Comerica Bank trimmed its stake in shares of DISH Network Corp (NASDAQ:DISH) by 19.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,396 shares of the company’s stock after selling 10,254 shares during the quarter. Comerica Bank’s holdings in DISH Network were worth $1,379,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its stake in shares of DISH Network by 1.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 517,875 shares of the company’s stock valued at $17,406,000 after purchasing an additional 6,880 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in DISH Network during the third quarter worth about $1,311,000. Commonwealth Bank of Australia grew its position in DISH Network by 7,273.2% during the second quarter. Commonwealth Bank of Australia now owns 21,456 shares of the company’s stock worth $715,000 after buying an additional 21,165 shares in the last quarter. Signet Financial Management LLC grew its position in DISH Network by 188,000.0% during the second quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock worth $126,000 after buying an additional 3,760 shares in the last quarter. Finally, Trexquant Investment LP grew its position in DISH Network by 140.2% during the second quarter. Trexquant Investment LP now owns 131,950 shares of the company’s stock worth $4,435,000 after buying an additional 77,026 shares in the last quarter. Institutional investors own 48.64% of the company’s stock.
DISH has been the subject of several recent analyst reports. BidaskClub upgraded DISH Network from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Moffett Nathanson cut DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 target price for the company. in a research report on Monday, August 13th. Zacks Investment Research upgraded DISH Network from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Wednesday, August 29th. Morgan Stanley boosted their target price on DISH Network from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Finally, Macquarie cut DISH Network from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $36.00 to $31.00 in a report on Tuesday, October 23rd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.69.
DISH opened at $31.93 on Thursday. DISH Network Corp has a 12-month low of $27.54 and a 12-month high of $52.53. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.62 and a quick ratio of 0.56. The stock has a market capitalization of $15.32 billion, a PE ratio of 12.57 and a beta of 1.22.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.15. DISH Network had a return on equity of 20.26% and a net margin of 19.01%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the business earned $0.57 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts expect that DISH Network Corp will post 2.96 EPS for the current year.
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DISH Network Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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