Point72 Asset Management L.P. Trims Stake in DISH Network Corp (DISH)

Point72 Asset Management L.P. reduced its position in shares of DISH Network Corp (NASDAQ:DISH) by 54.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,200 shares of the company’s stock after selling 263,500 shares during the period. Point72 Asset Management L.P.’s holdings in DISH Network were worth $11,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DISH. Sun Life Financial INC grew its holdings in shares of DISH Network by 20,725.0% during the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after purchasing an additional 1,658 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of DISH Network during the third quarter worth about $140,000. Quantbot Technologies LP bought a new stake in shares of DISH Network during the third quarter worth about $154,000. Paradigm Asset Management Co. LLC grew its holdings in shares of DISH Network by 4.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in shares of DISH Network by 123.9% in the second quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock worth $189,000 after acquiring an additional 1,665 shares during the period. Institutional investors own 48.58% of the company’s stock.

DISH Network Corp (NASDAQ DISH) opened at $48.57 on Friday. DISH Network Corp has a 12 month low of $46.07 and a 12 month high of $66.50. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $22,846.83, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 2.40 and a beta of 1.09.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period last year, the firm posted $0.64 earnings per share. DISH Network’s quarterly revenue was down 5.0% compared to the same quarter last year. equities research analysts anticipate that DISH Network Corp will post 1.98 EPS for the current year.

A number of equities analysts recently commented on the company. Guggenheim reaffirmed a “neutral” rating and issued a $62.00 price objective (down from $68.00) on shares of DISH Network in a research note on Thursday, August 24th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $88.50 price objective on shares of DISH Network in a research note on Thursday, August 31st. BidaskClub lowered DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Macquarie reaffirmed a “hold” rating and issued a $60.00 price objective (down from $68.00) on shares of DISH Network in a research note on Monday, October 2nd. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 price objective on shares of DISH Network in a research note on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $63.92.

COPYRIGHT VIOLATION WARNING: “Point72 Asset Management L.P. Trims Stake in DISH Network Corp (DISH)” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/12/16/point72-asset-management-l-p-trims-stake-in-dish-network-corp-dish.html.

DISH Network 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.

Institutional Ownership by Quarter for DISH Network (NASDAQ:DISH)

Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply