Dimensional Fund Advisors LP boosted its holdings in DISH Network Corp (NASDAQ:DISH) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 619,596 shares of the company’s stock after acquiring an additional 29,668 shares during the quarter. Dimensional Fund Advisors LP owned 0.13% of DISH Network worth $20,826,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DISH. Brown Advisory Inc. increased its stake in shares of DISH Network by 176.6% during the 2nd quarter. Brown Advisory Inc. now owns 176,739 shares of the company’s stock worth $5,940,000 after purchasing an additional 112,834 shares during the last quarter. Insight 2811 Inc. purchased a new stake in shares of DISH Network during the 2nd quarter worth approximately $233,000. AustralianSuper Pty Ltd purchased a new stake in shares of DISH Network during the 2nd quarter worth approximately $1,244,000. CIBC Asset Management Inc increased its stake in shares of DISH Network by 4.7% during the 2nd quarter. CIBC Asset Management Inc now owns 39,273 shares of the company’s stock worth $1,320,000 after purchasing an additional 1,758 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its stake in shares of DISH Network by 93.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 84,840 shares of the company’s stock worth $2,852,000 after purchasing an additional 41,045 shares during the last quarter. 48.26% of the stock is currently owned by institutional investors and hedge funds.
DISH has been the subject of several research analyst reports. Morgan Stanley raised their price target on shares of DISH Network from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. BidaskClub lowered shares of DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of DISH Network from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Monday, September 17th. Credit Suisse Group initiated coverage on shares of DISH Network in a research note on Tuesday, July 10th. They set an “underperform” rating and a $30.00 price target for the company. Finally, Goldman Sachs Group restated a “neutral” rating on shares of DISH Network in a research note on Thursday, June 28th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. DISH Network currently has a consensus rating of “Hold” and a consensus price target of $44.08.
DISH Network stock opened at $32.92 on Friday. DISH Network Corp has a 1-year low of $28.80 and a 1-year high of $52.53. The company has a market capitalization of $16.72 billion, a P/E ratio of 12.70 and a beta of 1.21. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.94.
DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. DISH Network had a net margin of 17.80% and a return on equity of 20.60%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the business earned $0.09 EPS. DISH Network’s revenue was down 4.9% compared to the same quarter last year. Sell-side analysts forecast that DISH Network Corp will post 2.77 EPS for the current year.
In other DISH Network news, insider James Defranco acquired 15,000 shares of DISH Network stock in a transaction that occurred on Monday, July 23rd. The stock was acquired at an average cost of $30.99 per share, for a total transaction of $464,850.00. Following the purchase, the insider now owns 1,173,529 shares of the company’s stock, valued at $36,367,663.71. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 60,000 shares of company stock valued at $1,958,500 over the last quarter. 49.20% of the stock is owned by company insiders.
About DISH Network
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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