Mitsubishi UFJ Trust & Banking Corp lessened its holdings in DISH Network Corp (NASDAQ:DISH) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 449,894 shares of the company’s stock after selling 4,294 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of DISH Network worth $24,398,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in DISH. Ray Gerald L & Associates Ltd. lifted its position in DISH Network by 113.6% during the third quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock worth $683,000 after purchasing an additional 6,700 shares during the period. State of Tennessee Treasury Department lifted its position in DISH Network by 10.4% during the second quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock worth $10,603,000 after purchasing an additional 15,978 shares during the period. Swiss National Bank lifted its position in DISH Network by 3.3% during the second quarter. Swiss National Bank now owns 829,109 shares of the company’s stock worth $52,035,000 after purchasing an additional 26,200 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in DISH Network during the second quarter worth about $304,000. Finally, Quantitative Systematic Strategies LLC lifted its position in DISH Network by 33.9% during the third quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock worth $308,000 after purchasing an additional 1,439 shares during the period. 48.58% of the stock is owned by institutional investors.
DISH Network Corp (DISH) opened at $49.31 on Thursday. DISH Network Corp has a 52 week low of $46.07 and a 52 week high of $66.50. 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 stock has a market capitalization of $24,064.02, a P/E ratio of 18.97, a PEG ratio of 2.52 and a beta of 1.09.
DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the company earned $0.64 EPS. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. analysts expect that DISH Network Corp will post 1.98 EPS for the current fiscal year.
Several research firms recently weighed in on DISH. Moffett Nathanson reaffirmed a “sell” rating and set a $37.00 price objective (down previously from $45.00) on shares of DISH Network in a research report on Tuesday, September 26th. BidaskClub cut shares of DISH Network from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. cut their price objective on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, October 17th. Guggenheim reaffirmed a “neutral” rating and set a $62.00 price objective (down previously from $68.00) on shares of DISH Network in a research report on Thursday, August 24th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of DISH Network in a research report on Monday, September 25th. 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 stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.92.
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DISH Network 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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