Beese Fulmer Investment Management Inc. reduced its holdings in DISH Network Corp (NASDAQ:DISH) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 94,830 shares of the company’s stock after selling 2,979 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in DISH Network were worth $3,642,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of DISH. LSV Asset Management lifted its position in shares of DISH Network by 7,407.0% in the 1st quarter. LSV Asset Management now owns 4,384,082 shares of the company’s stock worth $138,931,000 after buying an additional 4,325,682 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DISH Network by 146.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,701,900 shares of the company’s stock worth $42,499,000 after buying an additional 1,010,741 shares during the last quarter. Norges Bank bought a new position in shares of DISH Network in the 4th quarter worth about $19,316,000. Teacher Retirement System of Texas lifted its position in shares of DISH Network by 71.6% in the 4th quarter. Teacher Retirement System of Texas now owns 666,838 shares of the company’s stock worth $16,651,000 after buying an additional 278,237 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of DISH Network by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 3,272,394 shares of the company’s stock worth $81,583,000 after buying an additional 262,700 shares during the last quarter. Institutional investors own 48.91% of the company’s stock.
A number of research firms have recently issued reports on DISH. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Credit Suisse Group set a €50.00 ($58.14) price target on shares of Fresenius SE & Co KGaA and gave the stock a “neutral” rating in a research report on Monday, May 6th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Pivotal Research restated a “hold” rating and issued a $33.00 price target (down from $37.00) on shares of DISH Network in a research report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. DISH Network presently has a consensus rating of “Hold” and an average target price of $37.62.
DISH Network (NASDAQ:DISH) last released its earnings results on Friday, May 3rd. The company reported $0.65 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. DISH Network had a net margin of 11.59% and a return on equity of 18.42%. DISH Network’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. Equities research analysts anticipate that DISH Network Corp will post 2.45 EPS for the current year.
In related news, Director Tom A. Ortolf bought 10,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average price of $34.87 per share, with a total value of $348,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $348,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 52.80% of the stock is currently owned by company insiders.
DISH Network Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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