from $45.00) on shares of DISH Network Corporation in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.18.
In related news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the transaction, the executive vice president now owns 165 shares in the company, valued at approximately $9,340.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $59.73, for a total transaction of $1,493,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,110 shares of company stock worth $1,555,296. 49.30% of the stock is owned by corporate insiders.
Shares of DISH Network Corporation (DISH) traded down 1.33% during midday trading on Friday, hitting $48.38. The company had a trading volume of 6,029,756 shares. The firm has a market capitalization of $22.55 billion, a P/E ratio of 22.50 and a beta of 0.99. The stock has a 50 day moving average price of $54.01 and a 200 day moving average price of $60.50. DISH Network Corporation has a 1-year low of $47.48 and a 1-year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last released its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the firm posted $0.88 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities analysts anticipate that DISH Network Corporation will post $2.13 EPS for the current fiscal year.
DISH Network Corporation 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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