Insider Buying: DISH Network Corp (DISH) Director Buys 10,000 Shares of Stock

DISH Network Corp (NASDAQ:DISH) Director Tom A. Ortolf bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was bought at an average price of $34.87 per share, with a total value of $348,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $348,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ DISH traded down $0.04 during trading hours on Friday, reaching $34.22. 1,307,168 shares of the stock traded hands, compared to its average volume of 2,776,098. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.60. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 11.41 and a beta of 1.61. DISH Network Corp has a 52-week low of $23.22 and a 52-week high of $37.47.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.65 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.65. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. DISH Network had a return on equity of 18.42% and a net margin of 11.59%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. On average, analysts forecast that DISH Network Corp will post 2.43 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Investors Research Corp bought a new stake in DISH Network in the first quarter worth $25,000. Wakefield Asset Management LLLP purchased a new position in shares of DISH Network in the fourth quarter worth $27,000. Acadian Asset Management LLC purchased a new position in shares of DISH Network in the fourth quarter worth $30,000. Global Retirement Partners LLC raised its stake in shares of DISH Network by 38.5% in the first quarter. Global Retirement Partners LLC now owns 1,051 shares of the company’s stock worth $33,000 after purchasing an additional 292 shares during the last quarter. Finally, Moody National Bank Trust Division purchased a new position in shares of DISH Network in the first quarter worth $36,000. 66.49% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on DISH shares. ValuEngine upgraded DISH Network from a “strong sell” rating to a “sell” rating in a research note on Friday, April 26th. Royal Bank of Canada cut their target price on DISH Network to $33.00 and set a “market perform” rating for the company in a research note on Tuesday, February 19th. BidaskClub upgraded DISH Network from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Pivotal Research restated a “buy” rating and issued a $37.00 target price on shares of DISH Network in a research note on Wednesday, February 13th. Finally, HSBC downgraded DISH Network from a “hold” rating to a “reduce” rating in a research report on Friday, January 25th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.71.

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DISH Network Company Profile

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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