State of Alaska Department of Revenue boosted its position in shares of DISH Network Corp (NASDAQ:DISH) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,268 shares of the company’s stock after purchasing an additional 1,122 shares during the quarter. State of Alaska Department of Revenue’s holdings in DISH Network were worth $1,497,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Worldquant Millennium Quantitative Strategies LLC increased its stake in DISH Network by 98.7% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 1,091,220 shares of the company’s stock worth $27,248,000 after acquiring an additional 542,000 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of DISH Network in the fourth quarter worth about $160,000. Oppenheimer & Co. Inc. boosted its position in shares of DISH Network by 8.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,566 shares of the company’s stock worth $314,000 after buying an additional 1,000 shares during the period. Loews Corp boosted its position in shares of DISH Network by 23.8% in the fourth quarter. Loews Corp now owns 10,000 shares of the company’s stock worth $250,000 after buying an additional 1,921 shares during the period. Finally, CENTRAL TRUST Co purchased a new stake in shares of DISH Network in the fourth quarter worth about $53,000. Institutional investors own 48.16% of the company’s stock.
Shares of DISH traded up $0.69 during trading hours on Friday, hitting $35.46. 2,204,315 shares of the company were exchanged, compared to its average volume of 2,210,176. The firm has a market cap of $16.59 billion, a PE ratio of 11.82 and a beta of 1.61. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 1.60. DISH Network Corp has a one year low of $23.22 and a one year high of $37.47.
In other DISH Network news, insider James Defranco bought 5,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was acquired at an average price of $31.67 per share, with a total value of $158,350.00. Following the completion of the transaction, the insider now directly owns 1,503,529 shares in the company, valued at approximately $47,616,763.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 30,000 shares of company stock valued at $902,900. 52.80% of the stock is currently owned by insiders.
A number of research analysts recently commented on DISH shares. BidaskClub raised DISH Network from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. ValuEngine upgraded DISH Network from a “strong sell” rating to a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research cut DISH Network from a “hold” rating to a “sell” rating in a research note on Monday, February 11th. HSBC cut DISH Network from a “hold” rating to a “reduce” rating in a research note on Friday, January 25th. Finally, Pivotal Research reiterated a “buy” rating and set a $37.00 price target on shares of DISH Network in a research report on Wednesday, February 13th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.00.
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About DISH Network
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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