Aviva PLC decreased its position in DISH Network Corp (NASDAQ:DISH) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,521 shares of the company’s stock after selling 23,022 shares during the quarter. Aviva PLC’s holdings in DISH Network were worth $2,086,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in shares of DISH Network in the fourth quarter valued at $160,000. Oppenheimer & Co. Inc. lifted its holdings in shares of DISH Network by 8.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,566 shares of the company’s stock valued at $314,000 after buying an additional 1,000 shares during the period. CENTRAL TRUST Co acquired a new stake in shares of DISH Network in the fourth quarter valued at $53,000. Fox Run Management L.L.C. acquired a new stake in shares of DISH Network in the fourth quarter valued at $288,000. Finally, LPL Financial LLC lifted its holdings in shares of DISH Network by 10.0% in the third quarter. LPL Financial LLC now owns 62,587 shares of the company’s stock valued at $2,238,000 after buying an additional 5,708 shares during the period. Institutional investors and hedge funds own 48.06% of the company’s stock.
DISH has been the subject of several analyst reports. Royal Bank of Canada reduced their target price on DISH Network to $33.00 and set a “market perform” rating for the company in a report on Tuesday, February 19th. BidaskClub raised DISH Network from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Pivotal Research reaffirmed a “buy” rating and set a $37.00 target price on shares of DISH Network in a report on Wednesday, February 13th. Zacks Investment Research raised DISH Network from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, January 10th. Finally, HSBC downgraded DISH Network from a “hold” rating to a “reduce” rating in a report on Friday, January 25th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.71.
In other DISH Network news, insider James Defranco purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were purchased at an average cost of $30.67 per share, with a total value of $306,700.00. Following the completion of the transaction, the insider now owns 1,528,529 shares of the company’s stock, valued at $46,879,984.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 195,000 shares of company stock worth $5,512,000 over the last three months. 49.20% of the stock is owned by insiders.
Shares of NASDAQ DISH opened at $32.57 on Friday. DISH Network Corp has a 12 month low of $23.22 and a 12 month high of $41.34. The firm has a market cap of $15.05 billion, a PE ratio of 10.86 and a beta of 1.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.69 and a quick ratio of 0.63.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.03). The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.27 billion. DISH Network had a net margin of 11.56% and a return on equity of 19.71%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. On average, research analysts anticipate that DISH Network Corp will post 2.53 earnings per share for the current fiscal year.
DISH Network Company Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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