Gotham Asset Management LLC raised its stake in shares of DISH Network Corporation (NASDAQ:DISH) by 112.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,968 shares of the company’s stock after buying an additional 119,823 shares during the period. Gotham Asset Management LLC’s holdings in DISH Network Corporation were worth $14,182,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of DISH Network Corporation by 144.2% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 161,925 shares of the company’s stock valued at $10,161,000 after purchasing an additional 95,612 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of DISH Network Corporation by 224.6% in the 2nd quarter. Janus Henderson Group PLC now owns 100,744 shares of the company’s stock valued at $6,323,000 after purchasing an additional 69,705 shares during the last quarter. Shelton Capital Management lifted its stake in shares of DISH Network Corporation by 25.1% in the 2nd quarter. Shelton Capital Management now owns 19,466 shares of the company’s stock valued at $1,222,000 after purchasing an additional 3,902 shares during the last quarter. Sun Life Financial INC lifted its stake in shares of DISH Network Corporation by 20,725.0% in the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after purchasing an additional 1,658 shares during the last quarter. Finally, Clinton Group Inc. acquired a new stake in shares of DISH Network Corporation in the 2nd quarter valued at $4,359,000. 48.93% of the stock is owned by institutional investors and hedge funds.

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In related news, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction that occurred 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 sale, the executive vice president now directly owns 165 shares in the company, valued at $9,340.65. The disclosure for this sale can be found here. Insiders have sold a total of 25,884 shares of company stock worth $1,543,036 over the last ninety days. 49.30% of the stock is currently owned by insiders.

DISH Network Corporation (NASDAQ DISH) traded down 1.30% during trading on Friday, reaching $53.33. 1,726,567 shares of the company’s stock were exchanged. The firm has a market cap of $24.86 billion, a P/E ratio of 24.80 and a beta of 0.99. DISH Network Corporation has a 52-week low of $52.14 and a 52-week high of $66.50. The stock’s 50 day moving average price is $55.03 and its 200 day moving average price is $60.92.

DISH Network Corporation (NASDAQ:DISH) last released its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the business earned $0.88 earnings per share. DISH Network Corporation’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities research analysts anticipate that DISH Network Corporation will post $2.21 EPS for the current fiscal year.

Several research firms recently issued reports on DISH. Deutsche Bank AG reaffirmed a “buy” rating and issued a $99.00 price objective on shares of DISH Network Corporation in a research note on Thursday. Wells Fargo & Company reaffirmed an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. BidaskClub lowered shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of DISH Network Corporation in a research note on Monday, September 25th. Finally, Macquarie reaffirmed a “hold” rating and issued a $60.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.18.

About DISH Network Corporation

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.

Institutional Ownership by Quarter for DISH Network Corporation (NASDAQ:DISH)

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