November 29, 2016 - By Hazel Jackson · 0 Comments
Dish Network Corp (NASDAQ:DISH) institutional sentiment decreased to 0.95 in Q2 2016. Its down -0.40, from 1.35 in 2016Q1. The ratio turned negative, as 189 funds increased and started new positions, while 140 sold and decreased holdings in Dish Network Corp. The funds in our partner’s database now possess: 208.11 million shares, down from 210.30 million shares in 2016Q1. Also, the number of funds holding Dish Network Corp in their top 10 positions increased from 7 to 9 for an increase of 2. Sold All: 39 Reduced: 101 Increased: 135 New Position: 54.
DISH Network Corporation is a holding company. The company has a market cap of $26.22 billion. The Firm operates through two divisions: DISH and Wireless. It has a 27.1 P/E ratio. It offers Pay-TV services under the DISH brand and the Sling brand .
The stock increased 0.39% or $0.22 during the last trading session, hitting $56.15. DISH Network Corp (NASDAQ:DISH) has risen 10.95% since April 26, 2016 and is uptrending. It has outperformed by 5.69% the S&P500.
Analysts await DISH Network Corp (NASDAQ:DISH) to report earnings on February, 16. They expect $0.67 earnings per share, up 8.06% or $0.05 from last year’s $0.62 per share. DISH’s profit will be $312.87M for 20.95 P/E if the $0.67 EPS becomes a reality. After $0.64 actual earnings per share reported by DISH Network Corp for the previous quarter, Wall Street now forecasts 4.69% EPS growth.
According to Zacks Investment Research, “DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network – the direct broadcast satellite, subscription television service in the United States. EchoStar Technologies Corporation division, which is principally responsible for the design of digital set-top boxes, or satellite receivers, and the sale of set-top boxes to international operators. Satellite Services division provides video, audio and data services to business television customers and other satellite users.”
Kenmare Capital Partners L.L.C. holds 10.18% of its portfolio in DISH Network Corp for 187,264 shares. Columbus Hill Capital Management L.P. owns 1.49 million shares or 5.83% of their US portfolio. Moreover, Altalis Capital Management Llc has 5.19% invested in the company for 138,430 shares. The New York-based Eagle Capital Management Llc has invested 3.95% in the stock. Rockshelter Capital Management Llc, a Pennsylvania-based fund reported 214,902 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 insider sales for $1.77 million net activity.
Ratings analysis reveals 50% of Dish Network Corp.’s analysts are positive. Out of 16 Wall Street analysts rating Dish Network Corp., 8 give it “Buy”, 3 “Sell” rating, while 5 recommend “Hold”. The lowest target is $45 while the high is $98. The stock’s average target of $67.47 is 20.16% above today’s ($56.15) share price. DISH was included in 27 notes of analysts from July 22, 2015. The rating was maintained by Wunderlich with “Sell” on Monday, September 21. The firm has “Neutral” rating by Moeffett Nathanson given on Monday, October 26. On Wednesday, July 22 the stock rating was initiated by HSBC with “Reduce”. As per Thursday, October 8, the company rating was initiated by Deutsche Bank. The company was downgraded on Tuesday, June 28 by Moffett Nathanson. The firm has “Buy” rating given on Tuesday, September 8 by Vetr. Goldman Sachs maintained it with “Buy” rating and $83 target price in Thursday, April 21 report. HSBC upgraded the shares of DISH in a report on Friday, February 26 to “Hold” rating. The stock of DISH Network Corp (NASDAQ:DISH) earned “Sell” rating by Wunderlich on Friday, July 22. FBR Capital maintained DISH Network Corp (NASDAQ:DISH) on Friday, February 19 with “Underperform” rating.
DISH Network Corporation, incorporated on April 26, 1995, is a holding company. The Firm operates through two divisions: DISH and Wireless. The Firm 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 (DBS) and Fixed Satellite Service (FSS) 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. The Sling branded Pay-TV services consist of live, linear streaming over-the-top (OTT) Internet domestic, international and Latino video programming services (Sling TV). The Firm offers receiver systems and programming through direct sales channels and through independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, retailers and telecommunications companies.
Another recent and important DISH Network Corp (NASDAQ:DISH) news was published by Investorplace.com which published an article titled: “DISH Network Corp (DISH) Reports Earnings Miss in Q3” on November 09, 2016.
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By Hazel Jackson