Texas Permanent School Fund decreased its position in DISH Network Corp (NASDAQ:DISH) by 3.2% in the first quarter, Holdings Channel reports. The institutional investor owned 44,638 shares of the company’s stock after selling 1,471 shares during the quarter. Texas Permanent School Fund’s holdings in DISH Network were worth $1,415,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D increased its stake in DISH Network by 1.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,110,000 shares of the company’s stock worth $35,176,000 after purchasing an additional 20,000 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of DISH Network by 42.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 28,540 shares of the company’s stock valued at $905,000 after buying an additional 8,449 shares during the period. Moors & Cabot Inc. purchased a new position in shares of DISH Network during the first quarter valued at approximately $204,000. Public Employees Retirement Association of Colorado increased its stake in shares of DISH Network by 5.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 42,690 shares of the company’s stock valued at $1,353,000 after buying an additional 2,247 shares during the period. Finally, Dowling & Yahnke LLC purchased a new position in shares of DISH Network during the first quarter valued at approximately $285,000. Institutional investors own 66.49% of the company’s stock.

DISH has been the topic of several research analyst reports. HSBC cut DISH Network from a “hold” rating to a “reduce” rating in a research note on Friday, January 25th. Zacks Investment Research cut DISH Network from a “hold” rating to a “sell” rating in a research note on Monday, February 11th. Pivotal Research reissued a “buy” rating and set a $37.00 target price on shares of DISH Network in a research note on Wednesday, February 13th. Barclays cut DISH Network from an “overweight” rating to an “equal weight” rating and set a $31.00 target price on the stock. in a research note on Thursday, February 14th. Finally, SunTrust Banks reduced their target price on DISH Network to $30.00 and set a “hold” rating on the stock in a research note on Thursday, February 14th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.71.

DISH stock traded up $0.45 during midday trading on Friday, hitting $34.71. The stock had a trading volume of 170,696 shares, compared to its average volume of 2,790,935. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 11.57 and a beta of 1.61. DISH Network Corp has a 52-week low of $23.22 and a 52-week high of $37.47. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.60.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.65 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. DISH Network had a return on equity of 18.42% and a net margin of 11.59%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share. Equities research analysts expect that DISH Network Corp will post 2.43 earnings per share for the current fiscal year.

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

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