Crestline Management LP bought a new position in DISH Network Corp (NASDAQ:DISH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 64,973 shares of the company’s stock, valued at approximately $3,523,000. DISH Network comprises 0.5% of Crestline Management LP’s portfolio, making the stock its 29th largest position.
A number of other hedge funds have also recently modified their holdings of DISH. Sun Life Financial INC grew its position in shares of DISH Network by 20,725.0% during the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after acquiring an additional 1,658 shares during the period. Rockefeller Financial Services Inc. acquired a new stake in shares of DISH Network during the 3rd quarter valued at about $140,000. Quantbot Technologies LP acquired a new stake in shares of DISH Network during the 3rd quarter valued at about $154,000. Paradigm Asset Management Co. LLC grew its position in shares of DISH Network by 4.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after acquiring an additional 100 shares during the period. Finally, Global X Management Co. LLC grew its position in shares of DISH Network by 123.9% during the 2nd quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock valued at $189,000 after acquiring an additional 1,665 shares during the period. Institutional investors own 48.54% of the company’s stock.
Shares of DISH Network Corp (NASDAQ DISH) traded up $2.45 during mid-day trading on Tuesday, hitting $50.20. 2,880,000 shares of the company were exchanged, compared to its average volume of 2,020,000. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $23,410.00, a P/E ratio of 23.68, a P/E/G ratio of 2.33 and a beta of 1.09. DISH Network Corp has a 12-month low of $46.07 and a 12-month high of $66.50.
DISH Network (NASDAQ:DISH) last issued its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. equities analysts expect that DISH Network Corp will post 1.98 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. Macquarie reiterated a “hold” rating and issued a $60.00 price objective (down from $68.00) on shares of DISH Network in a report on Monday, October 2nd. Deutsche Bank reiterated a “buy” rating and issued a $99.00 price objective on shares of DISH Network in a report on Thursday, October 5th. Moffett Nathanson reissued a “sell” rating and issued a $37.00 target price (down from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. Jefferies Group reissued a “buy” rating and issued a $80.00 target price on shares of DISH Network in a research note on Monday, September 25th. Finally, Citigroup raised shares of DISH Network from a “sell” rating to a “neutral” rating and set a $54.00 target price on the stock in a research note on Friday, September 15th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. DISH Network has a consensus rating of “Hold” and an average price target of $63.92.
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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.
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