Dish Network (DISH) Shares Declined While Weik Investment Services Trimmed Its Stake; As Diamondback Energy (FANG) Market Value Rose, Gluskin Sheff & Assoc Has Increased Stake by $1.11 Million

May 23, 2018 - By Peter Mason

DISH Network Corporation (NASDAQ:DISH) Logo

Gluskin Sheff & Assoc Inc increased its stake in Diamondback Energy Inc (FANG) by 67% based on its latest 2017Q4 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc bought 8,810 shares as the company’s stock rose 3.87% while stock markets declined. The institutional investor held 21,960 shares of the energy company at the end of 2017Q4, valued at $2.77M, up from 13,150 at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Diamondback Energy Inc for a number of months, seems to be bullish on the $13.04 billion market cap company. The stock decreased 3.31% or $4.53 during the last trading session, reaching $132.23. About 929,925 shares traded. Diamondback Energy, Inc. (NASDAQ:FANG) has risen 30.56% since May 23, 2017 and is uptrending. It has outperformed by 19.01% the S&P500.

Weik Investment Services Inc decreased its stake in Dish Network (DISH) by 44.28% based on its latest 2017Q4 regulatory filing with the SEC. Weik Investment Services Inc sold 6,500 shares as the company’s stock declined 23.24% with the market. The institutional investor held 8,180 shares of the television services company at the end of 2017Q4, valued at $391,000, down from 14,680 at the end of the previous reported quarter. Weik Investment Services Inc who had been investing in Dish Network for a number of months, seems to be less bullish one the $14.94 billion market cap company. The stock increased 0.41% or $0.13 during the last trading session, reaching $31.97. About 1.78 million shares traded. DISH Network Corporation (NASDAQ:DISH) has declined 40.08% since May 23, 2017 and is downtrending. It has underperformed by 51.63% the S&P500.

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.36, from 1.53 in 2017Q3. It dropped, as 49 investors sold FANG shares while 113 reduced holdings. 72 funds opened positions while 117 raised stakes. 99.08 million shares or 5.50% less from 104.84 million shares in 2017Q3 were reported. Ascend Cap Ltd Liability Co holds 308,565 shares or 1.46% of its portfolio. Hancock Hldg Com holds 0.45% or 85,578 shares in its portfolio. Glenmede Tru Na owns 0% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 306 shares. Ranger Inv Management Lp holds 3,480 shares or 0.03% of its portfolio. Gabelli Funds Ltd Llc holds 0.14% or 187,800 shares in its portfolio. 323,946 were reported by Schwab Charles Investment Mngmt Incorporated. Wellington Shields Ltd Liability Corp invested in 10,450 shares. Metropolitan Life Com Ny has 0.01% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 3,856 shares. Brown Advisory has invested 0% in Diamondback Energy, Inc. (NASDAQ:FANG). Amundi Pioneer Asset Mngmt holds 93,863 shares. Calamos Advisors Lc invested in 0% or 1,681 shares. Sir Cap Mngmt Lp holds 151,878 shares or 4.24% of its portfolio. Cornercap Inv Counsel owns 47,622 shares for 0.82% of their portfolio. Schroder Mgmt Grp Inc has invested 0.02% in Diamondback Energy, Inc. (NASDAQ:FANG). Ent Fin Service Corporation invested in 0% or 19 shares.

Since December 11, 2017, it had 0 insider purchases, and 18 sales for $24.78 million activity. On Thursday, May 17 the insider Dick Teresa L. sold $342,450. Shares for $83,876 were sold by Van’t Hof Matthew Kaes on Friday, February 16. $1.30 million worth of Diamondback Energy, Inc. (NASDAQ:FANG) was sold by Molnar Paul on Monday, March 5. $82,678 worth of stock was sold by Hawkins Thomas F. on Friday, February 16. Stice Travis D. sold 87,150 shares worth $10.91M. Pantermuehl Russell sold $2.98 million worth of Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, February 16.

Gluskin Sheff & Assoc Inc, which manages about $7.77B and $1.91B US Long portfolio, decreased its stake in Mastercard Incorporated (NYSE:MA) by 3,751 shares to 201,480 shares, valued at $30.50M in 2017Q4, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 7,890 shares in the quarter, leaving it with 544,430 shares, and cut its stake in General Mtrs Co (NYSE:GM).

