• Disclaimer
  • Privacy Policy
Media Coverage
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
Media Coverage
No Result
View All Result
Home Business news

New York State Common Retirement Fund Increases Holding in DISH Network, Despite Mixed Analyst Reviews

Roberto Liccardo by Roberto Liccardo
April 26, 2023
in Business news
0
Cash flow stock investing
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

New York State Common Retirement Fund has announced that its holding in DISH Network Co. has grown by 16.8% to 269,713 shares worth $3,787,000 at the end of the fourth quarter of last year. DISH Network Corp., a leading provider of pay-tv services which operates under the DISH and Sling brands, recently submitted its 13F filing with the Securities and Exchange Commission. The New-York based fund had purchased an additional 38,854 shares during this period, lapsed over three months from October through December.

Investors’ interest in DISH Network’s stock is not recent as several analysts have been reviewing it since March when StockNews.com started coverage of the firm with a sell rating. Barclays also reduced their price objective from $14.00 to $10.00 on April 12th, while Credit Suisse Group reaffirmed an outperform rating with a $35.00 price objective on Feb 24th. However, the Bank of America’s recent downgrade could change investors’ perceptions since they lowered DISH’s rating from “buy” to “underperform,” cutting their price target for the company by two-thirds from $30.00 to just $10.

In light of these mixed reviews, it can be difficult for investors to decide whether this constitutes a lucrative investment opportunity or if they should drop their existing holdings in this competitive market sector dominated by cable giants such as Comcast and Charter Communications.

While some industry watchers are bearish about DISH’s prospects due to its declining number of subscribers over recent years and stiff competition from other providers offering similar services at attractive prices; reasons exist for confidence in this stock thanks to unique offerings like Breaking News Alerts on REDBOX or On-demand movies without subscription fees like Hulu Live TV packages offered last month.

However shareholders choose to proceed with their investments in times ahead; one thing remains indisputable: DISH Network Corp. is definitely a company to watch, with an average rating of “Hold” and an average price target of $26.87 by industry experts.

Investor Interest in DISH Network Corp. Grows Despite Recent Revenue Decline



DISH Network Corp. is a well-known US holding company offering pay-TV services to its customers, operating under the DISH and Sling brands. Additionally, DISH Network holds wireless spectrum licenses and related assets for its Wireless segment. The company was founded by Cantey M Ergen and Charles William Ergen.

Recently, Signaturefd LLC lifted its position in DISH Network by 138.9% during Q4 2020, now owning 4,013 shares of the company’s stock for $56,000 after purchasing an additional 2,333 shares in the last quarter. Exchange Traded Concepts LLC also bought a new stake in DISH Network valuing at $77,000 during the same period.

State of Michigan Retirement System grew its position in DISH Network by 5.1% during Q4 2020 as well, now owning 88,813 shares worth $1,247,000 after acquiring an additional 4,300 shares during the quarter. Oregon Public Employees Retirement Fund also increased its stake in DISH Network by 21.2% during the same period and now owns 138,083 shares valued at $1,939,000 after acquiring an additional 24,198 shares. Comerica Bank also raised its position in DISH Network by 3.9% during Q4 2020 owning an additional1,359 shares of the company’s stock valued at $527,000.

Interestingly enough Director James Defranco acquired a significant amount of stock shortly before these movements were made public knowledge as well – on Wednesday March 8th he purchased a total of150k stocks with each share priced at $11.46 which brings his total ownership to3,767658 shares worth$43,,177360.68 million after completing this transaction.He was not alone asinsiders collectively boughta totalof2,.1mncompanyshares worth$22mn in the previous quarter, with insiders now owning a staggering 55.50% of the firm’s stock.

NASDAQ:DISH opened at $7.49 on Tuesday with DISH Networks’ fifty day simple moving average being $10.27, and its 200-simple moving average being$13.13, showing its volatility and inconsistency within the market over time.The company has a quick ratio of 0.68, a current ratio of0.77 and a debt-to-equity ratio of1.10 all proving useful to analytic investors when evaluating the potential benefits or issues they may face in investing in DISH Network.

In summary, DISH Network Corp – with it’s two overall operating segments under DISH brand and Sling brand — has undergone both positive recent developments regarding collective acquisitions by hedge funds/institutional investors and insider ownership activity as well as faltering growth in regards to revenue during Q4 2020 comparative to the same period last year. Despite this, research analysts anticipate that there will be 1.3 EPS for the ongoing year for DISH Network Co., potentially gaining investors favour towards holding shares for short term financial gain opportunities downthe line if regained financial stability continues accordingly.

Tags: DISH
Previous Post

Ieq Capital LLC Increases Holdings in Estée Lauder, as Brokerages Provide Conflicting Recommendations

Next Post

Fisher Asset Management LLC Purchases Stake in American Eagle Outfitters, Inc. amidst Analyst Reports

Next Post
Cash flow stock news

Fisher Asset Management LLC Purchases Stake in American Eagle Outfitters, Inc. amidst Analyst Reports

Wealth

Sugarhill Ddot’s Net Worth: Inside The Career of the Rising Drill Rap Star

by Gabriel Bello Obando
November 10, 2023
0

When it comes to the hip-hop scene in America, there are a few names that stand out. However, one name...

Read more

From Telenovelas to Hollywood: Exploring Kate del Castillo Net Worth and Career Achievements

June 1, 2023

Adamari López Net Worth: An Inspirational Tale of Resilience Beyond The Screen

June 1, 2023

Simon Helberg Net Worth: A Multi-Talented Hollywood Star

June 1, 2023

Sam Bailey Net Worth: Her Journey to Fame and Musical Career

June 1, 2023

Categories

  • Analyst Ratings
  • Business
  • Business news
  • Market coverage
  • Pre-IPO & Startups
  • Stock Markets
  • Wealth
  • World Economy

About Us

Our team of experienced journalists and industry experts is committed to providing you with the latest and most accurate information on a wide range of topics, from finance and technology to politics and the economy.

We are proud to be part of the Best Stocks team and to offer our readers exceptional content that is informed by our combined expertise. We look forward to continuing to serve our readers and to playing a key role in the world of business analysis and reporting.

READ MORE

  • Media Contacts
  • Journalist Contacts
  • Contact
  • About us
  • Disclaimer
  • Privacy Policy

© 2023 Media Coverage

No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact

© 2023 Media Coverage