Norinchukin Bank The raised its holdings in DISH Network Corp (NASDAQ:DISH) by 13.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,464 shares of the company’s stock after acquiring an additional 3,524 shares during the quarter. Norinchukin Bank The’s holdings in DISH Network were worth $1,054,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of DISH. Key Square Capital Management LLC acquired a new position in DISH Network in the second quarter valued at approximately $71,822,000. BlueMountain Capital Management LLC acquired a new position in DISH Network in the second quarter valued at approximately $32,423,000. First Trust Advisors LP lifted its stake in DISH Network by 286.6% in the second quarter. First Trust Advisors LP now owns 803,108 shares of the company’s stock valued at $26,992,000 after buying an additional 595,347 shares during the period. Worldquant Millennium Quantitative Strategies LLC acquired a new position in DISH Network in the second quarter valued at approximately $12,173,000. Finally, Toronto Dominion Bank lifted its stake in DISH Network by 242.8% in the second quarter. Toronto Dominion Bank now owns 421,397 shares of the company’s stock valued at $14,163,000 after buying an additional 298,465 shares during the period. 47.68% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on DISH. BidaskClub raised DISH Network from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised DISH Network from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Monday, September 17th. Moffett Nathanson lowered 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. Macquarie lowered DISH Network from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $36.00 to $31.00 in a research note on Tuesday, October 23rd. Finally, Morgan Stanley boosted their price target on DISH Network from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.69.
NASDAQ DISH opened at $30.67 on Friday. The company has a market cap of $14.34 billion, a PE ratio of 10.50 and a beta of 1.25. DISH Network Corp has a 52 week low of $27.54 and a 52 week high of $52.53. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 1.67.
DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.15. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.40 billion. DISH Network had a return on equity of 20.26% and a net margin of 19.01%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, equities analysts anticipate that DISH Network Corp will post 2.85 earnings per share for the current fiscal year.
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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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