Creative Planning Trims Stake in DISH Network Corp (DISH)

Creative Planning decreased its holdings in shares of DISH Network Corp (NASDAQ:DISH) by 28.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,770 shares of the company’s stock after selling 51,458 shares during the period. Creative Planning’s holdings in DISH Network were worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of DISH. Sun Life Financial INC boosted its position in shares of DISH Network by 20,725.0% during the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after purchasing an additional 1,658 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new position in shares of DISH Network in the third quarter worth about $140,000. Quantbot Technologies LP acquired a new position in shares of DISH Network in the third quarter worth about $154,000. Huntington National Bank boosted its holdings in shares of DISH Network by 47.1% in the third quarter. Huntington National Bank now owns 3,824 shares of the company’s stock worth $207,000 after buying an additional 1,224 shares during the period. Finally, Howe & Rusling Inc. acquired a new position in shares of DISH Network in the third quarter worth about $217,000. Institutional investors own 48.54% of the company’s stock.

Shares of DISH Network Corp (DISH) opened at $45.26 on Friday. 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 $21,060.68, a P/E ratio of 16.60, a PEG ratio of 1.97 and a beta of 1.09. DISH Network Corp has a 52-week low of $44.83 and a 52-week high of $66.50.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. DISH Network’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. research analysts anticipate that DISH Network Corp will post 2.02 EPS for the current fiscal year.

Several research analysts have commented on the stock. Barclays decreased their target price on shares of DISH Network from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Deutsche Bank reiterated a “buy” rating and issued a $99.00 target price on shares of DISH Network in a report on Thursday, October 5th. Morgan Stanley cut shares of DISH Network from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $75.00 to $55.00 in a report on Wednesday. Zacks Investment Research upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, Jefferies Group reiterated a “buy” rating and issued a $80.00 target price on shares of DISH Network in a report on Monday, September 25th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $62.81.

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DISH Network 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.

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

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