DISH Network Sees Unusually Large Options Volume (NASDAQ:DISH)

DISH Network Co. (NASDAQ:DISHGet Rating) was the target of some unusual options trading activity on Tuesday. Traders bought 14,902 call options on the stock. This is an increase of 18% compared to the average volume of 12,649 call options.

Analyst Ratings Changes

A number of research analysts recently weighed in on DISH shares. Morgan Stanley decreased their target price on DISH Network from $29.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, August 4th. StockNews.com started coverage on shares of DISH Network in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Raymond James cut their price objective on shares of DISH Network from $36.00 to $28.00 and set a “strong-buy” rating for the company in a report on Thursday, November 3rd. Barclays reduced their price target on DISH Network from $19.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, November 3rd. Finally, Pivotal Research dropped their price objective on DISH Network from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.64.

Insider Activity at DISH Network

In other news, Director James Defranco bought 163,637 shares of the stock in a transaction on Thursday, August 18th. The stock was purchased at an average price of $18.11 per share, for a total transaction of $2,963,466.07. Following the acquisition, the director now owns 713,937 shares in the company, valued at $12,929,399.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have purchased 417,965 shares of company stock valued at $7,375,691. 53.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DISH Network

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in DISH Network by 263.6% in the first quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $86,000 after buying an additional 1,972 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of DISH Network during the 1st quarter valued at $3,309,000. Ieq Capital LLC purchased a new position in DISH Network in the first quarter valued at about $255,000. Advisor Partners LLC grew its stake in shares of DISH Network by 9.0% during the 1st quarter. Advisor Partners LLC now owns 14,538 shares of the company’s stock worth $460,000 after acquiring an additional 1,203 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in DISH Network by 0.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 705,974 shares of the company’s stock worth $22,344,000 after buying an additional 2,387 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

DISH Network Stock Performance

Shares of DISH stock opened at $15.34 on Wednesday. The business’s 50-day moving average price is $15.39 and its 200-day moving average price is $18.42. DISH Network has a 12 month low of $12.55 and a 12 month high of $37.77. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 5.08 and a beta of 1.81.

DISH Network Company Profile

(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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