Glaxis Capital Management LLC acquired a new stake in shares of DISH Network Corporation (NASDAQ:DISH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,880 shares of the company’s stock, valued at approximately $1,436,000. DISH Network Corporation comprises 2.8% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 10th largest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elkfork Partners LLC bought a new position in DISH Network Corporation during the first quarter valued at approximately $110,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of DISH Network Corporation by 14.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company’s stock worth $107,000 after buying an additional 233 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock worth $121,000 after buying an additional 1,859 shares during the last quarter. Meadow Creek Investment Management LLC acquired a new stake in shares of DISH Network Corporation during the first quarter worth about $141,000. Finally, Huntington National Bank raised its stake in shares of DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock worth $147,000 after buying an additional 19 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors.
DISH Network Corporation (DISH) traded up 0.64% during trading on Monday, reaching $64.30. The company had a trading volume of 1,061,298 shares. The stock has a market cap of $29.96 billion, a P/E ratio of 21.72 and a beta of 0.97. DISH Network Corporation has a 12-month low of $48.51 and a 12-month high of $66.48. The firm has a 50-day moving average price of $63.92 and a 200 day moving average price of $62.06.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Monday, May 1st. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.09. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.76 billion. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Equities research analysts predict that DISH Network Corporation will post $2.72 EPS for the current fiscal year.
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DISH has been the topic of a number of analyst reports. Wells Fargo & Company reaffirmed an “outperform” rating and set a $88.50 target price on shares of DISH Network Corporation in a research report on Monday, March 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of DISH Network Corporation in a research report on Friday, March 31st. Macquarie lowered DISH Network Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $61.00 in a research report on Tuesday, April 18th. SunTrust Banks, Inc. initiated coverage on DISH Network Corporation in a research report on Tuesday, April 18th. They set a “hold” rating and a $60.00 target price on the stock. Finally, Deutsche Bank AG dropped their target price on DISH Network Corporation from $103.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.91.
In related news, EVP R Stanton Dodge sold 1,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $66.20, for a total value of $66,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tom A. Ortolf sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.55, for a total transaction of $302,750.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $302,750. The disclosure for this sale can be found here. In the last three months, insiders sold 6,100 shares of company stock worth $375,279. 49.30% of the stock is currently owned by insiders.
DISH Network Corporation Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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