Segantii Capital Management Ltd Sells 7,500 Shares of DISH Network Corp (DISH)

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Segantii Capital Management Ltd reduced its position in DISH Network Corp (NASDAQ:DISH) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 70,000 shares of the company’s stock after selling 7,500 shares during the quarter. DISH Network makes up about 0.1% of Segantii Capital Management Ltd’s holdings, making the stock its 28th largest holding. Segantii Capital Management Ltd’s holdings in DISH Network were worth $1,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of DISH Network by 15.7% during the 3rd quarter. Bank of Montreal Can now owns 253,391 shares of the company’s stock valued at $9,061,000 after acquiring an additional 34,400 shares during the period. Eidelman Virant Capital grew its position in shares of DISH Network by 80.1% during the 3rd quarter. Eidelman Virant Capital now owns 219,270 shares of the company’s stock valued at $7,841,000 after acquiring an additional 97,505 shares during the period. Aperio Group LLC grew its position in shares of DISH Network by 17.2% during the 3rd quarter. Aperio Group LLC now owns 82,469 shares of the company’s stock valued at $2,949,000 after acquiring an additional 12,123 shares during the period. Seven Eight Capital LP bought a new stake in shares of DISH Network during the 3rd quarter valued at $1,422,000. Finally, IFM Investors Pty Ltd grew its position in shares of DISH Network by 15.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 11,685 shares of the company’s stock valued at $418,000 after acquiring an additional 1,520 shares during the period. 48.84% of the stock is currently owned by institutional investors.

Shares of DISH stock opened at $31.37 on Tuesday. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 12.35 and a beta of 1.57. DISH Network Corp has a 52 week low of $23.22 and a 52 week high of $46.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.56 and a current ratio of 0.62.

Several research analysts recently weighed in on the stock. HSBC downgraded shares of DISH Network from a “hold” rating to a “reduce” rating in a report on Friday, January 25th. Pivotal Research dropped their target price on shares of DISH Network from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Guggenheim raised shares of DISH Network from a “neutral” rating to a “buy” rating and upped their target price for the stock from $32.00 to $50.00 in a report on Wednesday, October 24th. BidaskClub raised shares of DISH Network from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Morgan Stanley dropped their target price on shares of DISH Network from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, December 6th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.07.

In related news, insider James Defranco purchased 5,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were acquired at an average price of $32.99 per share, for a total transaction of $164,950.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 200,000 shares of company stock worth $5,727,900. Corporate insiders own 49.20% of the company’s stock.

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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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Want to see what other hedge funds are holding DISH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DISH Network Corp (NASDAQ:DISH).

Institutional Ownership by Quarter for DISH Network (NASDAQ:DISH)

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