DISH Network Corp (NASDAQ:DISH) EVP Vivek Khemka sold 326 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $37.94, for a total transaction of $12,368.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Vivek Khemka also recently made the following trade(s):
- On Tuesday, March 20th, Vivek Khemka sold 6,000 shares of DISH Network stock. The stock was sold at an average price of $39.03, for a total transaction of $234,180.00.
NASDAQ DISH opened at $38.51 on Friday. DISH Network Corp has a 52 week low of $36.00 and a 52 week high of $66.50. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $17,963.95, a price-to-earnings ratio of 14.87, a PEG ratio of -7.79 and a beta of 1.13.
DISH Network (NASDAQ:DISH) last posted its earnings results on Wednesday, February 21st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. DISH Network had a net margin of 14.59% and a return on equity of 22.56%. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. DISH Network’s quarterly revenue was down 7.2% on a year-over-year basis. equities analysts expect that DISH Network Corp will post 2.47 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. bought a new position in DISH Network in the 4th quarter worth about $105,000. MUFG Americas Holdings Corp grew its position in DISH Network by 86.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock worth $133,000 after purchasing an additional 1,300 shares during the last quarter. Tower Research Capital LLC TRC grew its position in DISH Network by 249.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,355 shares of the company’s stock worth $160,000 after purchasing an additional 2,394 shares during the last quarter. Arlington Partners LLC bought a new position in DISH Network in the 4th quarter worth about $191,000. Finally, Americafirst Capital Management LLC bought a new position in DISH Network in the 3rd quarter worth about $237,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.
DISH has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. ValuEngine downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Cowen set a $54.00 target price on shares of DISH Network and gave the stock a “buy” rating in a research report on Monday, March 26th. Citigroup raised shares of DISH Network from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Moffett Nathanson raised shares of DISH Network from a “sell” rating to a “neutral” rating and set a $37.00 price objective for the company in a research report on Friday, March 23rd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.82.
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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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