DISH Network (DISH) Hits New 52-Week Low at $28.35

DISH Network Corp (NASDAQ:DISH) shares hit a new 52-week low during trading on Friday . The stock traded as low as $28.35 and last traded at $28.91, with a volume of 3322028 shares. The stock had previously closed at $30.25.

Several research analysts have commented on the company. Pivotal Research reissued a “buy” rating and set a $40.00 target price on shares of DISH Network in a research note on Monday, August 6th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $50.00 target price on shares of DISH Network in a research note on Monday, August 6th. Zacks Investment Research raised DISH Network from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, July 10th. BidaskClub raised DISH Network from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Cowen reissued a “buy” rating and set a $60.00 target price on shares of DISH Network in a research note on Monday, August 6th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $43.00.

The firm has a market cap of $14.14 billion, a P/E ratio of 11.13 and a beta of 1.21. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.76 and a quick ratio of 0.66.



DISH Network (NASDAQ:DISH) last announced its earnings results on Friday, August 3rd. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.14. DISH Network had a return on equity of 20.60% and a net margin of 17.80%. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis. Equities analysts expect that DISH Network Corp will post 2.79 EPS for the current fiscal year.

In related news, insider James Defranco bought 10,000 shares of DISH Network stock in a transaction that occurred on Monday, July 30th. The shares were acquired at an average cost of $30.35 per share, for a total transaction of $303,500.00. Following the completion of the acquisition, the insider now directly owns 1,193,529 shares of the company’s stock, valued at approximately $36,223,605.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 70,000 shares of company stock worth $2,338,100 over the last quarter. 49.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC boosted its holdings in shares of DISH Network by 3.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,407,967 shares of the company’s stock worth $114,542,000 after buying an additional 112,586 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of DISH Network by 1.7% during the 2nd quarter. Northern Trust Corp now owns 2,573,324 shares of the company’s stock worth $86,489,000 after buying an additional 42,083 shares in the last quarter. Key Square Capital Management LLC bought a new position in shares of DISH Network during the 2nd quarter worth approximately $71,822,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of DISH Network by 1.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,250,000 shares of the company’s stock worth $42,013,000 after buying an additional 20,000 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in shares of DISH Network during the 2nd quarter worth approximately $32,423,000. Institutional investors and hedge funds own 48.22% of the company’s stock.

DISH Network Company Profile (NASDAQ:DISH)

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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply