As Genworth Finl (GNW) Shares Declined, Taconic Capital Advisors LP Raised Position; Putnam Investments Lowered Its Dish Network (DISH) Position by $18.30 Million; Share Price Declined

May 21, 2018 - By Darrin Black

Genworth Financial, Inc. (NYSE:GNW) Logo

Putnam Investments Llc decreased its stake in Dish Network Corp (DISH) by 2.13% based on its latest 2017Q4 regulatory filing with the SEC. Putnam Investments Llc sold 389,329 shares as the company’s stock declined 23.24% with the market. The institutional investor held 17.88M shares of the television services company at the end of 2017Q4, valued at $853.65M, down from 18.27M at the end of the previous reported quarter. Putnam Investments Llc who had been investing in Dish Network Corp for a number of months, seems to be less bullish one the $14.97 billion market cap company. The stock decreased 0.97% or $0.31 during the last trading session, reaching $32.03. About 726,414 shares traded. DISH Network Corporation (NASDAQ:DISH) has declined 40.08% since May 21, 2017 and is downtrending. It has underperformed by 51.63% the S&P500.

Frank Brosens increased its stake in Genworth Finl Inc (GNW) by 90% based on its latest 2017Q4 regulatory filing with the SEC. Taconic Capital Advisors Lp bought 900,000 shares as the company’s stock declined 12.19% with the market. The hedge fund run by Frank Brosens held 1.90 million shares of the life insurance company at the end of 2017Q4, valued at $5.91M, up from 1.00 million at the end of the previous reported quarter. Taconic Capital Advisors Lp who had been investing in Genworth Finl Inc for a number of months, seems to be bullish on the $1.80 billion market cap company. The stock increased 7.34% or $0.245 during the last trading session, reaching $3.585. About 3.29 million shares traded. Genworth Financial, Inc. (NYSE:GNW) has declined 29.75% since May 21, 2017 and is downtrending. It has underperformed by 41.30% the S&P500.

Putnam Investments Llc, which manages about $89.35B and $44.84 billion US Long portfolio, upped its stake in Brunswick Corp (NYSE:BC) by 47,370 shares to 539,359 shares, valued at $29.78 million in 2017Q4, according to the filing. It also increased its holding in Cognizant Tech Solutions (NASDAQ:CTSH) by 113,918 shares in the quarter, for a total of 124,625 shares, and has risen its stake in Kinder Morgan Inc (NYSE:KMI).

Since January 5, 2018, it had 0 insider buys, and 5 insider sales for $284,520 activity. ORBAN PAUL W sold $4,708 worth of stock or 125 shares. On Tuesday, March 20 the insider Khemka Vivek sold $234,180.

Analysts await DISH Network Corporation (NASDAQ:DISH) to report earnings on August, 1. They expect $0.72 EPS, up 4.35% or $0.03 from last year’s $0.69 per share. DISH’s profit will be $336.58 million for 11.12 P/E if the $0.72 EPS becomes a reality. After $0.70 actual EPS reported by DISH Network Corporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Among 22 analysts covering Dish Network Corp. (NASDAQ:DISH), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Dish Network Corp. had 58 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup to “Neutral” on Friday, September 15. The rating was maintained by JP Morgan with “Overweight” on Monday, October 5. The stock of DISH Network Corporation (NASDAQ:DISH) earned “Sell” rating by Wunderlich on Friday, July 22. The rating was maintained by Pivotal Research on Thursday, August 3 with “Hold”. The firm has “Buy” rating given on Monday, November 6 by Pivotal Research. The firm has “Buy” rating by Deutsche Bank given on Thursday, October 8. The rating was maintained by Wunderlich with “Sell” on Monday, September 21. The firm earned “Hold” rating on Thursday, February 22 by Guggenheim. The stock of DISH Network Corporation (NASDAQ:DISH) earned “Sell” rating by Moffett Nathanson on Tuesday, September 26. The stock has “Overweight” rating by Barclays Capital on Friday, November 10.

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.13, from 1.1 in 2017Q3. It increased, 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. Ameriprise Fincl Incorporated stated it has 2.45 million shares. Regions Finance Corporation holds 24,234 shares. Ing Groep Nv reported 10,204 shares stake. D E Shaw And accumulated 892,879 shares. Horizon Kinetics Limited Liability Corp holds 1.39% of its portfolio in DISH Network Corporation (NASDAQ:DISH) for 989,759 shares. Millennium Limited Company holds 0.14% of its portfolio in DISH Network Corporation (NASDAQ:DISH) for 2.05M shares. Sumitomo Mitsui Asset Commerce Limited invested in 0.01% or 15,823 shares. Bartlett Com Ltd Llc invested in 0% or 2,495 shares. Toronto Dominion Bankshares reported 0.01% in DISH Network Corporation (NASDAQ:DISH). Connecticut-based Bronson Point Mngmt Limited Liability Company has invested 0.63% in DISH Network Corporation (NASDAQ:DISH). Ims Capital Mngmt holds 0.42% or 14,266 shares in its portfolio. Strs Ohio reported 124,407 shares. First Manhattan Company accumulated 1,450 shares or 0% of the stock. Dodge & Cox holds 0.61% of its portfolio in DISH Network Corporation (NASDAQ:DISH) for 16.46 million shares. Cap Impact Advsrs Limited Liability Corp has 29,711 shares.

More important recent DISH Network Corporation (NASDAQ:DISH) news were published by: 247Wallst.com which released: “Earnings You Might Have Missed: Hertz, Zillow, Discovery, Dish Network” on May 08, 2018, also Streetinsider.com published article titled: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)”, 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: Seekingalpha.com and their article: “DISH Network (DISH) Q1 2018 Results – Earnings Call Transcript” with publication date: May 08, 2018.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.33, from 1.28 in 2017Q3. It dived, as 33 investors sold GNW shares while 75 reduced holdings. 30 funds opened positions while 73 raised stakes. 306.90 million shares or 2.61% less from 315.12 million shares in 2017Q3 were reported. The Michigan-based Sigma Planning has invested 0.01% in Genworth Financial, Inc. (NYSE:GNW). Boston invested 0% in Genworth Financial, Inc. (NYSE:GNW). Meridian Investment Counsel owns 27,500 shares or 0.05% of their US portfolio. Landscape Capital Management Limited Liability, a New Jersey-based fund reported 312,703 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System has 72,906 shares for 0% of their portfolio. Deutsche Financial Bank Ag reported 2.49 million shares or 0% of all its holdings. Gotham Asset Limited Liability Co, a New York-based fund reported 77,892 shares. Moreover, Parallax Volatility Advisers Ltd Partnership has 0% invested in Genworth Financial, Inc. (NYSE:GNW). Thompson Siegel And Walmsley Ltd Liability Com stated it has 0% of its portfolio in Genworth Financial, Inc. (NYSE:GNW). California State Teachers Retirement owns 0.01% invested in Genworth Financial, Inc. (NYSE:GNW) for 847,548 shares. Teacher Retirement Of Texas has 0% invested in Genworth Financial, Inc. (NYSE:GNW) for 164,362 shares. Manufacturers Life Ins The has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Willingdon Wealth Mgmt holds 108 shares. Webster Bancorporation N A accumulated 35,500 shares. Great West Life Assurance Can holds 427,596 shares.

Another recent and important Genworth Financial, Inc. (NYSE:GNW) news was published by Seekingalpha.com which published an article titled: “NMIH falls after introducing new risk-based pricing platform” on May 21, 2018.

DISH Network Corporation (NASDAQ:DISH) Institutional Positions Chart

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