Bp Plc continued to hold its stake in shares of DISH Network Corporation (NASDAQ:DISH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the company’s stock at the end of the second quarter. Bp Plc’s holdings in DISH Network Corporation were worth $1,695,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DISH. Elkfork Partners LLC bought a new stake in shares of DISH Network Corporation during the first quarter valued at about $110,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after buying an additional 1,859 shares during the last quarter. Meadow Creek Investment Management LLC bought a new stake in shares of DISH Network Corporation during the first quarter valued at about $141,000. Huntington National Bank boosted its stake in shares of DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock valued at $147,000 after buying an additional 19 shares during the last quarter. Finally, First Manhattan Co. boosted its stake in shares of DISH Network Corporation by 35.0% in the first quarter. First Manhattan Co. now owns 2,700 shares of the company’s stock valued at $147,000 after buying an additional 700 shares during the last quarter. Institutional investors own 49.99% of the company’s stock.

DISH Network Corporation (NASDAQ DISH) opened at 58.46 on Friday. The firm has a market cap of $27.25 billion, a price-to-earnings ratio of 27.19 and a beta of 0.96. The company’s 50-day moving average price is $63.38 and its 200 day moving average price is $62.74. DISH Network Corporation has a 1-year low of $48.51 and a 1-year high of $66.50.

DISH Network Corporation (NASDAQ:DISH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.67. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the business posted $0.88 EPS. DISH Network Corporation’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts expect that DISH Network Corporation will post $2.38 earnings per share for the current fiscal year.

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Several analysts have issued reports on DISH shares. Jefferies Group LLC restated a “buy” rating and issued a $80.00 target price on shares of DISH Network Corporation in a report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) decreased their price target on DISH Network Corporation from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG decreased their price target on DISH Network Corporation from $103.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. BidaskClub raised DISH Network Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, TheStreet lowered DISH Network Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $70.31.

In related news, EVP R Stanton Dodge sold 1,000 shares of DISH Network Corporation stock in a transaction on Monday, June 5th. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Insiders sold 26,100 shares of company stock worth $1,565,779 in the last quarter. 49.30% of the stock is owned by insiders.

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

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