GSA Capital Partners LLP reduced its stake in shares of Dish Network Corp. (NASDAQ:DISH) by 87.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,146 shares of the company’s stock after selling 28,997 shares during the period. GSA Capital Partners LLP’s holdings in Dish Network Corp. were worth $217,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Dodge & Cox boosted its position in shares of Dish Network Corp. by 23.7% in the first quarter. Dodge & Cox now owns 14,120,430 shares of the company’s stock valued at $653,211,000 after buying an additional 2,707,650 shares during the period. State Street Corp boosted its position in Dish Network Corp. by 4.0% in the first quarter. State Street Corp now owns 4,187,213 shares of the company’s stock valued at $193,705,000 after buying an additional 162,714 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Dish Network Corp. by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 3,037,971 shares of the company’s stock valued at $159,190,000 after buying an additional 21,331 shares during the last quarter. Institutional Capital LLC acquired a new position in Dish Network Corp. during the first quarter valued at about $120,147,000. Finally, Renaissance Technologies LLC boosted its position in Dish Network Corp. by 37.3% in the first quarter. Renaissance Technologies LLC now owns 2,168,779 shares of the company’s stock valued at $100,328,000 after buying an additional 588,872 shares during the last quarter. Hedge funds and other institutional investors own 45.34% of the company’s stock.
Dish Network Corp. (NASDAQ:DISH) traded down 0.47% during mid-day trading on Friday, hitting $54.78. The stock had a trading volume of 2,249,484 shares. The stock has a market cap of $25.46 billion, a PE ratio of 29.26 and a beta of 0.79. The firm’s 50-day moving average is $51.57 and its 200 day moving average is $50.13. Dish Network Corp. has a one year low of $38.85 and a one year high of $65.49.
Dish Network Corp. (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.86 billion. Dish Network Corp. had a net margin of 5.75% and a return on equity of 42.01%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. Equities research analysts expect that Dish Network Corp. will post $3.08 EPS for the current year.
Several equities analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Dish Network Corp. in a research report on Saturday, June 4th. Telsey Advisory Group dropped their target price on Dish Network Corp. from $69.00 to $62.00 and set a “market perform” rating on the stock in a research report on Monday, July 25th. Jefferies Group reiterated a “buy” rating and set a $80.00 target price on shares of Dish Network Corp. in a research report on Friday, July 22nd. Pacific Crest reiterated a “hold” rating on shares of Dish Network Corp. in a research report on Friday, July 22nd. Finally, Zacks Investment Research upgraded Dish Network Corp. from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $66.24.
In other Dish Network Corp. news, insider Carl E. Vogel sold 30,000 shares of Dish Network Corp. stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $53.54, for a total value of $1,606,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 49.40% of the stock is currently owned by company insiders.
About Dish Network Corp.
DISH Network Corporation is a holding company. The Company operates through two segments: DISH 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 (DBS) and Fixed Satellite Service (FSS) 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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