Versant Capital Management Inc Buys 5,433 Shares of DISH Network Co. (NASDAQ:DISH)

Versant Capital Management Inc boosted its stake in shares of DISH Network Co. (NASDAQ:DISH) by 2,331.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,666 shares of the company’s stock after buying an additional 5,433 shares during the quarter. Versant Capital Management Inc’s holdings in DISH Network were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DISH. Vanguard Group Inc. raised its holdings in shares of DISH Network by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 27,323,433 shares of the company’s stock valued at $864,788,000 after purchasing an additional 597,587 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of DISH Network by 51.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 6,004,282 shares of the company’s stock valued at $56,020,000 after purchasing an additional 2,047,219 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of DISH Network by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 5,430,671 shares of the company’s stock valued at $50,562,000 after purchasing an additional 53,629 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of DISH Network by 1.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 4,341,769 shares of the company’s stock valued at $40,509,000 after purchasing an additional 44,946 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of DISH Network by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,850,034 shares of the company’s stock valued at $90,210,000 after purchasing an additional 53,552 shares in the last quarter. Institutional investors own 98.16% of the company’s stock.

Insider Transactions at DISH Network

In other news, EVP Thomas A. Cullen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $6.43, for a total value of $160,750.00. Following the sale, the executive vice president now owns 276,050 shares in the company, valued at $1,775,001.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 50,047 shares of company stock worth $320,135 over the last quarter. 55.50% of the stock is currently owned by insiders.

DISH Network Stock Down 4.1 %

DISH Network stock opened at $6.54 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.56 and a current ratio of 0.64. The business’s 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $7.48. The company has a market cap of $3.49 billion, a PE ratio of 2.35 and a beta of 1.84. DISH Network Co. has a fifty-two week low of $5.83 and a fifty-two week high of $17.49.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.91 billion. DISH Network had a return on equity of 9.90% and a net margin of 11.06%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. Equities analysts anticipate that DISH Network Co. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DISH. Royal Bank of Canada restated a “sector perform” rating and issued a $7.00 price target on shares of DISH Network in a report on Wednesday, August 23rd. Raymond James reduced their price target on shares of DISH Network from $21.00 to $19.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 9th. JPMorgan Chase & Co. cut their price objective on shares of DISH Network from $16.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Credit Suisse Group cut their price objective on shares of DISH Network from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Finally, Pivotal Research lifted their price objective on shares of DISH Network from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.91.

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.