Dimensional Fund Advisors LP raised its position in shares of DISH Network Corporation (NASDAQ:DISH) by 27.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 546,279 shares of the company’s stock after buying an additional 118,638 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of DISH Network Corporation worth $34,682,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in DISH Network Corporation by 41.1% in the first quarter. Vanguard Group Inc. now owns 14,269,188 shares of the company’s stock valued at $905,951,000 after buying an additional 4,158,136 shares in the last quarter. Geode Capital Management LLC boosted its stake in DISH Network Corporation by 44.8% in the first quarter. Geode Capital Management LLC now owns 2,162,521 shares of the company’s stock valued at $137,101,000 after buying an additional 669,308 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in DISH Network Corporation by 78.6% in the first quarter. Bank of New York Mellon Corp now owns 1,850,880 shares of the company’s stock valued at $117,511,000 after buying an additional 814,395 shares in the last quarter. Gabelli Funds LLC boosted its stake in DISH Network Corporation by 0.9% in the first quarter. Gabelli Funds LLC now owns 1,702,100 shares of the company’s stock valued at $108,066,000 after buying an additional 15,600 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in DISH Network Corporation by 20.1% in the first quarter. TIAA CREF Investment Management LLC now owns 1,570,541 shares of the company’s stock valued at $99,714,000 after buying an additional 262,302 shares in the last quarter. 49.99% of the stock is owned by institutional investors.
Shares of DISH Network Corporation (NASDAQ DISH) opened at 59.71 on Wednesday. The company has a 50-day moving average price of $64.03 and a 200-day moving average price of $62.81. DISH Network Corporation has a 52-week low of $48.51 and a 52-week high of $66.50. The stock has a market capitalization of $27.82 billion, a price-to-earnings ratio of 20.17 and a beta of 0.96.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.67. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the firm posted $0.88 earnings per share. DISH Network Corporation’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that DISH Network Corporation will post $2.46 earnings per share for the current year.
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DISH has been the subject of several research analyst reports. BidaskClub downgraded DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Sunday. TheStreet downgraded DISH Network Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Telsey Advisory Group lowered their target price on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. Macquarie reaffirmed a “hold” rating and issued a $68.00 price objective on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Finally, Citigroup Inc. downgraded DISH Network Corporation from a “buy” rating to a “sell” rating and lowered their price objective for the company from $94.00 to $52.00 in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $70.31.
In other DISH Network Corporation news, EVP R Stanton Dodge sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 49.30% of the stock is currently owned by insiders.
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.
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