Symphony Asset Management Has Trimmed Abbott Labs (ABT) Holding By $628,951; Dish Network (DISH) Sentiment Is 1.1

February 18, 2018 - By Vivian Currie

Symphony Asset Management Llc decreased Abbott Labs (ABT) stake by 11.73% reported in 2017Q3 SEC filing. Symphony Asset Management Llc sold 11,867 shares as Abbott Labs (ABT)’s stock declined 3.42%. The Symphony Asset Management Llc holds 89,339 shares with $4.77 million value, down from 101,206 last quarter. Abbott Labs now has $104.73 billion valuation. The stock increased 1.13% or $0.67 during the last trading session, reaching $60.17. About 7.85 million shares traded or 12.40% up from the average. Abbott Laboratories (NYSE:ABT) has risen 15.90% since February 18, 2017 and is uptrending. It has underperformed by 0.80% the S&P500.

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company has market cap of $21.31 billion. It operates through two divisions, DISH and Wireless. It has a 22.2 P/E ratio. The firm provides video services under the DISH brand.

Analysts await DISH Network Corporation (NASDAQ:DISH) to report earnings on February, 28. They expect $0.55 EPS, down 21.43% or $0.15 from last year’s $0.7 per share. DISH’s profit will be $256.51M for 20.77 P/E if the $0.55 EPS becomes a reality. After $0.57 actual EPS reported by DISH Network Corporation for the previous quarter, Wall Street now forecasts -3.51% negative EPS growth.

Altalis Capital Management Llc holds 8.15% of its portfolio in DISH Network Corporation for 229,059 shares. Tricadia Capital Management Llc owns 295,000 shares or 6.92% of their US portfolio. Moreover, Tourbillon Capital Partners L.P. has 4.94% invested in the company for 3.76 million shares. The New York-based Eagle Capital Management Llc has invested 2.97% in the stock. Old West Investment Management Llc, a California-based fund reported 101,719 shares.

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $67,480 activity.

It closed at $45.69 lastly. It is down 43.12% since February 18, 2017 and is uptrending. It has outperformed by 26.42% the S&P500.

Ratings analysis reveals 50% of DISH Network’s analysts are positive. Out of 4 Wall Street analysts rating DISH Network, 2 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $48.0 while the high is $86.0. The stock’s average target of $65.33 is 42.99% above today’s ($45.69) share price. DISH was included in 4 notes of analysts from November 10, 2016. Morgan Stanley upgraded the shares of DISH in report on Monday, January 23 to “Overweight” rating. The stock has “Buy” rating by Pivotal Research on Thursday, November 10. The stock of DISH Network Corporation (NASDAQ:DISH) has “Equal Weight” rating given on Thursday, February 23 by Barclays Capital. FBR Capital maintained DISH Network Corporation (NASDAQ:DISH) rating on Friday, November 11. FBR Capital has “Underperform” rating and $48.0 target.

Since August 16, 2017, it had 0 buys, and 7 insider sales for $31.71 million activity. On Friday, September 22 Contreras Jaime sold $2.74M worth of Abbott Laboratories (NYSE:ABT) or 52,700 shares. Fussell Stephen R had sold 196,550 shares worth $9.73M. Blaser Brian J also sold $1.73M worth of Abbott Laboratories (NYSE:ABT) on Wednesday, January 31. Shares for $1.56 million were sold by Salvadori Daniel Gesua Sive on Thursday, December 14. Another trade for 42,665 shares valued at $2.69 million was sold by Ford Robert B.

Symphony Asset Management Llc increased Lions Gate Entmnt Corp Cl B No stake by 13,602 shares to 41,240 valued at $1.31M in 2017Q3. It also upped Dominos Pizza Inc Com (NYSE:DPZ) stake by 12,789 shares and now owns 13,987 shares. First Data Corp was raised too.

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