Robert B. Gillam decreased its stake in Dish Network Corp (DISH) by 33.83% based on its latest 2016Q3 regulatory filing with the SEC. Mckinley Capital Management Inc sold 163,240 shares as the company’s stock rose 4.20% with the market. The hedge fund run by Robert B. Gillam held 319,336 shares of the television services company at the end of 2016Q3, valued at $16.22 million, down from 482,576 at the end of the previous reported quarter. Mckinley Capital Management Inc who had been investing in Dish Network Corp for a number of months, seems to be less bullish one the $28.88 billion market cap company. The stock is up 0.42% or $0.26 hitting $62, despite the negative news. About 553,053 shares traded hands. DISH Network Corp (NASDAQ:DISH) has risen 10.13% since June 7, 2016 and is uptrending. It has outperformed by 2.71% the S&P500.
Mckinley Capital Management Inc, which manages about $8.13B and $1.75B US Long portfolio, upped its stake in Open Text Corp (NASDAQ:OTEX) by 230,490 shares to 318,990 shares, valued at $19.66M in 2016Q3, according to the filing. It also increased its holding in Cisco Systems Inc (NASDAQ:CSCO) by 429,235 shares in the quarter, for a total of 1.01M shares, and has risen its stake in Insteel Industries Inc (NASDAQ:IIIN).
The McKinley Capital Management firm of Robert B. Gillam which also refers itself as the “global growth specialist” has it’s headquarter in Anchorage AK. Mckinley Capital Management Inc is a Unknown-based hedge fund that was founded by Robert B. Gillam. It had more than $8.13 billion assets under management in April, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Mckinley Capital Management latest Adv, the fund reported to have 69 full and part-time employees. Among which 25 performing investment advisory and research functions. The hedge fund had more than 400 clients.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q3. Its down 0.40, from 1.35 in 2016Q2. The ratio turned negative, as 29 funds sold all DISH shares owned while 138 reduced positions. 39 funds bought stakes while 120 increased positions. They now own 220.96 million shares or 6.17% more from 208.11 million shares in 2016Q2. Moreover, Cornerstone Cap Mgmt Ltd Liability Company has 0.01% invested in DISH Network Corp (NASDAQ:DISH) for 28,579 shares. Great West Life Assurance Can reported 140,628 shares or 0.02% of all its holdings. Airain Limited holds 39,297 shares or 0.13% of its portfolio. Whittier Trust owns 440 shares or 0% of their US portfolio. The Pennsylvania-based Stevens Mngmt LP has invested 0.46% in DISH Network Corp (NASDAQ:DISH). Timber Hill Ltd Llc last reported 0.01% of its portfolio in the stock. Pacific Global Invest Management, a California-based fund reported 5,872 shares. First Mercantile Trust Co has 29,126 shares for 0.21% of their US portfolio. Fmr Limited Co last reported 5.03M shares in the company. Ameritas Investment Partners has invested 0.01% of its portfolio in DISH Network Corp (NASDAQ:DISH). Stifel Fincl Corp has 35,139 shares for 0.01% of their US portfolio. Jane Street Ltd Llc accumulated 0% or 10,361 shares. Blackrock Fund Advsr last reported 0.01% of its portfolio in the stock. Us Natl Bank De accumulated 13,484 shares or 0% of the stock. Bartlett And Limited Company holds 0.01% of its portfolio in DISH Network Corp (NASDAQ:DISH) for 3,345 shares.
Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 7 insider sales for $9.37 million net activity. The insider CULLEN THOMAS A sold $7.06 million. Swain Steven E sold 2,000 shares worth $120,000. VOGEL CARL E sold $1.61 million worth of stock. 7,000 DISH Network Corp (NASDAQ:DISH) shares with value of $420,000 were sold by Khemka Vivek. Another trade for 92 shares valued at $5,382 was sold by ORBAN PAUL W. Another trade for 3,000 shares valued at $153,030 was sold by Swieringa John.
Analysts await DISH Network Corp (NASDAQ:DISH) to report earnings on February, 16. They expect $0.67 EPS, up 8.06% or $0.05 from last year’s $0.62 per share. DISH’s profit will be $312.09M for 23.13 P/E if the $0.67 EPS becomes a reality. After $0.64 actual EPS reported by DISH Network Corp for the previous quarter, Wall Street now forecasts 4.69% EPS growth.
More notable recent DISH Network Corp (NASDAQ:DISH) news were published by: Investorplace.com which released: “DISH Network Corp (DISH) Reports Earnings Miss in Q3” on November 09, 2016, also 9News.com with their article: “Dish Network offshoot unveils streaming device for cord cutters” published on January 03, 2017, Wsj.com published: “Viacom, Dish Network Agree on Carriage Contract” on April 21, 2016. More interesting news about DISH Network Corp (NASDAQ:DISH) were released by: Ibtimes.com and their article: “Dish Network Blackout: Viewers Livid As Tribune Stations From NYC To LA Go …” published on June 13, 2016 as well as Investorplace.com‘s news article titled: “Dish Network Corp Adds YouTube, LLC to Dish Hopper 3 DVR” with publication date: October 22, 2016.
According to Zacks Investment Research, “DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network – the direct broadcast satellite, subscription television service in the United States. EchoStar Technologies Corporation division, which is principally responsible for the design of digital set-top boxes, or satellite receivers, and the sale of set-top boxes to international operators. Satellite Services division provides video, audio and data services to business television customers and other satellite users.”
DISH Network Corp (NASDAQ:DISH) Ratings Coverage
Out of 16 analysts covering Dish Network Corp. (NASDAQ:DISH), 8 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 50% are positive. Dish Network Corp. has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, November 11 by FBR Capital. The rating was upgraded by Barclays Capital on Tuesday, February 16 to “Equal-Weight”. The rating was maintained by JP Morgan with “Overweight” on Monday, October 5. The company was initiated on Wednesday, July 22 by HSBC. Vetr downgraded the shares of DISH in a report on Tuesday, September 8 to “Buy” rating. The rating was upgraded by Moeffett Nathanson on Monday, October 26 to “Neutral”. Zacks upgraded the shares of DISH in a report on Saturday, September 5 to “Buy” rating. The stock of DISH Network Corp (NASDAQ:DISH) has “Neutral” rating given on Monday, February 22 by Macquarie Research. The stock of DISH Network Corp (NASDAQ:DISH) has “Buy” rating given on Thursday, April 21 by Goldman Sachs. The stock of DISH Network Corp (NASDAQ:DISH) earned “Outperform” rating by FBR Capital on Monday, August 10.
DISH Company Profile
DISH Network Corporation, incorporated on April 26, 1995, is a holding company. The Firm operates through two divisions: DISH and Wireless. The Firm 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 (DBS) and Fixed Satellite Service (FSS) 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. The Sling branded Pay-TV services consist of live, linear streaming over-the-top (OTT) Internet domestic, international and Latino video programming services (Sling TV). The Firm offers receiver systems and programming through direct sales channels and through independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, retailers and telecommunications companies.
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