DISH Network Corp (NASDAQ:DISH) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in DISH Network Corp (NASDAQ:DISH) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 746,109 shares of the company’s stock after selling 17,700 shares during the period. Swiss National Bank’s holdings in DISH Network were worth $28,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Investors Research Corp acquired a new stake in shares of DISH Network during the 1st quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its position in shares of DISH Network by 38.5% during the 1st quarter. Global Retirement Partners LLC now owns 1,051 shares of the company’s stock valued at $33,000 after acquiring an additional 292 shares during the period. Bessemer Group Inc. lifted its position in shares of DISH Network by 50.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,279 shares of the company’s stock valued at $49,000 after acquiring an additional 428 shares during the period. Trust Co. of Vermont lifted its position in shares of DISH Network by 4,000.0% during the 2nd quarter. Trust Co. of Vermont now owns 2,460 shares of the company’s stock valued at $85,000 after acquiring an additional 2,400 shares during the period. Finally, Penserra Capital Management LLC lifted its position in shares of DISH Network by 14.1% during the 1st quarter. Penserra Capital Management LLC now owns 3,213 shares of the company’s stock valued at $101,000 after acquiring an additional 397 shares during the period. Hedge funds and other institutional investors own 48.23% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Moffett Nathanson downgraded shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price target for the company. in a research report on Thursday, July 25th. Credit Suisse Group upgraded shares of DISH Network from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $26.00 to $34.00 in a research report on Monday, May 6th. ValuEngine downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Pivotal Research reiterated a “hold” rating and set a $33.00 price target (down from $37.00) on shares of DISH Network in a research report on Monday, May 20th. Finally, Barclays downgraded shares of DISH Network from an “equal weight” rating to an “underweight” rating and set a $31.00 price target for the company. in a research report on Monday, July 29th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $35.83.

Shares of DISH opened at $32.14 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $36.80 and a 200-day simple moving average of $34.78. DISH Network Corp has a 1-year low of $23.22 and a 1-year high of $44.65. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 10.71 and a beta of 1.40.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). DISH Network had a return on equity of 16.24% and a net margin of 10.88%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities analysts expect that DISH Network Corp will post 2.46 earnings per share for the current fiscal year.

In other news, Chairman Charles W. Ergen bought 300,005 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $31.70 per share, with a total value of $9,510,158.50. Following the purchase, the chairman now owns 1,656,075 shares of the company’s stock, valued at $52,497,577.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles W. Ergen bought 100,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $30.94 per share, with a total value of $3,094,000.00. Following the completion of the purchase, the chairman now directly owns 1,656,075 shares in the company, valued at approximately $51,238,960.50. The disclosure for this purchase can be found here. Company insiders own 52.80% of the company’s stock.

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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