DISH Network Corp (DISH) Insider James Defranco Purchases 5,000 Shares

DISH Network Corp (NASDAQ:DISH) insider James Defranco acquired 5,000 shares of the company’s stock in a transaction dated Monday, June 11th. The stock was acquired at an average price of $32.09 per share, with a total value of $160,450.00. Following the purchase, the insider now owns 1,148,529 shares in the company, valued at approximately $36,856,295.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

James Defranco also recently made the following trade(s):

  • On Monday, June 4th, James Defranco acquired 10,000 shares of DISH Network stock. The stock was acquired at an average price of $29.20 per share, with a total value of $292,000.00.

DISH traded up $1.22 during midday trading on Thursday, hitting $34.08. The company had a trading volume of 4,715,763 shares, compared to its average volume of 2,693,781. The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $15.01 billion, a PE ratio of 13.42, a PEG ratio of -6.22 and a beta of 1.11. DISH Network Corp has a twelve month low of $28.80 and a twelve month high of $66.50.

DISH Network (NASDAQ:DISH) last issued its earnings results on Tuesday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.49 billion. DISH Network had a net margin of 14.75% and a return on equity of 20.48%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. research analysts predict that DISH Network Corp will post 2.58 EPS for the current year.

DISH has been the subject of a number of recent research reports. Pivotal Research restated a “buy” rating and issued a $65.00 price objective (down previously from $67.00) on shares of DISH Network in a research note on Thursday, February 22nd. Zacks Investment Research upgraded shares of DISH Network from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, February 22nd. SunTrust Banks dropped their price objective on shares of DISH Network to $44.00 and set a “hold” rating for the company in a research note on Thursday, March 1st. Moffett Nathanson upgraded 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 note on Friday, March 23rd. They noted that the move was a valuation call. Finally, Cowen set a $54.00 price objective on shares of DISH Network and gave the company a “buy” rating in a research note on Monday, March 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. DISH Network has an average rating of “Hold” and a consensus price target of $56.38.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank boosted its stake in shares of DISH Network by 8.3% in the 1st quarter. Amalgamated Bank now owns 31,329 shares of the company’s stock valued at $1,187,000 after purchasing an additional 2,392 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of DISH Network in the 1st quarter valued at about $219,000. Levin Capital Strategies L.P. boosted its stake in shares of DISH Network by 3,647.5% in the 1st quarter. Levin Capital Strategies L.P. now owns 288,334 shares of the company’s stock valued at $10,925,000 after purchasing an additional 280,640 shares during the last quarter. Millennium Management LLC boosted its stake in shares of DISH Network by 17.6% in the 1st quarter. Millennium Management LLC now owns 2,599,299 shares of the company’s stock valued at $98,487,000 after purchasing an additional 389,930 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of DISH Network by 10.1% in the 1st quarter. Verition Fund Management LLC now owns 48,813 shares of the company’s stock valued at $1,850,000 after purchasing an additional 4,458 shares during the last quarter. 47.93% 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.

Insider Buying and Selling by Quarter for DISH Network (NASDAQ:DISH)

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