Trexquant Investment LP Takes Position in DISH Network Corp (DISH)
Trexquant Investment LP purchased a new position in DISH Network Corp (NASDAQ:DISH) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,986 shares of the company’s stock, valued at approximately $1,735,000.
Other large investors have also modified their holdings of the company. Sun Life Financial INC grew its stake in shares of DISH Network by 20,725.0% during the 2nd 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 during the period. Rockefeller Financial Services Inc. acquired a new stake in shares of DISH Network during the 3rd quarter worth approximately $140,000. Quantbot Technologies LP acquired a new stake in shares of DISH Network during the 3rd quarter worth approximately $154,000. Paradigm Asset Management Co. LLC grew its stake in shares of DISH Network by 4.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares during the period. Finally, Huntington National Bank grew its stake in shares of DISH Network by 12.1% during the 2nd quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after purchasing an additional 281 shares during the period. Institutional investors own 48.26% of the company’s stock.
DISH Network Corp (NASDAQ:DISH) opened at $49.87 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $23,260.00, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 2.42 and a beta of 1.08. DISH Network Corp has a fifty-two week low of $46.07 and a fifty-two week high of $66.50.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The firm had revenue of $3.58 billion during 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 quarter in the previous year, the business posted $0.64 EPS. equities research analysts forecast that DISH Network Corp will post 1.98 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $54.00 price objective (down previously from $56.00) on shares of DISH Network in a research note on Wednesday, November 22nd. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $60.00 price objective on shares of DISH Network in a research note on Friday, November 10th. Barclays PLC dropped their price objective on shares of DISH Network from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, November 10th. UBS AG dropped their price objective on shares of DISH Network from $68.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Finally, Zacks Investment Research cut shares of DISH Network from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. DISH Network presently has an average rating of “Hold” and a consensus price target of $63.92.
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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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