Campbell & CO Investment Adviser LLC Sells 7,200 Shares of DISH Network Co. (NASDAQ:DISH)

Campbell & CO Investment Adviser LLC reduced its stake in DISH Network Co. (NASDAQ:DISH) by 35.6% during the 4th quarter, Holdings Channel reports. The fund owned 13,000 shares of the company’s stock after selling 7,200 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in DISH Network were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DISH. Tompkins Financial Corp bought a new position in DISH Network in the 4th quarter valued at about $28,000. Prestige Wealth Management Group LLC bought a new position in DISH Network in the 3rd quarter valued at about $32,000. BNC Wealth Management LLC bought a new position in DISH Network in the 3rd quarter valued at about $43,000. US Bancorp DE raised its holdings in DISH Network by 80.0% in the 4th quarter. US Bancorp DE now owns 1,343 shares of the company’s stock valued at $43,000 after acquiring an additional 597 shares during the period. Finally, Federated Hermes Inc. raised its holdings in DISH Network by 12.2% in the 3rd quarter. Federated Hermes Inc. now owns 3,137 shares of the company’s stock valued at $91,000 after acquiring an additional 340 shares during the period. 42.52% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. Cowen reissued a “buy” rating on shares of DISH Network in a report on Friday, January 22nd. Zacks Investment Research cut shares of DISH Network from a “strong-buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a report on Monday, December 14th. Pivotal Research cut shares of DISH Network from a “buy” rating to a “hold” rating and lowered their target price for the stock from $42.00 to $34.00 in a report on Tuesday. Raymond James raised their target price on shares of DISH Network from $50.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 12th. Finally, TheStreet raised shares of DISH Network from a “c+” rating to a “b-” rating in a report on Thursday, December 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.67.

Shares of DISH Network stock opened at $32.26 on Tuesday. The firm has a market capitalization of $16.97 billion, a P/E ratio of 13.11, a P/E/G ratio of 3.38 and a beta of 2.00. The company’s 50 day moving average price is $31.81 and its two-hundred day moving average price is $31.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.77 and a quick ratio of 0.69. DISH Network Co. has a fifty-two week low of $17.09 and a fifty-two week high of $39.98.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Sunday, February 21st. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.49. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.55 billion. DISH Network had a net margin of 10.01% and a return on equity of 11.81%. DISH Network’s revenue was up 40.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, analysts expect that DISH Network Co. will post 2.51 earnings per share for the current year.

DISH Network Company Profile

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

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