Capital Fund Management S.A. Takes $935,000 Position in DISH Network Corp (DISH)
Capital Fund Management S.A. purchased a new position in shares of DISH Network Corp (NASDAQ:DISH) in the 4th quarter, HoldingsChannel reports. The fund purchased 19,576 shares of the company’s stock, valued at approximately $935,000.
A number of other large investors have also recently made changes to their positions in the business. Gamco Investors INC. ET AL increased its stake in DISH Network by 0.9% during the third quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock worth $153,496,000 after acquiring an additional 25,695 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of DISH Network by 5.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,130,000 shares of the company’s stock worth $61,280,000 after buying an additional 60,000 shares during the period. Legal & General Group Plc boosted its position in shares of DISH Network by 6.7% in the third quarter. Legal & General Group Plc now owns 1,118,161 shares of the company’s stock worth $60,634,000 after buying an additional 70,398 shares during the period. Swiss National Bank boosted its position in shares of DISH Network by 1.0% in the third quarter. Swiss National Bank now owns 837,409 shares of the company’s stock worth $45,413,000 after buying an additional 8,300 shares during the period. Finally, Sirios Capital Management L P boosted its position in shares of DISH Network by 101.2% in the third quarter. Sirios Capital Management L P now owns 787,708 shares of the company’s stock worth $42,718,000 after buying an additional 396,290 shares during the period. Institutional investors own 49.22% of the company’s stock.
DISH has been the subject of several analyst reports. Zacks Investment Research downgraded DISH Network from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Pivotal Research raised DISH Network from a “hold” rating to a “buy” rating and decreased their target price for the stock from $68.00 to $65.00 in a research report on Monday, November 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $54.00 target price (down previously from $56.00) on shares of DISH Network in a research report on Wednesday, November 22nd. Morgan Stanley downgraded DISH Network from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $75.00 to $55.00 in a research report on Wednesday, January 17th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $60.00 target price on shares of DISH Network in a research report on Friday, November 10th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.81.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $2.09. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.52 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. DISH Network’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. equities analysts forecast that DISH Network Corp will post 2.02 EPS for the current fiscal year.
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DISH Network 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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