James Defranco Buys 110,000 Shares of DISH Network Co. (NASDAQ:DISH) Stock

DISH Network Co. (NASDAQ:DISHGet Rating) Director James Defranco bought 110,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was bought at an average price of $16.73 per share, for a total transaction of $1,840,300.00. Following the completion of the purchase, the director now directly owns 131,327 shares in the company, valued at approximately $2,197,100.71. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, August 22nd, James Defranco bought 144,328 shares of DISH Network stock. The stock was bought at an average price of $17.82 per share, for a total transaction of $2,571,924.96.
  • On Thursday, August 18th, James Defranco bought 163,637 shares of DISH Network stock. The stock was bought at an average price of $18.11 per share, for a total transaction of $2,963,466.07.
  • On Tuesday, August 9th, James Defranco bought 35,620 shares of DISH Network stock. The stock was bought at an average price of $18.66 per share, for a total transaction of $664,669.20.

DISH Network Stock Performance

Shares of DISH stock opened at $19.33 on Friday. The stock has a fifty day moving average price of $18.15 and a 200 day moving average price of $23.37. The stock has a market cap of $10.25 billion, a PE ratio of 5.95 and a beta of 1.81. DISH Network Co. has a 1 year low of $16.20 and a 1 year high of $46.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.56 and a current ratio of 0.64.

Hedge Funds Weigh In On DISH Network

A number of institutional investors have recently made changes to their positions in DISH. Covestor Ltd raised its holdings in shares of DISH Network by 268.9% in the first quarter. Covestor Ltd now owns 889 shares of the company’s stock worth $28,000 after acquiring an additional 648 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of DISH Network in the first quarter worth $30,000. Trust Co. of Vermont acquired a new position in shares of DISH Network in the second quarter worth $43,000. CVA Family Office LLC acquired a new position in shares of DISH Network in the second quarter worth $54,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of DISH Network in the first quarter worth $61,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DISH. Raymond James decreased their price target on DISH Network from $42.00 to $36.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 4th. Barclays decreased their price target on DISH Network from $25.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, July 7th. UBS Group decreased their price target on DISH Network from $44.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft decreased their price target on DISH Network from $61.00 to $55.00 in a research note on Thursday, August 4th. Finally, Royal Bank of Canada decreased their price target on DISH Network from $24.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.21.

About DISH Network

(Get Rating)

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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