DISH Network Corporation (NASDAQ:DISH) EVP R Stanton Dodge sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of DISH Network Corporation (NASDAQ:DISH) traded up 1.04% during mid-day trading on Monday, hitting $65.17. 408,128 shares of the company’s stock were exchanged. DISH Network Corporation has a 52 week low of $48.51 and a 52 week high of $66.48. The company has a market capitalization of $30.36 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95. The firm has a 50 day moving average price of $63.44 and a 200-day moving average price of $61.67.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.09. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. On average, equities analysts anticipate that DISH Network Corporation will post $2.72 EPS for the current year.
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A number of large investors have recently bought and sold shares of DISH. Elkfork Partners LLC acquired a new stake in DISH Network Corporation during the first quarter worth $110,000. Ladenburg Thalmann Financial Services Inc. increased its stake in DISH Network Corporation by 14.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company’s stock worth $107,000 after buying an additional 233 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock worth $121,000 after buying an additional 1,859 shares in the last quarter. Meadow Creek Investment Management LLC acquired a new stake in DISH Network Corporation during the first quarter worth $141,000. Finally, Huntington National Bank increased its stake in DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock worth $147,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.
Several research firms have issued reports on DISH. Barclays PLC reiterated an “equal weight” rating and set a $62.00 price objective (up from $59.00) on shares of DISH Network Corporation in a research note on Thursday, February 23rd. FBR & Co reiterated an “underperform” rating and set a $44.00 price objective on shares of DISH Network Corporation in a research note on Saturday, March 11th. Macquarie restated a “hold” rating and issued a $65.00 target price on shares of DISH Network Corporation in a research note on Monday, May 1st. Hilliard Lyons downgraded shares of DISH Network Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Finally, Goldman Sachs Group, Inc. (The) decreased their target price on shares of DISH Network Corporation from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $69.19.
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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