Vanguard Group Inc. raised its stake in DISH Network Co. (NASDAQ:DISH) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,214,338 shares of the company’s stock after buying an additional 317,551 shares during the period. Vanguard Group Inc. owned about 4.97% of DISH Network worth $1,095,759,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of DISH Network in the second quarter worth approximately $31,000. Huntington National Bank bought a new position in DISH Network during the second quarter valued at $35,000. PNC Managed Account Solutions Inc. bought a new position in DISH Network during the second quarter valued at $42,000. Exchange Traded Concepts LLC bought a new position in DISH Network during the second quarter valued at $46,000. Finally, Berman Capital Advisors LLC boosted its holdings in shares of DISH Network by 73.3% in the second quarter. Berman Capital Advisors LLC now owns 1,310 shares of the company’s stock worth $54,000 after acquiring an additional 554 shares during the period. Hedge funds and other institutional investors own 47.47% of the company’s stock.
DISH has been the topic of a number of recent analyst reports. Pivotal Research increased their price objective on DISH Network from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, September 17th. HSBC raised DISH Network from a “reduce” rating to a “hold” rating and set a $40.00 price objective on the stock in a research report on Thursday, July 8th. Credit Suisse Group lifted their target price on shares of DISH Network from $34.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, June 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DISH Network from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, August 12th. Finally, Moffett Nathanson upgraded shares of DISH Network from a “sell” rating to a “neutral” rating and boosted their target price for the company from $15.00 to $40.00 in a research note on Monday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, DISH Network presently has a consensus rating of “Buy” and an average price target of $50.88.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Sunday, August 8th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.90 by $0.16. DISH Network had a net margin of 14.05% and a return on equity of 18.64%. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The firm’s revenue was up 40.8% on a year-over-year basis. Research analysts forecast that DISH Network Co. will post 3.79 earnings per share for the current year.
DISH Network Company Profile
DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W.
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