Principal Financial Group Inc. increased its position in shares of DISH Network Corporation (NASDAQ:DISH) by 1,711.9% during the first quarter, Holdings Channel reports. The fund owned 332,673 shares of the company’s stock after buying an additional 314,313 shares during the period. Principal Financial Group Inc. owned approximately 0.07% of DISH Network Corporation worth $21,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dodge & Cox acquired a new stake in DISH Network Corporation during the fourth quarter valued at about $942,242,000. Comerica Bank raised its stake in DISH Network Corporation by 47.6% in the fourth quarter. Comerica Bank now owns 25,078 shares of the company’s stock valued at $1,562,000 after buying an additional 8,082 shares during the period. Candriam Luxembourg S.C.A. raised its stake in DISH Network Corporation by 20.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 21,000 shares of the company’s stock valued at $1,333,000 after buying an additional 3,604 shares during the period. Barometer Capital Management Inc. acquired a new stake in DISH Network Corporation during the first quarter valued at about $654,000. Finally, Doyle Wealth Management acquired a new stake in DISH Network Corporation during the first quarter valued at about $8,056,000. Hedge funds and other institutional investors own 50.61% of the company’s stock.

Institutional Ownership by Quarter for DISH Network Corporation (NASDAQ:DISH)

DISH Network Corporation (NASDAQ DISH) traded down 1.19% on Friday, reaching $64.50. The company’s stock had a trading volume of 2,803,405 shares. The company has a market capitalization of $30.05 billion, a price-to-earnings ratio of 21.78 and a beta of 0.95. DISH Network Corporation has a 52 week low of $48.51 and a 52 week high of $66.48. The firm’s 50 day moving average price is $63.44 and its 200-day moving average price is $61.67.

DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Monday, May 1st. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. DISH Network Corporation had a return on equity of 32.65% and a net margin of 9.59%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $0.84 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, equities analysts predict that DISH Network Corporation will post $2.72 EPS for the current year.

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A number of research firms recently weighed in on DISH. Wunderlich reaffirmed a “sell” rating and set a $54.00 target price on shares of DISH Network Corporation in a report on Monday, June 12th. Royal Bank Of Canada set a $56.00 price target on shares of DISH Network Corporation and gave the stock a “hold” rating in a report on Saturday, May 20th. Wells Fargo & Company reissued an “outperform” rating on shares of DISH Network Corporation in a report on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of DISH Network Corporation in a research note on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) cut their price objective on shares of DISH Network Corporation from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Tuesday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. DISH Network Corporation has an average rating of “Hold” and a consensus target price of $69.19.

In related news, EVP R Stanton Dodge sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tom A. Ortolf sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.55, for a total value of $302,750.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $302,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,378 shares of company stock worth $2,930,248. 49.30% of the stock is owned by insiders.

About DISH Network Corporation

DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.

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