Principal Financial Group Inc. grew its holdings in DISH Network Co. (NASDAQ:DISH – Get Rating) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,433 shares of the company’s stock after acquiring an additional 4,632 shares during the period. Principal Financial Group Inc. owned about 0.06% of DISH Network worth $9,730,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Swiss National Bank boosted its holdings in shares of DISH Network by 14.3% in the 1st quarter. Swiss National Bank now owns 1,068,979 shares of the company’s stock valued at $33,833,000 after acquiring an additional 133,800 shares during the last quarter. CX Institutional purchased a new stake in shares of DISH Network in the 1st quarter valued at $1,892,000. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of DISH Network by 10.0% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,371 shares of the company’s stock valued at $233,000 after acquiring an additional 672 shares during the last quarter. Kentucky Retirement Systems boosted its holdings in shares of DISH Network by 4.0% in the 1st quarter. Kentucky Retirement Systems now owns 15,916 shares of the company’s stock valued at $504,000 after acquiring an additional 618 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of DISH Network by 6.0% in the 1st quarter. Teacher Retirement System of Texas now owns 50,801 shares of the company’s stock valued at $1,608,000 after acquiring an additional 2,881 shares during the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director James Defranco acquired 35,620 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average cost of $18.66 per share, for a total transaction of $664,669.20. Following the completion of the transaction, the director now owns 389,927 shares in the company, valued at $7,276,037.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 343,585 shares of company stock worth $6,200,060 over the last three months. Insiders own 53.30% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on DISH. Benchmark lowered their price target on shares of DISH Network from $50.00 to $37.00 in a report on Monday, May 9th. Credit Suisse Group raised shares of DISH Network from a “neutral” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, May 9th. JPMorgan Chase & Co. lowered their price target on shares of DISH Network from $30.00 to $24.00 in a report on Thursday, August 4th. Citigroup lowered their price target on shares of DISH Network from $46.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, May 23rd. Finally, Barclays lowered their price target on shares of DISH Network from $25.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, DISH Network currently has an average rating of “Moderate Buy” and a consensus target price of $37.21.DISH Network Price Performance
Shares of NASDAQ DISH opened at $17.50 on Thursday. The firm has a 50-day simple moving average of $18.15 and a 200-day simple moving average of $24.46. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.85. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. DISH Network Co. has a 52 week low of $16.20 and a 52 week high of $46.31.
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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Principal Financial Group Inc. Grows Stock Holdings in DISH Network Co. (NASDAQ:DISH) - Defense World
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