Mitsubishi UFJ Trust & Banking Corp Has $24.40 Million Stake in DISH Network Corp (DISH)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of DISH Network Corp (NASDAQ:DISH) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,894 shares of the company’s stock after selling 4,294 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of DISH Network worth $24,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Systems of Alabama lifted its position in shares of DISH Network by 0.6% during the 2nd quarter. Retirement Systems of Alabama now owns 110,292 shares of the company’s stock valued at $6,922,000 after buying an additional 605 shares in the last quarter. Global X Management Co. LLC lifted its position in shares of DISH Network by 123.9% during the 2nd quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock valued at $189,000 after buying an additional 1,665 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of DISH Network by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 746,747 shares of the company’s stock valued at $46,866,000 after buying an additional 34,655 shares in the last quarter. National Planning Corp lifted its position in shares of DISH Network by 32.1% during the 2nd quarter. National Planning Corp now owns 5,150 shares of the company’s stock valued at $324,000 after buying an additional 1,250 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of DISH Network by 14.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,616 shares of the company’s stock valued at $2,612,000 after buying an additional 5,116 shares in the last quarter. 48.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of DISH Network Corp (NASDAQ:DISH) traded down $0.10 during mid-day trading on Friday, reaching $47.75. The company’s stock had a trading volume of 1,242,264 shares, compared to its average volume of 2,000,623. DISH Network Corp has a 12 month low of $46.07 and a 12 month high of $66.50. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. The stock has a market cap of $22,315.18, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.34 and a beta of 1.09.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. equities research analysts predict that DISH Network Corp will post 1.98 earnings per share for the current year.

A number of brokerages have recently issued reports on DISH. Deutsche Bank reiterated a “buy” rating and set a $99.00 target price on shares of DISH Network in a research report on Thursday, October 5th. Barclays decreased their target price on DISH Network from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Zacks Investment Research upgraded DISH Network from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Jefferies Group reiterated a “buy” rating and set a $80.00 target price on shares of DISH Network in a research report on Monday, September 25th. Finally, Pivotal Research upgraded DISH Network from a “hold” rating to a “buy” rating and decreased their price objective for the company from $68.00 to $65.00 in a report on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.92.

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About DISH Network

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.

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

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