DISH Network Corporation (DISH) Shares Bought by American Century Companies Inc.
American Century Companies Inc. boosted its position in shares of DISH Network Corporation (NASDAQ:DISH) by 184.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,430,365 shares of the company’s stock after buying an additional 927,537 shares during the period. American Century Companies Inc. owned approximately 0.31% of DISH Network Corporation worth $89,770,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Elkfork Partners LLC bought a new stake in DISH Network Corporation during the first quarter worth $110,000. Bronfman E.L. Rothschild L.P. boosted its stake in 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 worth $121,000 after buying an additional 1,859 shares during the last quarter. Meadow Creek Investment Management LLC bought a new stake in DISH Network Corporation during the first quarter worth $141,000. First Manhattan Co. boosted its stake in DISH Network Corporation by 35.0% in the first quarter. First Manhattan Co. now owns 2,700 shares of the company’s stock worth $147,000 after buying an additional 700 shares during the last quarter. Finally, Huntington National Bank boosted its stake in DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock worth $147,000 after buying an additional 19 shares during the last quarter. 48.91% of the stock is owned by hedge funds and other institutional investors.
DISH Network Corporation (NASDAQ DISH) opened at 56.64 on Monday. The company has a 50-day moving average price of $61.72 and a 200 day moving average price of $62.51. The stock has a market capitalization of $26.40 billion, a P/E ratio of 26.34 and a beta of 0.96. 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 announced its quarterly 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. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. On average, equities analysts predict that DISH Network Corporation will post $2.33 EPS for the current year.
A number of analysts have weighed in on DISH shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) decreased their price objective on DISH Network Corporation from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Tuesday, May 2nd. BidaskClub raised DISH Network Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. TheStreet cut DISH Network Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $56.00 price objective on DISH Network Corporation and gave the stock a “hold” rating in a research report on Saturday, May 20th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $69.87.
In other news, 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 transaction of $1,493,250.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $66,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,100 shares of company stock worth $1,565,779. Insiders own 49.30% of the company’s stock.
DISH Network Corporation Company Profile
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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