DISH Network Corp (DISH) Shares Sold by DNB Asset Management AS
DNB Asset Management AS cut its holdings in shares of DISH Network Corp (NASDAQ:DISH) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,723 shares of the company’s stock after selling 2,765 shares during the period. DNB Asset Management AS’s holdings in DISH Network were worth $847,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Great West Life Assurance Co. Can boosted its position in shares of DISH Network by 0.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 144,780 shares of the company’s stock valued at $3,435,000 after purchasing an additional 506 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of DISH Network by 23.1% during the fourth quarter. Bessemer Group Inc. now owns 2,950 shares of the company’s stock valued at $73,000 after purchasing an additional 554 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of DISH Network by 8.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 12,566 shares of the company’s stock valued at $314,000 after purchasing an additional 1,000 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of DISH Network during the fourth quarter valued at approximately $27,000. Finally, State of Alaska Department of Revenue boosted its position in shares of DISH Network by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 47,268 shares of the company’s stock valued at $1,497,000 after purchasing an additional 1,122 shares in the last quarter. 48.21% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on DISH. BidaskClub raised DISH Network from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Zacks Investment Research downgraded DISH Network from a “hold” rating to a “sell” rating in a report on Monday, February 11th. HSBC downgraded DISH Network from a “hold” rating to a “reduce” rating in a report on Friday, January 25th. Pivotal Research reissued a “buy” rating and issued a $37.00 target price on shares of DISH Network in a report on Wednesday, February 13th. Finally, Barclays downgraded DISH Network from an “overweight” rating to an “equal weight” rating and set a $31.00 target price on the stock. in a report on Thursday, February 14th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. DISH Network presently has an average rating of “Hold” and an average target price of $37.71.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Wednesday, February 13th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. DISH Network had a net margin of 11.56% and a return on equity of 19.71%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. On average, research analysts predict that DISH Network Corp will post 2.53 earnings per share for the current fiscal year.
In other DISH Network news, insider James Defranco purchased 20,000 shares of the stock in a transaction dated Wednesday, January 23rd. The shares were purchased at an average cost of $29.44 per share, with a total value of $588,800.00. Following the completion of the acquisition, the insider now directly owns 1,468,529 shares in the company, valued at approximately $43,233,493.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have bought 75,000 shares of company stock worth $2,240,500. Corporate insiders own 52.80% of the company’s stock.
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DISH Network Profile
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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