Norinchukin Bank The grew its stake in DISH Network Corporation (NASDAQ:DISH) by 7.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,786 shares of the company’s stock after buying an additional 1,041 shares during the quarter. Norinchukin Bank The’s holdings in DISH Network Corporation were worth $991,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Advisors LLC boosted its stake in shares of DISH Network Corporation by 134.8% in the 2nd quarter. Teachers Advisors LLC now owns 815,292 shares of the company’s stock valued at $51,168,000 after buying an additional 468,003 shares during the period. Fiera Capital Corp purchased a new position in shares of DISH Network Corporation in the 2nd quarter valued at about $1,255,000. Riverhead Capital Management LLC boosted its stake in shares of DISH Network Corporation by 337.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,935 shares of the company’s stock valued at $247,000 after buying an additional 3,035 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of DISH Network Corporation by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,175 shares of the company’s stock valued at $513,000 after buying an additional 195 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its stake in shares of DISH Network Corporation by 40.9% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 70,056 shares of the company’s stock valued at $4,396,000 after buying an additional 20,346 shares during the period. Institutional investors and hedge funds own 48.93% of the company’s stock.

DISH has been the subject of several recent research reports. BidaskClub cut DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Telsey Advisory Group decreased their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. Guggenheim reiterated a “neutral” rating and issued a $62.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a research note on Thursday, August 24th. Citigroup Inc. upgraded DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective for the company in a research note on Friday. Finally, 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $69.97.

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DISH Network Corporation (DISH) opened at 52.95 on Monday. The stock has a 50 day moving average price of $58.03 and a 200-day moving average price of $61.89. DISH Network Corporation has a 12-month low of $51.38 and a 12-month high of $66.50. The firm has a market cap of $24.68 billion, a price-to-earnings ratio of 24.63 and a beta of 0.98.

DISH Network Corporation (NASDAQ:DISH) last announced its quarterly 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). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Equities analysts forecast that DISH Network Corporation will post $2.23 earnings per share for the current year.

In related news, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total value of $1,493,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the sale, the executive vice president now owns 165 shares in the company, valued at $9,340.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,885 shares of company stock worth $1,544,018. 49.30% of the stock is owned by insiders.

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

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