AM Squared Ltd Has $1.88 Million Stock Holdings in DISH Network Co. (NASDAQ:DISH)

AM Squared Ltd raised its stake in DISH Network Co. (NASDAQ:DISH) by 155.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,300 shares of the company’s stock after purchasing an additional 122,500 shares during the quarter. DISH Network makes up about 1.5% of AM Squared Ltd’s portfolio, making the stock its 11th biggest holding. AM Squared Ltd’s holdings in DISH Network were worth $1,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of DISH. Covestor Ltd boosted its stake in shares of DISH Network by 268.9% during the 1st quarter. Covestor Ltd now owns 889 shares of the company’s stock worth $28,000 after acquiring an additional 648 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of DISH Network by 3,175.4% during the 4th 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 during the period. Desjardins Global Asset Management Inc. bought a new position in shares of DISH Network during the 1st quarter worth approximately $25,000. US Bancorp DE boosted its stake in shares of DISH Network by 22.6% during the 1st quarter. US Bancorp DE now owns 3,166 shares of the company’s stock worth $100,000 after acquiring an additional 584 shares during the period. Finally, First Manhattan CO. LLC. boosted its stake in shares of DISH Network by 80.3% during the 1st quarter. First Manhattan CO. LLC. now owns 3,605 shares of the company’s stock worth $123,000 after acquiring an additional 1,605 shares during the period. 98.16% of the stock is currently owned by institutional investors.

Insider Transactions at DISH Network

In related news, EVP Thomas A. Cullen sold 25,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $6.36, for a total transaction of $159,000.00. Following the sale, the executive vice president now owns 226,050 shares in the company, valued at approximately $1,437,678. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 50,047 shares of company stock valued at $320,135. Corporate insiders own 55.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DISH shares. Citigroup cut DISH Network from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $8.00 in a report on Wednesday, May 24th. Barclays raised DISH Network from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $5.00 to $10.00 in a report on Tuesday, August 8th. Benchmark cut DISH Network from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Bank of America dropped their price target on DISH Network from $10.00 to $6.00 in a report on Thursday, July 13th. Finally, JPMorgan Chase & Co. dropped their price objective on DISH Network from $16.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, DISH Network currently has an average rating of “Hold” and an average price target of $12.91.

DISH Network Price Performance

DISH Network stock opened at $6.13 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.56 and a current ratio of 0.64. DISH Network Co. has a 52 week low of $5.83 and a 52 week high of $19.07. The stock has a market capitalization of $3.27 billion, a P/E ratio of 2.21 and a beta of 1.84. The stock has a fifty day moving average of $6.95 and a 200-day moving average of $7.56.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. DISH Network had a return on equity of 9.90% and a net margin of 11.06%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. DISH Network’s revenue was down 7.1% on a year-over-year basis. On average, sell-side analysts expect that DISH Network Co. will post 1.16 earnings per share for the current fiscal year.

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.