DISH Network Corp (NASDAQ:DISH) Shares Sold by Rampart Investment Management Company LLC

Rampart Investment Management Company LLC lowered its position in shares of DISH Network Corp (NASDAQ:DISH) by 23.5% during the second quarter, Holdings Channel reports. The fund owned 12,426 shares of the company’s stock after selling 3,817 shares during the quarter. Rampart Investment Management Company LLC’s holdings in DISH Network were worth $477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of DISH Network by 50.3% in the 2nd quarter. Bessemer Group Inc. now owns 1,279 shares of the company’s stock valued at $49,000 after purchasing an additional 428 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of DISH Network in the 2nd quarter valued at $93,000. Trust Co. of Vermont boosted its holdings in shares of DISH Network by 4,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 2,460 shares of the company’s stock valued at $85,000 after purchasing an additional 2,400 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of DISH Network by 14.1% in the 1st quarter. Penserra Capital Management LLC now owns 3,213 shares of the company’s stock valued at $101,000 after purchasing an additional 397 shares during the last quarter. Finally, Advisor Partners LLC acquired a new position in shares of DISH Network in the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 48.04% of the company’s stock.

A number of equities analysts have weighed in on the stock. Moffett Nathanson lowered shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a report on Thursday, July 25th. Barclays downgraded shares of DISH Network from an “equal weight” rating to an “underweight” rating and set a $31.00 target price on the stock. in a research note on Monday, July 29th. BidaskClub raised shares of DISH Network from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Raymond James raised shares of DISH Network from a “market perform” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a research note on Monday, August 26th. Finally, ValuEngine downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.46.

In other news, Chairman Charles W. Ergen acquired 100,000 shares of DISH Network stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $30.94 per share, for a total transaction of $3,094,000.00. Following the acquisition, the chairman now directly owns 1,656,075 shares of the company’s stock, valued at approximately $51,238,960.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Defranco acquired 300,000 shares of DISH Network stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $31.18 per share, for a total transaction of $9,354,000.00. Following the completion of the acquisition, the insider now directly owns 1,528,529 shares in the company, valued at $47,659,534.22. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 700,005 shares of company stock worth $21,958,159. Company insiders own 52.80% of the company’s stock.

Shares of NASDAQ DISH traded down $0.60 during trading hours on Friday, hitting $34.84. 79,098 shares of the stock were exchanged, compared to its average volume of 2,526,645. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.63 and a quick ratio of 0.58. The company’s 50 day moving average is $33.33 and its 200 day moving average is $35.18. The firm has a market capitalization of $16.59 billion, a P/E ratio of 11.66 and a beta of 1.39. DISH Network Corp has a one year low of $23.22 and a one year high of $44.65.

DISH Network (NASDAQ:DISH) last released its earnings results on Monday, July 29th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.05). DISH Network had a net margin of 10.88% and a return on equity of 16.24%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. DISH Network’s revenue for the quarter was down 7.2% compared to the same quarter last year. Research analysts anticipate that DISH Network Corp will post 2.44 earnings per share for the current fiscal year.

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

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