Dish Network (NASDAQ:DISH) 4Q17 Profit Surge On Income Tax Gain

Dish Reports Tax-related Profit Boost, 2.2M Sling TV Subs in Q4

Dish Reports Tax-related Profit Boost, 2.2M Sling TV Subs in Q4

The stock increased 0.90% or $0.58 during the last trading session, reaching $65.09. About 6.78M shares traded or 90.52% up from the average. Sun Life Financial INC lifted its holdings in shares of DISH Network by 20,725.0% during the 2nd quarter. It has underperformed by 24.57% the S&P500. IHT Wealth Management LLC now owns 1,750 shares of the company's stock worth $1,593,000 after acquiring an additional 426 shares during the last quarter.

Dish, like other pay-TV providers, is combating the growing trend of cord-cutting, where consumers move away from satellite TV packages to online streaming services such as Netflix Inc and Amazon.com Inc's Amazon Prime. About 44,796 shares traded. It is down 43.12% since February 20, 2017 and is uptrending. It has outperformed by 26.42% the S&P500.

Tourbillon Capital Partners Lp, which manages about $1.12B and $4.13 billion US Long portfolio, upped its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 730,803 shares to 1.73 million shares, valued at $125.55 million in 2017Q3, according to the filing.

Investors sentiment decreased to 1.1 in Q3 2017. The biggest holder now is James Defranco who owns 1,133,529 shares (0.24% of those outstanding), whilst Mr. Charles W. Ergen holds 596,470 (0.13% of shares outstanding) and Mr. Joseph P. Clayton holds 179,108 (0.04% of shares outstanding). It is negative, as 44 investors sold DISH shares while 119 reduced holdings.

Other hedge funds have also made changes to their positions in the company. The company reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $2.09. 4,585 were reported by Prelude Mgmt Limited Liability Company. Reynders Mcveigh Cap Management owns 32,230 shares or 0.16% of their United States portfolio. Dimensional Fund Advsrs Lp reported 0.01% in DISH Network Corporation (NASDAQ:DISH). Ballentine Ptnrs Ltd Liability owns 3,861 shares. Independent Order Of Foresters owns 10,770 shares. Brown Advisory reported 49,535 shares. Daiwa Gp has 97,169 shares for 0.04% of their portfolio. Strs Ohio accumulated 127,183 shares. Employees Retirement Sys Of Texas holds 12,000 shares or 0.01% of its portfolio.

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DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States.

Since August 28, 2017, it had 0 buys, and 4 selling transactions for $67,480 activity. The insider McSchooler Jeffrey L sold $44,439. France-based Credit Agricole S A has invested 0.02% in DISH Network Corporation (NASDAQ:DISH). DISH Network Corp has a 12-month low of $42.28 and a 12-month high of $66.50. Therefore 40% are positive. The rating was maintained by FBR Capital on Friday, November 11 with "Underperform". The firm has "Overweight" rating given on Monday, January 23 by Morgan Stanley. The rating was maintained by Macquarie Research on Thursday, July 6 with "Hold". The firm earned "Hold" rating on Wednesday, November 22 by RBC Capital Markets. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Therefore 100% are positive. AT&T Inc. had 73 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has a market capitalization of $21,307.85, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.99 and a beta of 1.04.

Analyst's ratings determines the future of any company. The stock has "Neutral" rating by Bank of America on Thursday, December 8. The company maintains price to book ratio of 3.84 vs.an industry average at 2.06. SunTrust initiated Helmerich & Payne, Inc. The stock has "Buy" rating by Citigroup on Wednesday, September 2. HSBC has "Reduce" rating and $58 target.

Investors sentiment decreased to 1.42 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2. It increased, as 36 investors sold MOS shares while 129 reduced holdings. Group One Trading LP owns 41,301 shares for 0.02% of their portfolio. Altalis Cap Management Lc stated it has 229,059 shares. Dodge Cox holds 0.7% or 16.04 million shares. (NYSE:HP). Mraz Amerine Associates owns 36,200 shares. Ariel Invests Llc invested 0.1% of its portfolio in Perceptron, Inc. (NYSE:HP) for 47,480 shares. Its up 2.3% from 13.92 million shares previously. The Norway-based Dnb Asset Mngmt As has invested 0.02% in DISH Network Corporation (NASDAQ:DISH). (NASDAQ:PRCP). Oberweis Asset Mgmt owns 32,300 shares. Nationwide Fund Advisors invested in 176,268 shares. Hbk Invs Ltd Partnership holds 386,100 shares. The Pennsylvania-based Glenmede Trust Co Na has invested 0% in the stock.

Analysts expect Adamas Pharmaceuticals, Inc. Private Advisor Grp Lc holds 5,586 shares or 0.01% of its portfolio. Carret Asset Management Llc owns 21,400 shares or 0.01% of their U.S. portfolio.

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