Texas Permanent School Fund Has $561,000 Holdings in DISH Network Co. (NASDAQ:DISH)

Texas Permanent School Fund lowered its position in shares of DISH Network Co. (NASDAQ:DISHGet Rating) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,312 shares of the company’s stock after selling 1,077 shares during the quarter. Texas Permanent School Fund’s holdings in DISH Network were worth $561,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new position in DISH Network in the 2nd quarter valued at approximately $696,000. M&T Bank Corp increased its stake in DISH Network by 38.2% in the 2nd quarter. M&T Bank Corp now owns 22,495 shares of the company’s stock valued at $394,000 after buying an additional 6,212 shares during the period. Potomac Capital Management Inc. increased its stake in DISH Network by 54.2% in the 2nd quarter. Potomac Capital Management Inc. now owns 23,300 shares of the company’s stock valued at $418,000 after buying an additional 8,188 shares during the period. State of New Jersey Common Pension Fund D increased its stake in DISH Network by 7.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 154,571 shares of the company’s stock valued at $2,771,000 after buying an additional 10,667 shares during the period. Finally, Fifth Third Bancorp grew its position in DISH Network by 9.2% in the second quarter. Fifth Third Bancorp now owns 10,048 shares of the company’s stock worth $180,000 after acquiring an additional 846 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DISH shares. Pivotal Research decreased their target price on shares of DISH Network from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Morgan Stanley decreased their target price on shares of DISH Network from $29.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of DISH Network from $61.00 to $55.00 in a research report on Thursday, August 4th. Barclays decreased their price objective on shares of DISH Network from $19.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, November 3rd. Finally, Royal Bank of Canada decreased their price objective on shares of DISH Network from $24.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.64.

DISH Network Trading Down 2.5 %

Shares of DISH stock opened at $14.85 on Tuesday. DISH Network Co. has a 52-week low of $12.55 and a 52-week high of $37.28. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 4.92 and a beta of 1.81. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.40 and a current ratio of 0.50. The firm has a fifty day moving average of $15.00 and a 200-day moving average of $17.55.

Insider Activity

In other DISH Network news, Director James Defranco acquired 110,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was bought at an average price of $16.73 per share, for a total transaction of $1,840,300.00. Following the purchase, the director now owns 131,327 shares in the company, valued at approximately $2,197,100.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 53.30% of the company’s stock.

DISH Network 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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