DISH Network Target of Unusually Large Options Trading (DISH)

DISH Network Corp (NASDAQ:DISH) saw some unusual options trading activity on Thursday. Investors purchased 20,354 put options on the stock. This is an increase of 2,031% compared to the typical volume of 955 put options.

Shares of DISH Network (NASDAQ:DISH) opened at $49.48 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network has a 12-month low of $46.07 and a 12-month high of $66.50. The firm has a market cap of $22,968.08, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.24 and a beta of 1.09.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same period last year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. analysts anticipate that DISH Network will post 1.98 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Nordea Investment Management AB boosted its position in DISH Network by 0.9% in the 2nd quarter. Nordea Investment Management AB now owns 11,121 shares of the company’s stock valued at $698,000 after buying an additional 101 shares during the last quarter. Veritable L.P. boosted its position in DISH Network by 2.3% in the 2nd quarter. Veritable L.P. now owns 6,182 shares of the company’s stock valued at $388,000 after buying an additional 137 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in DISH Network by 0.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 27,601 shares of the company’s stock valued at $1,732,000 after buying an additional 147 shares during the last quarter. Sentry Investment Management LLC boosted its position in DISH Network by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 17,877 shares of the company’s stock valued at $1,122,000 after buying an additional 187 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in DISH Network by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,175 shares of the company’s stock valued at $513,000 after buying an additional 195 shares during the last quarter. 48.54% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on DISH. Macquarie reissued a “hold” rating and set a $60.00 price objective (down from $68.00) on shares of DISH Network in a research note on Monday, October 2nd. Deutsche Bank reissued a “buy” rating and set a $99.00 price objective on shares of DISH Network in a research note on Thursday, October 5th. Moffett Nathanson reissued a “sell” rating and set a $37.00 price objective (down from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. Jefferies Group reissued a “buy” rating and set a $80.00 price objective on shares of DISH Network in a research note on Monday, September 25th. Finally, UBS Group lowered their price objective on shares of DISH Network from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $63.92.

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About DISH Network

DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.

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