Trexquant Investment LP Acquires 23,990 Shares of DISH Network Corp (DISH)

Trexquant Investment LP raised its holdings in DISH Network Corp (NASDAQ:DISH) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,940 shares of the company’s stock after purchasing an additional 23,990 shares during the quarter. Trexquant Investment LP’s holdings in DISH Network were worth $5,576,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFM Investors Pty Ltd increased its stake in DISH Network by 15.0% in the third quarter. IFM Investors Pty Ltd now owns 11,685 shares of the company’s stock valued at $418,000 after purchasing an additional 1,520 shares during the period. Xact Kapitalforvaltning AB increased its stake in DISH Network by 4.6% in the second quarter. Xact Kapitalforvaltning AB now owns 34,630 shares of the company’s stock valued at $1,164,000 after purchasing an additional 1,531 shares during the period. CIBC Asset Management Inc increased its stake in DISH Network by 4.7% in the second quarter. CIBC Asset Management Inc now owns 39,273 shares of the company’s stock valued at $1,320,000 after purchasing an additional 1,758 shares during the period. Verition Fund Management LLC increased its stake in DISH Network by 3.8% in the second quarter. Verition Fund Management LLC now owns 50,689 shares of the company’s stock valued at $1,704,000 after purchasing an additional 1,876 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in shares of DISH Network by 30.2% during the second quarter. Riverhead Capital Management LLC now owns 8,472 shares of the company’s stock worth $285,000 after acquiring an additional 1,966 shares during the period. Institutional investors own 47.68% of the company’s stock.

Shares of DISH Network stock opened at $30.92 on Friday. DISH Network Corp has a 52-week low of $27.54 and a 52-week high of $52.53. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 1.67. The stock has a market cap of $14.62 billion, a PE ratio of 12.17 and a beta of 1.25.

DISH Network (NASDAQ:DISH) last issued its earnings results on Wednesday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.15. DISH Network had a net margin of 19.01% and a return on equity of 20.26%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts anticipate that DISH Network Corp will post 2.83 earnings per share for the current fiscal year.

In related news, EVP James Defranco bought 5,000 shares of the stock in a transaction on Friday, October 26th. The shares were bought at an average cost of $28.99 per share, for a total transaction of $144,950.00. Following the completion of the transaction, the executive vice president now owns 1,248,529 shares of the company’s stock, valued at approximately $36,194,855.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 130,000 shares of company stock worth $4,172,350 over the last 90 days. 49.20% of the stock is currently owned by company insiders.

DISH has been the topic of a number of recent analyst reports. BidaskClub lowered shares of DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, July 27th. Cowen reiterated a “buy” rating and set a $60.00 price target on shares of DISH Network in a research note on Monday, August 6th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $50.00 price target on shares of DISH Network in a research note on Monday, August 6th. Pivotal Research reiterated a “buy” rating and set a $40.00 price target on shares of DISH Network in a research note on Monday, August 6th. Finally, Moffett Nathanson lowered shares of DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 price target on the stock. in a research note on Monday, August 13th. Four analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. DISH Network has an average rating of “Hold” and a consensus price target of $38.69.

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About DISH Network

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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