DISH has been the topic of a number of other reports. UBS Group boosted their target price on DISH Network from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. ValuEngine raised DISH Network from a “strong sell” rating to a “sell” rating in a research report on Monday, October 21st. Cfra raised DISH Network from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Sanford C. Bernstein started coverage on DISH Network in a research report on Tuesday, October 15th. They set an “underperform” rating and a $29.00 price target on the stock. Finally, Moffett Nathanson lowered DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research report on Thursday, July 25th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.08.
Shares of DISH Network stock traded down $0.98 on Friday, reaching $35.81. 113,045 shares of the company were exchanged, compared to its average volume of 1,842,629. The stock has a fifty day moving average price of $34.46 and a 200-day moving average price of $35.59. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 11.95 and a beta of 1.41. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.28. DISH Network has a fifty-two week low of $23.22 and a fifty-two week high of $44.65.
In other DISH Network news, insider James Defranco purchased 300,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $31.18 per share, with a total value of $9,354,000.00. Following the completion of the transaction, the insider now owns 1,528,529 shares of the company’s stock, valued at $47,659,534.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 52.80% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of DISH Network by 78.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,676,400 shares of the company’s stock worth $64,391,000 after acquiring an additional 734,500 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of DISH Network by 88.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 952,723 shares of the company’s stock valued at $36,594,000 after purchasing an additional 446,873 shares during the period. AustralianSuper Pty Ltd raised its stake in shares of DISH Network by 40.5% in the 2nd quarter. AustralianSuper Pty Ltd now owns 957,800 shares of the company’s stock valued at $36,789,000 after purchasing an additional 276,107 shares during the period. Vanguard Group Inc. raised its stake in shares of DISH Network by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 23,719,762 shares of the company’s stock valued at $911,075,000 after purchasing an additional 254,456 shares during the period. Finally, SeaTown Holdings Pte. Ltd. acquired a new stake in shares of DISH Network in the 2nd quarter valued at about $7,119,000. 48.40% of the stock is currently owned by hedge funds and other institutional investors.
DISH Network Company Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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