Tredje AP fonden decreased its position in DISH Network Corporation (NASDAQ:DISH) by 38.7% during the fourth quarter, Holdings Channel reports. The firm owned 23,035 shares of the company’s stock after selling 14,512 shares during the period. Tredje AP fonden’s holdings in DISH Network Corporation were worth $1,334,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of DISH. Partner Investment Management L.P. raised its position in shares of DISH Network Corporation by 34.1% in the third quarter. Partner Investment Management L.P. now owns 27,158 shares of the company’s stock worth $1,488,000 after buying an additional 6,912 shares during the period. First Trust Advisors LP raised its position in shares of DISH Network Corporation by 78.7% in the third quarter. First Trust Advisors LP now owns 191,501 shares of the company’s stock worth $10,490,000 after buying an additional 84,343 shares during the period. BlackRock Fund Advisors raised its position in shares of DISH Network Corporation by 3.0% in the third quarter. BlackRock Fund Advisors now owns 1,186,745 shares of the company’s stock worth $65,010,000 after buying an additional 34,716 shares during the period. Stevens Capital Management LP acquired a new position in shares of DISH Network Corporation during the third quarter worth approximately $10,971,000. Finally, Three Peaks Capital Management LLC raised its position in shares of DISH Network Corporation by 5.1% in the third quarter. Three Peaks Capital Management LLC now owns 201,970 shares of the company’s stock worth $11,064,000 after buying an additional 9,746 shares during the period. Institutional investors own 47.98% of the company’s stock.
DISH Network Corporation (NASDAQ:DISH) traded down 0.57% during midday trading on Friday, reaching $62.36. 93,302 shares of the company’s stock traded hands. The company’s 50-day moving average price is $61.00 and its 200-day moving average price is $56.28. DISH Network Corporation has a 52-week low of $42.45 and a 52-week high of $63.99. The stock has a market cap of $29.00 billion, a P/E ratio of 29.71 and a beta of 1.09.
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DISH has been the topic of a number of recent research reports. BTIG Research reiterated a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of DISH Network Corporation in a report on Tuesday, November 22nd. Morgan Stanley upgraded shares of DISH Network Corporation from an “equal weight” rating to an “overweight” rating and set a $75.00 target price on the stock in a report on Monday, January 23rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, January 31st. Citigroup Inc. restated a “focus list” rating on shares of DISH Network Corporation in a report on Wednesday, January 25th. Finally, FBR & Co boosted their target price on shares of DISH Network Corporation from $46.00 to $48.00 and gave the company an “underperform” rating in a report on Friday, November 11th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. DISH Network Corporation presently has an average rating of “Hold” and a consensus target price of $68.81.
In related news, EVP Thomas A. Cullen sold 60,000 shares of the stock in a transaction on Friday, January 13th. The shares were sold at an average price of $62.49, for a total transaction of $3,749,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 180,092 shares of company stock worth $10,816,782. 49.40% of the stock is owned by insiders.
DISH Network Corporation Company Profile
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.
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