DISH Network Corp (DISH) Insider James Defranco Acquires 15,000 Shares

DISH Network Corp (NASDAQ:DISH) insider James Defranco acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was purchased at an average price of $29.19 per share, for a total transaction of $437,850.00. Following the acquisition, the insider now directly owns 1,513,529 shares in the company, valued at approximately $44,179,911.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, February 11th, James Defranco acquired 5,000 shares of DISH Network stock. The stock was purchased at an average price of $31.67 per share, for a total transaction of $158,350.00.
  • On Monday, February 4th, James Defranco acquired 10,000 shares of DISH Network stock. The stock was purchased at an average price of $30.48 per share, for a total transaction of $304,800.00.
  • On Monday, January 28th, James Defranco acquired 15,000 shares of DISH Network stock. The stock was purchased at an average price of $29.60 per share, for a total transaction of $444,000.00.
  • On Wednesday, January 23rd, James Defranco purchased 20,000 shares of DISH Network stock. The shares were bought at an average price of $29.44 per share, for a total transaction of $588,800.00.
  • On Monday, January 14th, James Defranco purchased 25,000 shares of DISH Network stock. The shares were bought at an average price of $28.01 per share, for a total transaction of $700,250.00.
  • On Monday, January 7th, James Defranco purchased 25,000 shares of DISH Network stock. The shares were bought at an average price of $28.38 per share, for a total transaction of $709,500.00.
  • On Monday, December 31st, James Defranco purchased 25,000 shares of DISH Network stock. The shares were bought at an average price of $25.35 per share, for a total transaction of $633,750.00.
  • On Monday, December 24th, James Defranco purchased 25,000 shares of DISH Network stock. The shares were bought at an average price of $25.00 per share, for a total transaction of $625,000.00.
  • On Tuesday, December 18th, James Defranco purchased 20,000 shares of DISH Network stock. The shares were bought at an average price of $30.15 per share, for a total transaction of $603,000.00.
  • On Monday, December 10th, James Defranco purchased 10,000 shares of DISH Network stock. The shares were bought at an average price of $31.47 per share, for a total transaction of $314,700.00.

Shares of DISH traded up $1.20 during mid-day trading on Friday, reaching $30.90. The company’s stock had a trading volume of 3,204,405 shares, compared to its average volume of 3,732,191. DISH Network Corp has a 12-month low of $23.22 and a 12-month high of $46.30. The company has a market cap of $14.45 billion, a P/E ratio of 10.30 and a beta of 1.57. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.56 and a current ratio of 0.62.

DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Wednesday, February 13th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). DISH Network had a net margin of 11.56% and a return on equity of 20.22%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The company’s revenue was down 4.9% compared to the same quarter last year. As a group, analysts predict that DISH Network Corp will post 2.47 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on DISH shares. HSBC downgraded DISH Network from a “hold” rating to a “reduce” rating in a report on Friday, January 25th. Pivotal Research cut their price target on DISH Network from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Guggenheim upgraded DISH Network from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $50.00 in a report on Wednesday, October 24th. BidaskClub upgraded DISH Network from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Morgan Stanley cut their price target on DISH Network from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, December 6th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. DISH Network currently has an average rating of “Hold” and a consensus price target of $38.21.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of DISH Network by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 18,882,286 shares of the company’s stock valued at $675,230,000 after acquiring an additional 268,390 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of DISH Network by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 18,882,286 shares of the company’s stock valued at $675,230,000 after acquiring an additional 268,390 shares during the last quarter. Dodge & Cox increased its holdings in shares of DISH Network by 13.9% in the 3rd quarter. Dodge & Cox now owns 18,756,046 shares of the company’s stock valued at $670,716,000 after acquiring an additional 2,291,800 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of DISH Network by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 3,272,394 shares of the company’s stock valued at $81,583,000 after purchasing an additional 262,700 shares during the period. Finally, Key Square Capital Management LLC boosted its position in shares of DISH Network by 28.5% in the 4th quarter. Key Square Capital Management LLC now owns 2,983,796 shares of the company’s stock valued at $74,505,000 after purchasing an additional 661,363 shares during the period. Institutional investors and hedge funds own 48.84% of the company’s stock.

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About DISH Network

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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