Personal Capital Advisors Corp Sells 20,757 Shares of DISH Network Corp (DISH)

Personal Capital Advisors Corp cut its stake in shares of DISH Network Corp (NASDAQ:DISH) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,158 shares of the company’s stock after selling 20,757 shares during the quarter. Personal Capital Advisors Corp’s holdings in DISH Network were worth $2,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DISH. FMR LLC lifted its holdings in shares of DISH Network by 22.7% during the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock worth $282,314,000 after purchasing an additional 831,768 shares during the period. Paulson & CO. Inc. lifted its holdings in shares of DISH Network by 15.9% during the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock worth $250,965,000 after purchasing an additional 548,700 shares during the period. Vanguard Group Inc. lifted its holdings in shares of DISH Network by 2.9% during the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock worth $921,246,000 after purchasing an additional 409,704 shares during the period. Sirios Capital Management L P lifted its holdings in shares of DISH Network by 101.2% during the third quarter. Sirios Capital Management L P now owns 787,708 shares of the company’s stock worth $42,718,000 after purchasing an additional 396,290 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of DISH Network by 86.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 753,654 shares of the company’s stock worth $40,871,000 after purchasing an additional 350,185 shares during the period. 48.54% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have commented on DISH. Zacks Investment Research raised DISH Network from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a $54.00 target price (down previously from $56.00) on shares of DISH Network in a report on Wednesday, November 22nd. Macquarie reissued a “hold” rating and issued a $60.00 target price (down previously from $68.00) on shares of DISH Network in a report on Monday, October 2nd. Moffett Nathanson reissued a “sell” rating on shares of DISH Network in a report on Monday, October 16th. Finally, SunTrust Banks reissued a “hold” rating and issued a $60.00 target price on shares of DISH Network in a report on Friday, November 10th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. DISH Network has an average rating of “Hold” and an average target price of $62.81.

DISH Network Corp (DISH) opened at $45.26 on Friday. DISH Network Corp has a 52-week low of $44.83 and a 52-week high of $66.50. The firm has a market capitalization of $21,107.32, a price-to-earnings ratio of 21.35, a PEG ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. sell-side analysts forecast that DISH Network Corp will post 2.02 EPS for the current year.

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

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