5 Best Penny Stocks To Buy For 2024

2. Dish Network Corporation (NASDAQ:DISH)

Number of Hedge Fund Investors: 33

Dish Network Corporation (NASDAQ:DISH) posted an extremely bad third quarter in November after which the stock plummeted. Net pay-TV subscribers decreased by about 64,000 in the third quarter, compared to a net increase of about 30,000 in the year-ago quarter.

A total of 33 hedge funds tracked by Insider Monkey had stakes in Dish Network Corporation (NASDAQ:DISH). The biggest stakeholder of Dish Network Corporation (NASDAQ:DISH) was Paul Marshall and Ian Wace’s Marshall Wace LLP which owns a $54 million stake in Dish Network Corporation (NASDAQ:DISH).

ClearBridge Large Cap Value Strategy made the following comment about DISH Network Corporation (NASDAQ:DISH) in its first quarter 2023 investor letter:

“DISH Network Corporation (NASDAQ:DISH) was lower for more idiosyncratic reasons. The pay-TV provider, with unique potential to become a viable fourth wireless carrier, continues to face challenges executing its wireless buildout in a higher rate environment where a leveraged balance sheet is a liability. We believe there is still value to be captured for Dish, but it is clearly taking longer to realize, and we are monitoring the stock closely.”