Mn Services Vermogensbeheer B.V. Acquires 30,788 Shares of DISH Network Corporation (DISH)

Mn Services Vermogensbeheer B.V. increased its position in DISH Network Corporation (NASDAQ:DISH) by 509.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,831 shares of the company’s stock after buying an additional 30,788 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DISH Network Corporation were worth $2,312,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position 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 valued at $107,000 after buying an additional 233 shares in the last quarter. Elkfork Partners LLC acquired a new position in shares of DISH Network Corporation during the first quarter valued at $110,000. Bronfman E.L. Rothschild L.P. raised its position 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 valued at $121,000 after buying an additional 1,859 shares in the last quarter. Meadow Creek Investment Management LLC acquired a new position in shares of DISH Network Corporation during the first quarter valued at $141,000. Finally, Huntington National Bank raised its position 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 valued at $147,000 after buying an additional 19 shares in the last quarter. Institutional investors own 50.04% of the company’s stock.

Shares of DISH Network Corporation (NASDAQ DISH) opened at 63.94 on Friday. DISH Network Corporation has a 12 month low of $48.51 and a 12 month high of $66.50. The stock’s 50 day moving average is $64.34 and its 200 day moving average is $62.78. The company has a market cap of $29.79 billion, a P/E ratio of 21.59 and a beta of 0.97.

DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Monday, May 1st. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was down 3.9% compared to the same quarter last year. On average, analysts anticipate that DISH Network Corporation will post $2.71 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by [[site]] and is the sole property of of [[site]]. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at [[permalink]].

Several brokerages recently weighed in on DISH. UBS AG restated a “neutral” rating and issued a $68.00 price objective (up from $63.00) on shares of DISH Network Corporation in a report on Tuesday, May 2nd. Barclays PLC upgraded shares of DISH Network Corporation from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $62.00 to $74.00 in a report on Thursday, April 27th. Macquarie restated a “hold” rating and issued a $65.00 price objective on shares of DISH Network Corporation in a report on Monday, May 1st. Wells Fargo & Company restated an “outperform” rating on shares of DISH Network Corporation in a report on Wednesday, June 28th. Finally, Hilliard Lyons lowered shares of DISH Network Corporation from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.97.

In related news, EVP R Stanton Dodge sold 1,000 shares of the business’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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tom A. Ortolf sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $60.55, for a total transaction of $302,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $302,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,100 shares of company stock valued at $375,279. Company insiders own 49.30% of the company’s stock.

About DISH Network Corporation

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.