DISH Network Co. (NASDAQ:DISH) Shares Sold by Swiss National Bank

Sep 01, 2023

Swiss National Bank lessened its holdings in shares of DISH Network Co. (NASDAQ:DISH - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 983,332 shares of the company's stock after selling 18,600 shares during the period. Swiss National Bank owned 0.19% of DISH Network worth $9,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Desjardins Global Asset Management Inc. purchased a new position in DISH Network during the 1st quarter worth approximately $25,000. Covestor Ltd grew its stake in DISH Network by 268.9% during the 1st quarter. Covestor Ltd now owns 889 shares of the company's stock worth $28,000 after buying an additional 648 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in DISH Network by 3,175.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,129 shares of the company's stock worth $28,000 after buying an additional 2,064 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in DISH Network during the 4th quarter worth approximately $58,000. Finally, CWM LLC grew its stake in DISH Network by 33.5% during the 4th quarter. CWM LLC now owns 4,528 shares of the company's stock worth $64,000 after buying an additional 1,135 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

In other news, Director James Defranco acquired 300,000 shares of DISH Network stock in a transaction that occurred on Thursday, June 1st. The stock was purchased at an average cost of $6.00 per share, with a total value of $1,800,000.00. Following the completion of the acquisition, the director now owns 304,642 shares in the company, valued at approximately $1,827,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director James Defranco acquired 300,000 shares of DISH Network stock in a transaction that occurred on Thursday, June 1st. The stock was purchased at an average cost of $6.00 per share, with a total value of $1,800,000.00. Following the completion of the acquisition, the director now owns 304,642 shares in the company, valued at approximately $1,827,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas A. Cullen sold 25,000 shares of DISH Network stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $6.43, for a total value of $160,750.00. Following the transaction, the executive vice president now directly owns 276,050 shares of the company's stock, valued at $1,775,001.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,047 shares of company stock valued at $320,135. 55.50% of the stock is owned by insiders.

A number of research analysts recently issued reports on DISH shares. Benchmark downgraded DISH Network from a "buy" rating to a "hold" rating in a research note on Monday, June 5th. StockNews.com started coverage on DISH Network in a research note on Thursday, August 17th. They issued a "sell" rating on the stock. Pivotal Research lifted their target price on DISH Network from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, August 8th. JPMorgan Chase & Co. lowered their target price on DISH Network from $16.00 to $10.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 9th. Finally, Raymond James lowered their target price on DISH Network from $21.00 to $19.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.91.

Read Our Latest Stock Analysis on DISH

DISH opened at $6.00 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.64 and a quick ratio of 0.56. The business has a 50 day simple moving average of $7.05 and a 200-day simple moving average of $8.25. The stock has a market capitalization of $3.20 billion, a P/E ratio of 2.16 and a beta of 1.83. DISH Network Co. has a 12 month low of $5.83 and a 12 month high of $19.89.

DISH Network (NASDAQ:DISH - Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.91 billion. DISH Network had a return on equity of 9.90% and a net margin of 11.06%. The company's quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. On average, equities analysts anticipate that DISH Network Co. will post 1.18 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider DISH Network, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DISH Network wasn't on the list.

While DISH Network currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.