Eidelman Virant Capital grew its stake in shares of DISH Network Corp (NASDAQ:DISH) by 80.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,270 shares of the company’s stock after buying an additional 97,505 shares during the period. DISH Network makes up 3.8% of Eidelman Virant Capital’s portfolio, making the stock its 4th biggest position. Eidelman Virant Capital’s holdings in DISH Network were worth $7,841,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Signet Financial Management LLC boosted its holdings in DISH Network by 188,000.0% during the second quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock worth $126,000 after buying an additional 3,760 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of DISH Network during the 1st quarter valued at about $219,000. Tower Research Capital LLC TRC lifted its holdings in shares of DISH Network by 293.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,618 shares of the company’s stock valued at $222,000 after purchasing an additional 4,936 shares in the last quarter. Insight 2811 Inc. bought a new position in shares of DISH Network during the 2nd quarter valued at about $233,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of DISH Network during the 2nd quarter valued at about $234,000. Hedge funds and other institutional investors own 48.26% of the company’s stock.
Several research firms have recently weighed in on DISH. Zacks Investment Research upgraded DISH Network from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Monday, September 17th. Morgan Stanley lifted their price objective on DISH Network from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. BidaskClub cut DISH Network from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. Moffett Nathanson cut DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 price objective on the stock. in a report on Monday, August 13th. Finally, Pivotal Research reiterated a “buy” rating and set a $40.00 price objective on shares of DISH Network in a report on Monday, August 6th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $44.08.
DISH Network stock traded up $0.65 during midday trading on Wednesday, reaching $34.80. The stock had a trading volume of 90,002 shares, compared to its average volume of 2,872,029. DISH Network Corp has a 1-year low of $28.80 and a 1-year high of $52.53. The firm has a market cap of $16.72 billion, a PE ratio of 13.70 and a beta of 1.21. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.66 and a current ratio of 0.76.
DISH Network (NASDAQ:DISH) last announced its earnings results on Friday, August 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. DISH Network had a return on equity of 20.60% and a net margin of 17.80%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the firm earned $0.09 EPS. DISH Network’s revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, equities research analysts predict that DISH Network Corp will post 2.77 EPS for the current 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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