Intech Investment Management LLC Buys Shares of 10,104 DISH Network Co. (NASDAQ:DISH)

Intech Investment Management LLC bought a new stake in DISH Network Co. (NASDAQ:DISH – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,104 shares of the company’s stock, valued at approximately $142,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of DISH Network by 2.2% during the first quarter. Vanguard Group Inc. now owns 27,323,433 shares of the company’s stock worth $864,788,000 after acquiring an additional 597,587 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in DISH Network by 42.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,957,063 shares of the company’s stock worth $55,557,000 after purchasing an additional 1,179,775 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in DISH Network by 11.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 3,824,567 shares of the company’s stock worth $52,894,000 after purchasing an additional 401,857 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in DISH Network by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,850,034 shares of the company’s stock worth $90,210,000 after purchasing an additional 53,552 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in DISH Network by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,935,051 shares of the company’s stock worth $61,244,000 after purchasing an additional 89,684 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other DISH Network news, Director James Defranco acquired 500,000 shares of the business’s stock in a transaction on Monday, March 6th. The shares were acquired at an average price of $10.88 per share, with a total value of $5,440,000.00. Following the completion of the transaction, the director now owns 504,642 shares in the company, valued at $5,490,504.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have acquired 4,100,000 shares of company stock valued at $35,317,000. Insiders own 55.50% of the company’s stock.

DISH Network Stock Up 1.2 %

Shares of NASDAQ:DISH opened at $6.78 on Tuesday. The business’s 50 day moving average is $7.95 and its 200 day moving average is $12.04. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. DISH Network Co. has a 12-month low of $5.94 and a 12-month high of $23.49. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 2.06 and a beta of 1.79.

DISH Network (NASDAQ:DISH – Get Rating) last posted its quarterly earnings data 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). DISH Network had a return on equity of 12.02% and a net margin of 12.84%. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm posted $0.68 EPS. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, sell-side analysts forecast that DISH Network Co. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DISH has been the subject of a number of research analyst reports. Citigroup lowered their target price on DISH Network from $33.00 to $18.00 and set a “buy” rating for the company in a report on Monday, March 13th. Morgan Stanley lowered their target price on DISH Network from $17.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. StockNews.com began coverage on DISH Network in a report on Thursday, May 18th. They issued a “sell” rating for the company. Royal Bank of Canada decreased their price objective on DISH Network from $20.00 to $15.00 and set a “sector perform” rating for the company in a report on Monday, February 27th. Finally, Raymond James decreased their price objective on DISH Network from $28.00 to $27.00 and set a “strong-buy” rating for the company in a report on Friday, February 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, DISH Network currently has a consensus rating of “Hold” and a consensus target price of $24.86.

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.