Envestnet Asset Management Inc. Has $2.45 Million Holdings in DISH Network Co. (NASDAQ:DISH)

Envestnet Asset Management Inc. increased its holdings in DISH Network Co. (NASDAQ:DISH – Get Rating) by 11.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,962 shares of the company’s stock after buying an additional 17,635 shares during the period. Envestnet Asset Management Inc.’s holdings in DISH Network were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ellevest Inc. lifted its position in shares of DISH Network by 63.0% during the 3rd quarter. Ellevest Inc. now owns 1,827 shares of the company’s stock valued at $25,000 after acquiring an additional 706 shares during the period. Covestor Ltd grew its stake in DISH Network by 268.9% during the first quarter. Covestor Ltd now owns 889 shares of the company’s stock worth $28,000 after buying an additional 648 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in DISH Network during the third quarter worth about $33,000. Whittier Trust Co. increased its holdings in DISH Network by 580.7% in the 3rd quarter. Whittier Trust Co. now owns 2,471 shares of the company’s stock valued at $34,000 after buying an additional 2,108 shares during the period. Finally, Allworth Financial LP raised its position in shares of DISH Network by 6,900.0% in the 3rd quarter. Allworth Financial LP now owns 2,730 shares of the company’s stock valued at $38,000 after buying an additional 2,691 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director James Defranco bought 1,450,000 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was acquired at an average price of $10.84 per share, with a total value of $15,718,000.00. Following the completion of the purchase, the director now directly owns 3,567,658 shares of the company’s stock, valued at $38,673,412.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have bought 2,100,000 shares of company stock valued at $22,877,000. 53.30% of the stock is currently owned by insiders.

DISH Network Stock Down 1.2 %

Shares of DISH opened at $11.20 on Thursday. The stock’s 50-day moving average price is $13.84 and its two-hundred day moving average price is $14.88. DISH Network Co. has a 12 month low of $10.64 and a 12 month high of $33.74. The company has a market capitalization of $5.95 billion, a PE ratio of 3.09 and a beta of 1.84. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.10.

DISH Network (NASDAQ:DISH – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $1.00. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DISH Network had a return on equity of 13.66% and a net margin of 13.81%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. On average, analysts anticipate that DISH Network Co. will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DISH. Morgan Stanley decreased their price objective on shares of DISH Network from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, January 23rd. JPMorgan Chase & Co. decreased their price target on DISH Network from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, February 27th. Bank of America downgraded DISH Network from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $30.00 to $10.00 in a research report on Tuesday, February 28th. Raymond James decreased their target price on DISH Network from $28.00 to $27.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 24th. Finally, The Goldman Sachs Group began coverage on shares of DISH Network in a report on Tuesday, January 10th. They issued a “neutral” rating and a $14.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.93.

About DISH Network

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DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through the Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles William Ergen, Cantey M.