DISH Network Co. (NASDAQ:DISH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in DISH Network Co. (NASDAQ:DISHGet Rating) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,327 shares of the company’s stock after selling 21,541 shares during the quarter. Envestnet Asset Management Inc.’s holdings in DISH Network were worth $2,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Twin Tree Management LP acquired a new stake in shares of DISH Network in the 1st quarter valued at $1,702,000. Kentucky Retirement Systems raised its holdings in shares of DISH Network by 4.0% in the 1st quarter. Kentucky Retirement Systems now owns 15,916 shares of the company’s stock valued at $504,000 after purchasing an additional 618 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of DISH Network by 2.6% in the 1st quarter. Arizona State Retirement System now owns 68,700 shares of the company’s stock valued at $2,174,000 after purchasing an additional 1,713 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of DISH Network by 64.7% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 27,775 shares of the company’s stock valued at $879,000 after purchasing an additional 10,915 shares in the last quarter. Finally, Balentine LLC acquired a new stake in DISH Network during the 1st quarter worth $1,078,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DISH has been the topic of several research analyst reports. Citigroup cut their price target on shares of DISH Network from $34.00 to $33.00 in a research note on Friday, November 4th. Pivotal Research cut their price target on shares of DISH Network from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Credit Suisse Group cut their price target on shares of DISH Network from $45.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of DISH Network from $61.00 to $55.00 in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of DISH Network from $30.00 to $24.00 in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.64.

Insider Activity

In other news, Director James Defranco bought 163,637 shares of the stock in a transaction dated Thursday, August 18th. The shares were acquired at an average price of $18.11 per share, with a total value of $2,963,466.07. Following the completion of the acquisition, the director now directly owns 713,937 shares in the company, valued at $12,929,399.07. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 417,965 shares of company stock valued at $7,375,691 over the last quarter. Corporate insiders own 53.30% of the company’s stock.

DISH Network Stock Down 2.7 %

Shares of NASDAQ:DISH opened at $16.04 on Wednesday. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 5.31 and a beta of 1.81. The firm’s 50-day simple moving average is $15.26 and its 200-day simple moving average is $17.91. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 1.05. DISH Network Co. has a fifty-two week low of $12.55 and a fifty-two week high of $37.28.

DISH Network Company Profile

(Get Rating)

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.

See Also

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

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