More notable recent Diamondback Energy, Inc. (NASDAQ:FANG) news were published by: Seekingalpha.com which released: “Diamondback Energy: The Actual ‘FANG’ Stock Delivers” on May 14, 2018, also Seekingalpha.com with their article: “Diamondback Energy: A Top Permian Producer” published on April 27, 2018, Nasdaq.com published: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2018 Financial and …” on May 01, 2018. More interesting news about Diamondback Energy, Inc. (NASDAQ:FANG) were released by: Nasdaq.com and their article: “Viper Energy Partners LP, A Subsidiary Of Diamondback Energy, Inc., Announces Effective Date Of Tax Status Change …” published on May 09, 2018 as well as Investorplace.com‘s news article titled: “The 10 Fastest-Growing Stocks to Invest In Right Now” with publication date: May 22, 2018.

Among 41 analysts covering Diamondback Energy (NASDAQ:FANG), 36 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Diamondback Energy had 133 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, October 11 the stock rating was maintained by Barclays Capital with “Equal-Weight”. As per Wednesday, November 8, the company rating was maintained by Imperial Capital. Piper Jaffray maintained Diamondback Energy, Inc. (NASDAQ:FANG) rating on Monday, February 26. Piper Jaffray has “Buy” rating and $142.0 target. Roth Capital maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Thursday, July 27 with “Buy” rating. FBR Capital initiated the stock with “Hold” rating in Monday, February 5 report. Wells Fargo maintained Diamondback Energy, Inc. (NASDAQ:FANG) rating on Tuesday, October 17. Wells Fargo has “Buy” rating and $120.0 target. Mizuho initiated it with “Buy” rating and $105 target in Thursday, October 6 report. Canaccord Genuity downgraded Diamondback Energy, Inc. (NASDAQ:FANG) rating on Thursday, February 18. Canaccord Genuity has “Buy” rating and $65 target. BMO Capital Markets initiated Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, January 29 with “Outperform” rating. Bank of America initiated the stock with “Buy” rating in Wednesday, July 13 report.

More important recent DISH Network Corporation (NASDAQ:DISH) news were published by: Streetinsider.com which released: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” on May 15, 2018, also Seekingalpha.com published article titled: “DISH Network (DISH) Q1 2018 Results – Earnings Call Transcript”, Benzinga.com published: “Mid-Morning Market Update: Markets Edge Lower; DISH Network Revenue Misses Expectations” on May 08, 2018. More interesting news about DISH Network Corporation (NASDAQ:DISH) was released by: 9News.com and their article: “Ergen dethroned as Colorado’s richest person, says Forbes” with publication date: May 22, 2018.

Analysts await DISH Network Corporation (NASDAQ:DISH) to report earnings on August, 1. They expect $0.72 earnings per share, up 4.35% or $0.03 from last year’s $0.69 per share. DISH’s profit will be $336.51 million for 11.10 P/E if the $0.72 EPS becomes a reality. After $0.70 actual earnings per share reported by DISH Network Corporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.13, from 1.1 in 2017Q3. It improved, as 39 investors sold DISH shares while 117 reduced holdings. 59 funds opened positions while 133 raised stakes. 217.69 million shares or 1.40% less from 220.79 million shares in 2017Q3 were reported. Mad River has invested 2.64% of its portfolio in DISH Network Corporation (NASDAQ:DISH). Landscape Capital Management Ltd has invested 0.16% of its portfolio in DISH Network Corporation (NASDAQ:DISH). Davenport Co Ltd Co reported 0.63% stake. Old West Investment Lc accumulated 95,966 shares. Ubs Asset Americas has invested 0.03% in DISH Network Corporation (NASDAQ:DISH). Credit Suisse Ag has invested 0.02% of its portfolio in DISH Network Corporation (NASDAQ:DISH). Gabelli & Advisers owns 6,400 shares or 0.04% of their US portfolio. Morgan Stanley has 911,123 shares for 0.01% of their portfolio. Gsa Limited Liability Partnership has invested 0.02% of its portfolio in DISH Network Corporation (NASDAQ:DISH). Dnb Asset Mgmt As stated it has 25,553 shares or 0.01% of all its holdings. 7,702 were accumulated by Fny Managed Accounts Lc. Natl Pension Ser invested in 0.07% or 285,577 shares. Jefferies Gp Ltd Liability Corp accumulated 0.02% or 89,196 shares. Magnetar Ltd Co invested in 20,658 shares or 0.02% of the stock. Manufacturers Life Insurance Communications The accumulated 244,176 shares.

Since January 5, 2018, it had 0 insider buys, and 5 selling transactions for $284,520 activity. Shares for $5,433 were sold by Khemka Vivek. McSchooler Jeffrey L also sold $27,831 worth of DISH Network Corporation (NASDAQ:DISH) shares.

Diamondback Energy, Inc. (NASDAQ:FANG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Peter Mason

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: