ThornTree Capital Partners LP increased its holdings in shares of DISH Network Corporation (NASDAQ:DISH) by 33.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,582 shares of the company’s stock after acquiring an additional 80,343 shares during the quarter. DISH Network Corporation comprises 9.5% of ThornTree Capital Partners LP’s investment portfolio, making the stock its biggest position. ThornTree Capital Partners LP owned about 0.07% of DISH Network Corporation worth $20,120,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of DISH. Elkfork Partners LLC acquired a new position in DISH Network Corporation during the first quarter worth about $110,000. Bronfman E.L. Rothschild L.P. boosted its position in DISH Network Corporation by 3,872.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock worth $121,000 after acquiring an additional 1,859 shares during the last quarter. Meadow Creek Investment Management LLC acquired a new position in DISH Network Corporation during the first quarter worth about $141,000. Paradigm Asset Management Co. LLC boosted its position in 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 worth $157,000 after acquiring an additional 100 shares during the last quarter. Finally, Invictus RG acquired a new position in DISH Network Corporation during the first quarter worth about $160,000. Hedge funds and other institutional investors own 48.93% of the company’s stock.
A number of equities analysts recently weighed in on DISH shares. Royal Bank Of Canada set a $56.00 price target on shares of DISH Network Corporation and gave the stock a “hold” rating in a research report on Saturday, May 20th. Wunderlich restated a “sell” rating and set a $54.00 price target on shares of DISH Network Corporation in a research report on Monday, June 12th. BidaskClub lowered shares of DISH Network Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Wells Fargo & Company restated an “outperform” rating on shares of DISH Network Corporation in a research report on Wednesday, June 28th. Finally, Citigroup Inc. lowered shares of DISH Network Corporation from a “buy” rating to a “sell” rating and lowered their price target for the stock from $94.00 to $52.00 in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. DISH Network Corporation presently has a consensus rating of “Hold” and an average price target of $69.97.
DISH Network Corporation (NASDAQ DISH) traded down 0.23% during midday trading on Friday, hitting $52.95. 1,392,441 shares of the stock were exchanged. DISH Network Corporation has a 12-month low of $51.38 and a 12-month high of $66.50. The stock has a market cap of $24.68 billion, a price-to-earnings ratio of 24.63 and a beta of 0.98. The firm has a 50 day moving average of $58.34 and a 200-day moving average of $61.96.
DISH Network Corporation (NASDAQ:DISH) last released its earnings results 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 company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the business posted $0.88 earnings per share. DISH Network Corporation’s revenue was down 5.7% on a year-over-year basis. On average, equities analysts expect that DISH Network Corporation will post $2.23 earnings per share for the current year.
In related news, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were 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 link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the sale, the executive vice president now directly owns 165 shares in the company, valued at $9,340.65. The disclosure for this sale can be found here. Insiders sold 25,885 shares of company stock worth $1,544,018 over the last three months. Corporate insiders own 49.30% of the company’s stock.
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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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