News

Jun 02, 2023

Achmea Investment Management B.V. Has $1.51 Million Stock Position in DISH Network Co. (NASDAQ:DISH)

Achmea Investment Management B.V. boosted its position in DISH Network Co. (NASDAQ:DISH - Free Report) by 410.3% during the 1st quarter, according to the company in its most recent Form 13F filing

Achmea Investment Management B.V. boosted its position in DISH Network Co. (NASDAQ:DISH - Free Report) by 410.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,890 shares of the company's stock after acquiring an additional 130,168 shares during the period. Achmea Investment Management B.V.'s holdings in DISH Network were worth $1,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in DISH Network by 268.9% in the first quarter. Covestor Ltd now owns 889 shares of the company's stock worth $28,000 after acquiring an additional 648 shares in the last quarter. Sargent Bickham Lagudis LLC boosted its holdings in DISH Network by 260.0% in the fourth quarter. Sargent Bickham Lagudis LLC now owns 1,800 shares of the company's stock worth $25,000 after acquiring an additional 1,300 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in DISH Network by 3,175.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,129 shares of the company's stock worth $28,000 after acquiring an additional 2,064 shares in the last quarter. Desjardins Global Asset Management Inc. bought a new position in DISH Network in the first quarter worth approximately $25,000. Finally, US Bancorp DE lifted its holdings in shares of DISH Network by 22.6% in the first quarter. US Bancorp DE now owns 3,166 shares of the company's stock valued at $100,000 after purchasing an additional 584 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

NASDAQ:DISH traded down $0.25 during trading hours on Tuesday, reaching $7.68. The stock had a trading volume of 2,078,747 shares, compared to its average volume of 9,871,423. The stock has a market cap of $4.09 billion, a P/E ratio of 2.41 and a beta of 1.79. DISH Network Co. has a 12-month low of $5.83 and a 12-month high of $20.35. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.68 and a current ratio of 0.77. The stock has a 50 day simple moving average of $6.84 and a 200 day simple moving average of $9.16.

DISH Network (NASDAQ:DISH - Get Free Report) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $4.06 billion. DISH Network had a net margin of 12.84% and a return on equity of 12.02%. DISH Network's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. On average, research analysts forecast that DISH Network Co. will post 1.22 EPS for the current fiscal year.

In other DISH Network news, Director James Defranco acquired 2,000,000 shares of the company's stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $6.22 per share, with a total value of $12,440,000.00. Following the completion of the purchase, the director now owns 4,767,658 shares of the company's stock, valued at $29,654,832.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other DISH Network news, Director James Defranco acquired 2,000,000 shares of the company's stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $6.22 per share, with a total value of $12,440,000.00. Following the completion of the purchase, the director now owns 4,767,658 shares of the company's stock, valued at $29,654,832.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. Cullen sold 25,000 shares of DISH Network stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $6.36, for a total value of $159,000.00. Following the sale, the executive vice president now directly owns 226,050 shares of the company's stock, valued at approximately $1,437,678. The disclosure for this sale can be found here. 55.50% of the stock is owned by company insiders.

A number of research analysts have recently weighed in on DISH shares. Morgan Stanley dropped their target price on DISH Network from $17.00 to $10.00 and set an "equal weight" rating on the stock in a report on Thursday, April 20th. Barclays decreased their price target on DISH Network from $10.00 to $5.00 in a research report on Monday, July 10th. StockNews.com began coverage on DISH Network in a research report on Thursday, May 18th. They set a "sell" rating for the company. Bank of America decreased their price target on DISH Network from $10.00 to $6.00 in a research report on Thursday, July 13th. Finally, Citigroup downgraded DISH Network from a "buy" rating to a "neutral" rating and decreased their price target for the company from $18.00 to $8.00 in a research report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.69.

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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