DISH Network Corp (NASDAQ:DISH) Director Tom A. Ortolf acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $34.87 per share, for a total transaction of $348,700.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $348,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ DISH opened at $34.22 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.60. DISH Network Corp has a 1-year low of $23.22 and a 1-year high of $37.47. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 11.64 and a beta of 1.61.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.65 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. DISH Network had a return on equity of 18.42% and a net margin of 11.59%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the business earned $0.70 EPS. DISH Network’s revenue was down 7.8% on a year-over-year basis. On average, research analysts expect that DISH Network Corp will post 2.47 earnings per share for the current fiscal year.
DISH has been the topic of several research analyst reports. BidaskClub upgraded DISH Network from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. ValuEngine upgraded DISH Network from a “strong sell” rating to a “sell” rating in a report on Friday, April 26th. Zacks Investment Research downgraded DISH Network from a “hold” rating to a “sell” rating in a report on Monday, February 11th. Pivotal Research reiterated a “buy” rating and issued a $37.00 price objective on shares of DISH Network in a report on Wednesday, February 13th. Finally, Barclays downgraded DISH Network from an “overweight” rating to an “equal weight” rating and set a $31.00 price target on the stock. in a report on Thursday, February 14th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. DISH Network presently has a consensus rating of “Hold” and an average price target of $37.71.
Large investors have recently added to or reduced their stakes in the company. Worldquant Millennium Quantitative Strategies LLC boosted its position in shares of DISH Network by 98.7% during the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 1,091,220 shares of the company’s stock worth $27,248,000 after acquiring an additional 542,000 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of DISH Network during the 4th quarter worth about $160,000. Oppenheimer & Co. Inc. boosted its position in shares of DISH Network by 8.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 12,566 shares of the company’s stock worth $314,000 after acquiring an additional 1,000 shares in the last quarter. Loews Corp boosted its position in shares of DISH Network by 23.8% during the 4th quarter. Loews Corp now owns 10,000 shares of the company’s stock worth $250,000 after acquiring an additional 1,921 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of DISH Network by 14.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 57,699 shares of the company’s stock worth $1,441,000 after acquiring an additional 7,089 shares in the last quarter. 48.95% of the stock is owned by institutional investors and hedge funds.
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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