Top 5 Stock Picks of Andrew Immerman’s Palestra Capital

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1. DISH Network Corporation (NASDAQ:DISH)

Palestra Capital’s Stake Value: $437.51 million

Palestra Capital’s 13F Portfolio: 9.28%

Number of Hedge Fund Holders: 51

DISH Network Corporation (NASDAQ:DISH) provides pay-TV services in the United States and operates through its segments: Pay-TV and Wireless. According to regulatory data filed for the third quarter, Palestra Capital owns 10.06 million shares in DISH Network Corporation (NASDAQ:DISH), amounting to a value of $437.51 million which represents 9.28% of the fund’s overall portfolio.

On November 10, Deutsche Bank analyst Bryan Kraft maintained a ‘Buy’ rating on DISH Network Corporation (NASDAQ:DISH) shares while lowering the price target to $71 from $77, citing the company’s $4 billion spectrum purchase as the reason for the change in price target. DISH Network Corporation’s (NASDAQ:DISH) revenue for the third quarter stood at $4.45 billion, missing estimates by $1.79 million. EPS came in at $0.88, falling below consensus estimates by $0.02.

You can also take a look at 10 Best Tech Stocks To Invest in Now and Billionaire Daniel Sundheim’s Top 10 Picks.

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