48.1% Stake of DISH Network Corp (DISH) Maintained by Ergen Charles W

48.1% Stake of DISH Network Corp (DISH) Maintained by  				 					Ergen Charles W

stated that they own a 48.1% stake in DISH Network Corp (NASDAQ:DISH) in a Schedule 13D/A disclosure that was filed with the SEC on Wednesday, May 31st. The investor owns 208,113,664 shares of the stock valued at $13,271,408,353. The reporting parties listed on the disclosure included Charles W Ergen, Cantey M Ergen, Ergen ThreeYear 2014 DISH GRAT, Ergen ThreeYear 2015 DISH GRAT and Ergen ThreeYear 2017 DISH GRAT. The filing is available through EDGAR at this hyperlink.

Ergen Charles W

A number of other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in DISH Network Corp by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 24,440,962 shares of the company’s stock worth $1,338,875,000 after buying an additional 1,712,291 shares in the last quarter. Dodge & Cox acquired a new stake in DISH Network Corp during the fourth quarter worth $942,242,000. Vanguard Group Inc. increased its stake in DISH Network Corp by 41.1% in the first quarter. Vanguard Group Inc. now owns 14,269,188 shares of the company’s stock worth $905,951,000 after buying an additional 4,158,136 shares in the last quarter. Franklin Resources Inc. increased its stake in DISH Network Corp by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 9,652,643 shares of the company’s stock worth $559,179,000 after buying an additional 138,830 shares in the last quarter. Finally, State Street Corp increased its stake in DISH Network Corp by 126.2% in the first quarter. State Street Corp now owns 9,069,843 shares of the company’s stock worth $575,841,000 after buying an additional 5,059,383 shares in the last quarter. Hedge funds and other institutional investors own 47.98% of the company’s stock.

DISH Network Corp (DISH) traded up 0.22% on Wednesday, hitting $63.77. DISH Network Corp has a 52-week low of $48.51 and a 52-week high of $65.61. The firm has a market capitalization of $29.71 billion, a P/E ratio of 21.54 and a beta of 1.09. The firm has a 50 day moving average price of $62.12 and a 200-day moving average price of $60.89.

DISH Network Corp (NASDAQ:DISH) last released its quarterly earnings data on Monday, May 1st. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.76 billion. DISH Network Corp had a return on equity of 40.84% and a net margin of 6.48%. DISH Network Corp’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. On average, equities research analysts forecast that DISH Network Corp will post $2.73 EPS for the current fiscal year.

DISH has been the subject of a number of analyst reports. Wells Fargo & Co reissued an “outperform” rating and set a $88.50 price objective on shares of DISH Network Corp in a report on Monday, March 20th. Jefferies Group LLC reissued a “buy” rating and set a $80.00 price objective on shares of DISH Network Corp in a report on Friday, February 24th. Pivotal Research cut DISH Network Corp from a “buy” rating to a “hold” rating and cut their price objective for the company from $86.00 to $70.00 in a report on Monday, May 1st. SunTrust Banks, Inc. initiated coverage on DISH Network Corp in a report on Tuesday, April 18th. They set a “hold” rating and a $60.00 price objective for the company. Finally, Zacks Investment Research cut DISH Network Corp from a “hold” rating to a “sell” rating in a report on Tuesday, January 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $68.86.

In related news, Director Tom A. Ortolf sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $60.55, for a total value of $302,750.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $302,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Kyle J. Kiser sold 32,500 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $61.90, for a total value of $2,011,750.00. The disclosure for this sale can be found here. Insiders sold 46,378 shares of company stock worth $2,864,048 over the last ninety days. 49.40% of the stock is currently owned by insiders.

About DISH Network Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DISH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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