The Northern Trust Corp Buys 28,968 Shares of Dish Network Corp. (DISH)

The Northern Trust Corp Buys 28,968 Shares of Dish Network Corp. (DISH)

Northern Trust Corp raised its position in shares of Dish Network Corp. (NASDAQ:DISH) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,197,011 shares of the company’s stock after buying an additional 28,968 shares during the period. Northern Trust Corp owned about 0.26% of Dish Network Corp. worth $65,573,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. American International Group Inc. boosted its position in shares of Dish Network Corp. by 0.3% in the third quarter. American International Group Inc. now owns 18,115 shares of the company’s stock valued at $992,000 after buying an additional 46 shares during the period. Brinker Capital Inc. boosted its position in shares of Dish Network Corp. by 0.6% in the second quarter. Brinker Capital Inc. now owns 11,507 shares of the company’s stock valued at $603,000 after buying an additional 69 shares during the period. Bailard Inc. boosted its position in shares of Dish Network Corp. by 0.7% in the third quarter. Bailard Inc. now owns 19,588 shares of the company’s stock valued at $1,073,000 after buying an additional 139 shares during the period. Mackenzie Financial Corp boosted its position in shares of Dish Network Corp. by 0.3% in the second quarter. Mackenzie Financial Corp now owns 54,833 shares of the company’s stock valued at $2,873,000 after buying an additional 158 shares during the period. Finally, Levin Capital Strategies L.P. boosted its position in shares of Dish Network Corp. by 1.2% in the second quarter. Levin Capital Strategies L.P. now owns 14,164 shares of the company’s stock valued at $742,000 after buying an additional 167 shares during the period. 48.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dish Network Corp. (NASDAQ:DISH) opened at 61.35 on Thursday. The firm’s 50-day moving average price is $59.37 and its 200 day moving average price is $55.01. Dish Network Corp. has a 12 month low of $38.85 and a 12 month high of $62.97. The firm has a market capitalization of $28.53 billion, a P/E ratio of 29.23 and a beta of 1.05.

Dish Network Corp. (NASDAQ:DISH) last issued its earnings results on Wednesday, November 9th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Dish Network Corp. had a return on equity of 40.84% and a net margin of 6.48%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. Analysts anticipate that Dish Network Corp. will post $3.02 earnings per share for the current fiscal year.

Several brokerages recently issued reports on DISH. BTIG Research reissued a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Dish Network Corp. in a research note on Tuesday, November 22nd. FBR & Co increased their target price on Dish Network Corp. from $46.00 to $48.00 and gave the company an “underperform” rating in a research report on Friday, November 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $85.00 target price on shares of Dish Network Corp. in a research report on Thursday, November 10th. Jefferies Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Dish Network Corp. in a research report on Thursday, November 10th. Finally, Pivotal Research increased their target price on Dish Network Corp. from $82.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $67.96.

In related news, EVP Thomas A. Cullen sold 120,000 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $58.85, for a total transaction of $7,062,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 49.40% of the company’s stock.

About Dish Network Corp.

DISH Network Corporation is a holding company. The Company operates through two segments: DISH 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 (DBS) and Fixed Satellite Service (FSS) 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.

Want to see what other hedge funds are holding DISH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dish Network Corp. (NASDAQ:DISH).

Related posts

Leave a Comment