Nationwide Fund Advisors Acquires 32,445 Shares of DISH Network Corp (DISH)
Nationwide Fund Advisors boosted its holdings in shares of DISH Network Corp (NASDAQ:DISH) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,268 shares of the company’s stock after purchasing an additional 32,445 shares during the period. Nationwide Fund Advisors’ holdings in DISH Network were worth $9,559,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Sun Life Financial INC lifted its stake in DISH Network by 20,725.0% during the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after purchasing an additional 1,658 shares during the last quarter. IHT Wealth Management LLC lifted its stake in DISH Network by 32.2% during the second quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock valued at $1,593,000 after purchasing an additional 426 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its position in shares of DISH Network by 4.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after acquiring an additional 100 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new stake in shares of DISH Network in the 3rd quarter valued at approximately $140,000. Finally, Global X Management Co. LLC lifted its position in shares of DISH Network by 123.9% in the 2nd quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock valued at $189,000 after acquiring an additional 1,665 shares in the last quarter. 48.58% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on DISH shares. BidaskClub downgraded shares of DISH Network from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Morgan Stanley restated a “buy” rating and issued a $75.00 price target on shares of DISH Network in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Guggenheim restated a “neutral” rating and issued a $62.00 price target (down previously from $68.00) on shares of DISH Network in a research report on Thursday, August 24th. Finally, Citigroup upgraded shares of DISH Network from a “sell” rating to a “neutral” rating and set a $54.00 price target for the company in a research report on Friday, September 15th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $63.92.
DISH Network Corp (NASDAQ:DISH) opened at $49.31 on Thursday. The firm has a market cap of $24,064.02, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. DISH Network Corp has a 12 month low of $46.07 and a 12 month high of $66.50.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter last year, the company earned $0.64 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. equities research analysts expect that DISH Network Corp will post 1.98 earnings per share for the current year.
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About DISH Network
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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