Victory Capital Management Inc. trimmed its holdings in DISH Network Corporation (NASDAQ:DISH) by 90.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,817 shares of the company’s stock after selling 219,840 shares during the period. Victory Capital Management Inc.’s holdings in DISH Network Corporation were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Honkamp Krueger Financial Services Inc. grew its stake in DISH Network Corporation by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 12,835 shares of the company’s stock valued at $806,000 after acquiring an additional 48 shares during the period. Private Capital Advisors Inc. grew its stake in DISH Network Corporation by 0.7% in the second quarter. Private Capital Advisors Inc. now owns 10,772 shares of the company’s stock valued at $676,000 after acquiring an additional 72 shares during the period. Louisiana State Employees Retirement System grew its stake in DISH Network Corporation by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock valued at $885,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System grew its stake in DISH Network Corporation by 0.4% in the second quarter. Arizona State Retirement System now owns 56,400 shares of the company’s stock valued at $3,540,000 after acquiring an additional 200 shares during the period. Finally, Cadence Capital Management LLC grew its stake in DISH Network Corporation by 3.6% in the second quarter. Cadence Capital Management LLC now owns 7,618 shares of the company’s stock valued at $478,000 after acquiring an additional 265 shares during the period. 48.93% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the sale, the executive vice president now owns 165 shares of the company’s stock, valued at approximately $9,340.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The disclosure for this sale can be found here. Insiders sold a total of 25,885 shares of company stock worth $1,544,018 in the last 90 days. Company insiders own 49.30% of the company’s stock.
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Shares of DISH Network Corporation (DISH) opened at 54.59 on Wednesday. The company has a market cap of $25.45 billion, a price-to-earnings ratio of 25.39 and a beta of 0.98. The firm has a 50-day moving average price of $59.24 and a 200 day moving average price of $62.14. DISH Network Corporation has a 1-year low of $49.42 and a 1-year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. DISH Network Corporation’s quarterly revenue was down 5.7% on a year-over-year basis. On average, analysts predict that DISH Network Corporation will post $2.23 EPS for the current fiscal year.
A number of research firms have issued reports on DISH. Royal Bank Of Canada set a $56.00 target price on DISH Network Corporation and gave the company a “hold” rating in a research note on Saturday, May 20th. BidaskClub cut DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, August 6th. Telsey Advisory Group decreased their target price on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. TheStreet cut DISH Network Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Finally, Guggenheim reissued a “neutral” rating and issued a $62.00 target price (down from $68.00) on shares of DISH Network Corporation in a research note on Thursday, August 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $69.87.
About DISH Network Corporation
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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