HBK Investments L P lowered its position in DISH Network Corp (NASDAQ:DISH) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 318,700 shares of the company’s stock after selling 67,400 shares during the quarter. HBK Investments L P owned about 0.07% of DISH Network worth $15,218,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of DISH Network by 13.7% in the third quarter. Pacer Advisors Inc. now owns 8,611 shares of the company’s stock valued at $467,000 after acquiring an additional 1,040 shares during the period. Norinchukin Bank The increased its stake in DISH Network by 7.4% in the 3rd quarter. Norinchukin Bank The now owns 16,947 shares of the company’s stock worth $919,000 after buying an additional 1,161 shares during the period. Profund Advisors LLC increased its stake in DISH Network by 7.0% in the 4th quarter. Profund Advisors LLC now owns 19,658 shares of the company’s stock worth $939,000 after buying an additional 1,283 shares during the period. MUFG Americas Holdings Corp increased its stake in DISH Network by 86.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock worth $133,000 after buying an additional 1,300 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in DISH Network by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 44,180 shares of the company’s stock worth $2,110,000 after buying an additional 1,406 shares during the period. 48.17% of the stock is currently owned by institutional investors and hedge funds.
DISH has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of DISH Network from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Pivotal Research reaffirmed a “buy” rating and issued a $65.00 price target (down previously from $67.00) on shares of DISH Network in a research note on Thursday, February 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $54.00 price target (down previously from $56.00) on shares of DISH Network in a research note on Wednesday, November 22nd. SunTrust Banks reduced their price target on shares of DISH Network to $44.00 and set a “hold” rating on the stock in a research note on Thursday, March 1st. Finally, Citigroup raised shares of DISH Network from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. DISH Network has an average rating of “Hold” and an average target price of $62.25.
DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. DISH Network had a net margin of 14.59% and a return on equity of 22.56%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the business earned $0.70 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. sell-side analysts predict that DISH Network Corp will post 2.39 earnings per share for the current fiscal year.
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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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