DISH Network Corporation Sees Unusually Large Options Volume (DISH)
DISH Network Corporation (NASDAQ:DISH) was the target of some unusual options trading on Tuesday. Stock investors acquired 6,976 call options on the company. This represents an increase of 505% compared to the average daily volume of 1,153 call options.
In related news, EVP Jeffrey L. Mcschooler sold 785 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the transaction, the executive vice president now owns 165 shares in the company, valued at approximately $9,340.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Insiders sold a total of 25,884 shares of company stock valued at $1,543,036 over the last quarter. Company insiders own 49.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sun Life Financial INC boosted its position in DISH Network Corporation by 20,725.0% in the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after buying an additional 1,658 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its position in DISH Network Corporation by 4.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after buying an additional 100 shares during the last quarter. Invictus RG bought a new position in DISH Network Corporation in the 1st quarter valued at $160,000. Huntington National Bank boosted its position in DISH Network Corporation by 12.1% in the 2nd quarter. Huntington National Bank now owns 2,600 shares of the company’s stock valued at $163,000 after buying an additional 281 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in DISH Network Corporation by 123.9% in the 2nd quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock valued at $189,000 after buying an additional 1,665 shares during the last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.
Shares of DISH Network Corporation (NASDAQ:DISH) opened at 54.03 on Friday. The stock has a 50 day moving average price of $55.13 and a 200 day moving average price of $60.99. The firm has a market cap of $25.18 billion, a price-to-earnings ratio of 25.13 and a beta of 0.99. DISH Network Corporation has a one year low of $52.14 and a one year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.67). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.71 billion. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, equities research analysts forecast that DISH Network Corporation will post $2.21 EPS for the current year.
A number of research analysts recently issued reports on DISH shares. BidaskClub lowered DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Telsey Advisory Group reduced their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. Guggenheim restated a “neutral” rating and set a $62.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a research report on Thursday, August 24th. Citigroup Inc. upgraded DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective for the company in a research report on Friday, September 15th. Finally, Macquarie restated a “hold” rating and set a $68.00 price objective on shares of DISH Network Corporation in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. DISH Network Corporation currently has a consensus rating of “Hold” and an average price target of $68.18.
DISH Network Corporation Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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