DISH Network (NASDAQ:DISH) Trading 5.2% Higher

Shares of DISH Network Co. (NASDAQ:DISH) traded up 5.2% during trading on Friday . The stock traded as high as $6.33 and last traded at $6.32. 3,156,368 shares changed hands during trading, a decline of 68% from the average session volume of 9,778,753 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com assumed coverage on shares of DISH Network in a research note on Thursday, August 17th. They set a “sell” rating for the company. Pivotal Research upped their price target on shares of DISH Network from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of DISH Network from $16.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Raymond James reduced their price target on shares of DISH Network from $21.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 9th. Finally, Barclays upgraded shares of DISH Network from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $5.00 to $10.00 in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.91.

DISH Network Trading Up 4.8 %

The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 2.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.56 and a current ratio of 0.64. The company’s 50 day simple moving average is $6.98 and its two-hundred day simple moving average is $7.70.

DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.91 billion. DISH Network had a net margin of 11.06% and a return on equity of 9.90%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Research analysts expect that DISH Network Co. will post 1.16 EPS for the current fiscal year.

Insider Transactions at DISH Network

In other news, EVP Thomas A. Cullen sold 25,000 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $6.43, for a total transaction of $160,750.00. Following the transaction, the executive vice president now owns 276,050 shares in the company, valued at approximately $1,775,001.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 50,047 shares of company stock worth $320,135 in the last 90 days. 55.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DISH. Desjardins Global Asset Management Inc. acquired a new position in shares of DISH Network during the 1st quarter worth $25,000. Salem Investment Counselors Inc. acquired a new position in DISH Network in the 2nd quarter valued at $25,000. Covestor Ltd grew its stake in DISH Network by 268.9% in the 1st quarter. Covestor Ltd now owns 889 shares of the company’s stock valued at $28,000 after buying an additional 648 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in DISH Network by 3,175.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,129 shares of the company’s stock valued at $28,000 after buying an additional 2,064 shares during the last quarter. Finally, Hook Mill Capital Partners LP acquired a new position in DISH Network in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 98.16% of the company’s stock.

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.