Renaissance Technologies LLC grew its position in DISH Network Corp (NASDAQ:DISH) by 129.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,188,079 shares of the company’s stock after purchasing an additional 669,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.25% of DISH Network worth $56,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of DISH Network by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 2,319,059 shares of the company’s stock worth $110,494,000 after acquiring an additional 84,497 shares during the last quarter. Legal & General Group Plc boosted its position in shares of DISH Network by 6.7% during the third quarter. Legal & General Group Plc now owns 1,118,161 shares of the company’s stock worth $60,634,000 after acquiring an additional 70,398 shares during the last quarter. Sirios Capital Management L P boosted its position in shares of DISH Network by 18.6% during the fourth quarter. Sirios Capital Management L P now owns 934,589 shares of the company’s stock worth $44,627,000 after acquiring an additional 146,881 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of DISH Network by 4.6% during the fourth quarter. OppenheimerFunds Inc. now owns 867,788 shares of the company’s stock worth $41,437,000 after acquiring an additional 38,073 shares during the last quarter. Finally, Ascend Capital LLC boosted its position in shares of DISH Network by 96.2% during the fourth quarter. Ascend Capital LLC now owns 866,842 shares of the company’s stock worth $41,392,000 after acquiring an additional 424,917 shares during the last quarter. Institutional investors and hedge funds own 48.17% of the company’s stock.
A number of brokerages recently weighed in on DISH. Morgan Stanley lowered shares of DISH Network from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $75.00 to $55.00 in a research report on Wednesday, January 17th. Citigroup upgraded shares of DISH Network from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of DISH Network from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, February 22nd. SunTrust Banks dropped their target price on shares of DISH Network to $44.00 and set a “hold” rating for the company in a research report on Thursday, March 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $54.00 target price (down previously from $56.00) on shares of DISH Network in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.25.
DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the business earned $0.70 earnings per share. DISH Network’s quarterly revenue was down 7.2% compared to the same quarter last year. equities research analysts forecast that DISH Network Corp will post 2.41 EPS for the current fiscal year.
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About DISH Network
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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