Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded DISH Network from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, January 10th. Citigroup decreased their price objective on DISH Network from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, December 19th. Pivotal Research restated a “buy” rating and set a $37.00 price objective on shares of DISH Network in a research report on Wednesday, February 13th. Barclays downgraded DISH Network from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective on the stock. in a research report on Thursday, February 14th. Finally, Morgan Stanley decreased their price objective on DISH Network from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 6th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.71.
NASDAQ:DISH traded down $0.07 during mid-day trading on Friday, hitting $34.23. 1,405,753 shares of the company traded hands, compared to its average volume of 2,894,635. DISH Network has a one year low of $23.22 and a one year high of $39.50. The firm has a market capitalization of $15.96 billion, a PE ratio of 11.41 and a beta of 1.58. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.69.
In related news, EVP James Defranco purchased 15,000 shares of the business’s stock in a transaction on Monday, January 28th. The shares were bought at an average cost of $29.60 per share, with a total value of $444,000.00. Following the transaction, the executive vice president now owns 1,488,529 shares of the company’s stock, valued at $44,060,458.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 75,000 shares of company stock worth $2,240,500 over the last ninety days. 52.80% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DISH. Worldquant Millennium Quantitative Strategies LLC grew 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 valued at $27,248,000 after acquiring an additional 542,000 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of DISH Network during the 4th quarter valued at about $160,000. Oppenheimer & Co. Inc. grew 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 valued at $314,000 after acquiring an additional 1,000 shares during the period. Loews Corp grew 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 valued at $250,000 after acquiring an additional 1,921 shares during the period. Finally, CENTRAL TRUST Co acquired a new stake in shares of DISH Network during the 4th quarter valued at about $53,000. 48.21% of the stock is currently owned by 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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