BidaskClub upgraded shares of DISH Network (NASDAQ:DISH) from a sell rating to a hold rating in a research report released on Friday.
DISH has been the subject of several other reports. Morgan Stanley increased their price objective on shares of DISH Network from $36.00 to $39.00 and gave the stock an equal weight rating in a research report on Friday, September 7th. Guggenheim upgraded shares of DISH Network from a neutral rating to a buy rating and raised their price target for the stock from $32.00 to $50.00 in a report on Wednesday, October 24th. Zacks Investment Research upgraded shares of DISH Network from a hold rating to a strong-buy rating and set a $42.00 price target for the company in a report on Monday, September 17th. Credit Suisse Group assumed coverage on shares of DISH Network in a report on Tuesday, July 10th. They issued an underperform rating and a $30.00 price target for the company. Finally, Macquarie cut shares of DISH Network from a neutral rating to an underperform rating and reduced their price target for the stock from $36.00 to $31.00 in a report on Tuesday, October 23rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $42.79.
Shares of DISH traded down $0.21 during trading hours on Friday, hitting $30.72. 123,654 shares of the stock were exchanged, compared to its average volume of 3,586,165. DISH Network has a fifty-two week low of $27.54 and a fifty-two week high of $52.53. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.94. The stock has a market cap of $14.46 billion, a PE ratio of 12.09 and a beta of 1.25.
In related news, insider James Defranco purchased 5,000 shares of DISH Network stock in a transaction on Tuesday, September 25th. The stock was acquired at an average cost of $34.99 per share, for a total transaction of $174,950.00. Following the completion of the acquisition, the insider now owns 1,203,529 shares of the company’s stock, valued at approximately $42,111,479.71. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired 90,000 shares of company stock valued at $2,904,550 over the last 90 days. Corporate insiders own 49.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC lifted its stake in shares of DISH Network by 3.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 3,407,967 shares of the company’s stock valued at $114,542,000 after buying an additional 112,586 shares in the last quarter. Northern Trust Corp lifted its stake in shares of DISH Network by 1.7% in the second quarter. Northern Trust Corp now owns 2,573,324 shares of the company’s stock valued at $86,489,000 after buying an additional 42,083 shares in the last quarter. Key Square Capital Management LLC bought a new position in shares of DISH Network in the second quarter valued at $71,822,000. State of New Jersey Common Pension Fund D lifted its stake in shares of DISH Network by 1.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,250,000 shares of the company’s stock valued at $42,013,000 after buying an additional 20,000 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in shares of DISH Network in the second quarter valued at $32,423,000. 48.25% of the stock is currently owned by hedge funds and other 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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