DISH Network Corporation (DISH) Holdings Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in shares of DISH Network Corporation (NASDAQ:DISH) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,557 shares of the company’s stock after buying an additional 1,956 shares during the period. Mutual of America Capital Management LLC’s holdings in DISH Network Corporation were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Sun Life Financial INC raised its position in shares of DISH Network Corporation by 20,725.0% during the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after buying an additional 1,658 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of DISH Network Corporation by 4.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after buying an additional 100 shares during the last quarter. Huntington National Bank raised its position in shares of DISH Network Corporation by 12.1% during the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock valued at $163,000 after buying an additional 281 shares during the last quarter. Global X Management Co. LLC raised its position in shares of DISH Network Corporation by 123.9% during the second quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock valued at $189,000 after buying an additional 1,665 shares during the last quarter. Finally, IBM Retirement Fund raised its position in shares of DISH Network Corporation by 33.4% during the second quarter. IBM Retirement Fund now owns 3,265 shares of the company’s stock valued at $205,000 after buying an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 48.91% of the company’s stock.

DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share.

Several research firms have recently issued reports on DISH. 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 on the stock in a research report on Friday, August 4th. BidaskClub lowered shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 6th. Macquarie reissued a “hold” rating and issued a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Moffett Nathanson reissued a “sell” rating and issued a $37.00 target price (down from $45.00) on shares of DISH Network Corporation in a report on Tuesday, September 26th. Finally, HSBC Holdings plc cut their target price on shares of DISH Network Corporation from $62.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, October 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. DISH Network Corporation currently has a consensus rating of “Hold” and an average target price of $67.38.

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In other news, CEO Roger Lynch sold 25,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now owns 165 shares of the company’s stock, valued at $9,340.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,110 shares of company stock valued at $1,555,296. Company insiders own 49.30% of the company’s stock.

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

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