Nomura Holdings Inc. Sells 143,398 Shares of DISH Network Corporation (DISH)

Nomura Holdings Inc. lowered its position in DISH Network Corporation (NASDAQ:DISH) by 31.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 314,324 shares of the company’s stock after selling 143,398 shares during the quarter. Nomura Holdings Inc. owned approximately 0.07% of DISH Network Corporation worth $19,753,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in DISH Network Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock worth $921,246,000 after acquiring an additional 409,704 shares during the last quarter. BlackRock Inc. lifted its stake in DISH Network Corporation by 1.9% in the second quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock worth $858,929,000 after acquiring an additional 259,139 shares during the last quarter. State Street Corp lifted its stake in DISH Network Corporation 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 acquiring an additional 5,059,383 shares during the last quarter. FMR LLC lifted its stake in DISH Network Corporation by 22.7% in the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock worth $282,314,000 after acquiring an additional 831,768 shares during the last quarter. Finally, Paulson & CO. Inc. purchased a new position in DISH Network Corporation in the first quarter worth approximately $219,047,000. Institutional investors own 48.93% of the company’s stock.

In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $59.73, for a total value of $1,493,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the sale, the executive vice president now owns 165 shares in the company, valued at $9,340.65. The disclosure for this sale can be found here. Insiders sold 25,884 shares of company stock worth $1,543,036 over the last quarter. 49.30% of the stock is currently owned by company insiders.

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Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Telsey Advisory Group reduced their price objective on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. Guggenheim restated a “neutral” rating and set a $62.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a research report on Thursday, August 24th. Citigroup Inc. upgraded shares of DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective for the company in a research report on Friday, September 15th. Finally, Macquarie restated a “hold” rating and set a $68.00 price objective on shares of DISH Network Corporation in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. DISH Network Corporation currently has a consensus rating of “Hold” and a consensus price target of $68.18.

Shares of DISH Network Corporation (NASDAQ DISH) traded up 0.319% during trading on Tuesday, reaching $51.845. 1,258,546 shares of the company’s stock traded hands. The company has a 50 day moving average of $54.88 and a 200-day moving average of $60.84. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 24.114 and a beta of 0.99. DISH Network Corporation has a 1-year low of $51.47 and a 1-year high of $66.50.

DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities analysts predict that DISH Network Corporation will post $2.21 earnings per share for the current year.

About DISH Network Corporation

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.

Institutional Ownership by Quarter for DISH Network Corporation (NASDAQ:DISH)

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