Bartlett & Co. LLC lowered its stake in DISH Network Corporation (NASDAQ:DISH) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,045 shares of the company’s stock after selling 300 shares during the period. Bartlett & Co. LLC’s holdings in DISH Network Corporation were worth $191,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of DISH Network Corporation by 14.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company’s stock valued at $107,000 after buying an additional 233 shares in the last quarter. Elkfork Partners LLC acquired a new position in DISH Network Corporation during the first quarter valued at approximately $110,000. Bronfman E.L. Rothschild L.P. raised its position in DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after buying an additional 1,859 shares during the period. Meadow Creek Investment Management LLC acquired a new position in DISH Network Corporation during the first quarter valued at approximately $141,000. Finally, Huntington National Bank raised its position in DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock valued at $147,000 after buying an additional 19 shares during the period. 49.99% of the stock is owned by institutional investors.
DISH Network Corporation (DISH) traded up 0.46% during mid-day trading on Friday, hitting $58.46. 1,211,529 shares of the company’s stock were exchanged. DISH Network Corporation has a 52 week low of $48.51 and a 52 week high of $66.50. The firm has a 50 day moving average of $63.38 and a 200 day moving average of $62.74. The stock has a market capitalization of $27.25 billion, a P/E ratio of 27.19 and a beta of 0.96.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.67. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was down 5.7% compared to the same quarter last year. Equities analysts forecast that DISH Network Corporation will post $2.38 earnings per share for the current fiscal year.
Several research analysts have recently commented on the stock. BidaskClub raised shares of DISH Network Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Wunderlich reaffirmed a “sell” rating and issued a $54.00 price target on shares of DISH Network Corporation in a report on Monday, June 12th. Hilliard Lyons lowered shares of DISH Network Corporation from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Citigroup Inc. lowered shares of DISH Network Corporation from a “buy” rating to a “sell” rating and decreased their price target for the company from $94.00 to $52.00 in a report on Wednesday, July 26th. Finally, Macquarie reaffirmed a “hold” rating and issued a $68.00 price target on shares of DISH Network Corporation in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.31.
In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP R Stanton Dodge sold 1,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $66.20, for a total transaction of $66,200.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,100 shares of company stock worth $1,565,779. Insiders own 49.30% of the company’s stock.
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.
Receive News & Ratings for DISH Network Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network Corporation and related companies with MarketBeat.com's FREE daily email newsletter.