Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 19.12MM shares of DISH Network Corp (DISH). This represents 6.5% of the company.
In their previous filing dated February 8, 2022 they reported 17.64MM shares and 6.10% of the company, an increase in shares of 8.40% and an increase in total ownership of 0.40% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 129.74% Upside
As of January 31, 2023, the average one-year price target for DISH Network is $33.06. The forecasts range from a low of $14.14 to a high of $63.00. The average price target represents an increase of 129.74% from its latest reported closing price of $14.39.
The projected annual revenue for DISH Network is $17,001MM, a decrease of 0.48%. The projected annual EPS is $1.49, a decrease of 58.81%.
Fund Sentiment
There are 948 funds or institutions reporting positions in DISH Network. This is a decrease of 21 owner(s) or 2.17%.
Average portfolio weight of all funds dedicated to US:DISH is 0.1421%, a decrease of 16.9819%. Total shares owned by institutions decreased in the last three months by 2.44% to 288,354K shares.
What are large shareholders doing?
Dodge & Cox holds 39,364,166 shares representing 7.42% ownership of the company. In it's prior filing, the firm reported owning 39,723,546 shares, representing a decrease of 0.91%. The firm decreased its portfolio allocation in DISH by 16.33% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 26,325,837 shares representing 4.96% ownership of the company. In it's prior filing, the firm reported owning 26,275,837 shares, representing an increase of 0.19%. The firm decreased its portfolio allocation in DISH by 16.79% over the last quarter.
Eagle Capital Management holds 17,131,007 shares representing 3.23% ownership of the company. In it's prior filing, the firm reported owning 16,917,615 shares, representing an increase of 1.25%. The firm decreased its portfolio allocation in DISH by 18.20% over the last quarter.
Palestra Capital Management holds 8,687,914 shares representing 1.64% ownership of the company. In it's prior filing, the firm reported owning 11,946,074 shares, representing a decrease of 37.50%. The firm decreased its portfolio allocation in DISH by 44.18% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,361,033 shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 7,290,710 shares, representing an increase of 0.96%. The firm decreased its portfolio allocation in DISH by 18.82% over the last quarter.
Dish Network Background Information
(This description is provided by the company.)
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation's first cloud native, OpenRAN-based 5G broadband network.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
