Canada Pension Plan Investment Board increased its position in shares of DISH Network Corp (NASDAQ:DISH) by 39.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,471 shares of the company’s stock after acquiring an additional 64,350 shares during the period. Canada Pension Plan Investment Board’s holdings in DISH Network were worth $8,170,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DISH. Trexquant Investment LP raised its stake in DISH Network by 18.2% during the third quarter. Trexquant Investment LP now owns 155,940 shares of the company’s stock worth $5,576,000 after buying an additional 23,990 shares during the last quarter. CIBC World Markets Inc. raised its stake in DISH Network by 261.7% during the third quarter. CIBC World Markets Inc. now owns 27,622 shares of the company’s stock worth $988,000 after buying an additional 19,985 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in DISH Network by 169.7% during the third quarter. AustralianSuper Pty Ltd now owns 99,800 shares of the company’s stock worth $3,569,000 after buying an additional 62,800 shares during the last quarter. Alliancebernstein L.P. raised its stake in DISH Network by 1.1% during the third quarter. Alliancebernstein L.P. now owns 398,784 shares of the company’s stock worth $14,261,000 after buying an additional 4,153 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in DISH Network during the third quarter worth $377,000. Institutional investors and hedge funds own 48.64% of the company’s stock.
In related news, insider James Defranco purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was purchased at an average cost of $34.99 per share, with a total value of $174,950.00. Following the completion of the purchase, the insider now owns 1,203,529 shares in the company, valued at approximately $42,111,479.71. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 135,000 shares of company stock valued at $4,337,300. Insiders own 49.20% of the company’s stock.
DISH opened at $31.93 on Friday. DISH Network Corp has a 1-year low of $27.54 and a 1-year high of $50.49. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 12.57 and a beta of 1.22.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.15. DISH Network had a net margin of 19.01% and a return on equity of 20.26%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. On average, equities analysts predict that DISH Network Corp will post 2.96 earnings per share for the current year.
DISH has been the subject of a number of analyst reports. Zacks Investment Research raised shares of DISH Network from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Monday, September 17th. Pivotal Research lowered their target price on shares of DISH Network from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Guggenheim raised shares of DISH Network from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $32.00 to $50.00 in a research note on Wednesday, October 24th. Moffett Nathanson downgraded shares of DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 target price for the company. in a research note on Monday, August 13th. Finally, Macquarie reissued a “sell” rating and set a $30.00 target price on shares of DISH Network in a research note on Sunday, November 11th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.54.
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DISH Network Company Profile
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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