DISH Network Corp (DISH) Insider Purchases $709,500.00 in Stock

DISH Network Corp (NASDAQ:DISH) insider James Defranco purchased 25,000 shares of the company’s stock in a transaction on Monday, January 7th. The shares were purchased at an average cost of $28.38 per share, for a total transaction of $709,500.00. Following the completion of the transaction, the insider now directly owns 1,423,529 shares of the company’s stock, valued at approximately $40,399,753.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

James Defranco also recently made the following trade(s):

  • On Monday, December 31st, James Defranco purchased 25,000 shares of DISH Network stock. The shares were purchased at an average cost of $25.35 per share, for a total transaction of $633,750.00.
  • On Monday, December 24th, James Defranco purchased 25,000 shares of DISH Network stock. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $625,000.00.
  • On Tuesday, December 18th, James Defranco purchased 20,000 shares of DISH Network stock. The shares were purchased at an average cost of $30.15 per share, for a total transaction of $603,000.00.
  • On Monday, December 10th, James Defranco purchased 10,000 shares of DISH Network stock. The shares were purchased at an average cost of $31.47 per share, for a total transaction of $314,700.00.
  • On Thursday, December 6th, James Defranco purchased 5,000 shares of DISH Network stock. The shares were purchased at an average cost of $30.99 per share, for a total transaction of $154,950.00.
  • On Monday, December 3rd, James Defranco purchased 5,000 shares of DISH Network stock. The shares were purchased at an average cost of $32.99 per share, for a total transaction of $164,950.00.
  • On Tuesday, November 20th, James Defranco purchased 15,000 shares of DISH Network stock. The shares were purchased at an average cost of $32.28 per share, for a total transaction of $484,200.00.
  • On Monday, November 12th, James Defranco purchased 10,000 shares of DISH Network stock. The shares were purchased at an average cost of $31.77 per share, for a total transaction of $317,700.00.
  • On Monday, November 5th, James Defranco purchased 15,000 shares of DISH Network stock. The shares were purchased at an average cost of $31.06 per share, for a total transaction of $465,900.00.
  • On Friday, October 26th, James Defranco purchased 5,000 shares of DISH Network stock. The shares were purchased at an average cost of $28.99 per share, for a total transaction of $144,950.00.

DISH stock opened at $28.15 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.56 and a current ratio of 0.62. DISH Network Corp has a 52 week low of $23.22 and a 52 week high of $49.78. The stock has a market capitalization of $13.22 billion, a P/E ratio of 11.08 and a beta of 1.39.



DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.15. DISH Network had a net margin of 19.01% and a return on equity of 20.26%. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the company posted $0.57 earnings per share. DISH Network’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that DISH Network Corp will post 2.92 EPS for the current year.

Several research firms have commented on DISH. Zacks Investment Research downgraded shares of DISH Network from a “buy” rating to a “hold” rating in a report on Friday, September 14th. Macquarie downgraded shares of DISH Network from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $36.00 to $31.00 in a report on Tuesday, October 23rd. Guggenheim upgraded shares of DISH Network from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $50.00 in a report on Wednesday, October 24th. BidaskClub upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Pivotal Research decreased their price objective on shares of DISH Network from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $39.07.

Several hedge funds have recently added to or reduced their stakes in the stock. CenturyLink Investment Management Co grew its stake in shares of DISH Network by 3.5% in the fourth quarter. CenturyLink Investment Management Co now owns 37,565 shares of the company’s stock valued at $938,000 after acquiring an additional 1,267 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of DISH Network by 15.0% in the third quarter. IFM Investors Pty Ltd now owns 11,685 shares of the company’s stock valued at $418,000 after acquiring an additional 1,520 shares in the last quarter. State of Alaska Department of Revenue grew its stake in DISH Network by 4.0% during the fourth quarter. State of Alaska Department of Revenue now owns 46,146 shares of the company’s stock worth $1,151,000 after buying an additional 1,767 shares in the last quarter. Verition Fund Management LLC grew its stake in DISH Network by 3.8% during the second quarter. Verition Fund Management LLC now owns 50,689 shares of the company’s stock worth $1,704,000 after buying an additional 1,876 shares in the last quarter. Finally, Creative Planning grew its stake in DISH Network by 1.6% during the third quarter. Creative Planning now owns 128,814 shares of the company’s stock worth $4,606,000 after buying an additional 2,083 shares in the last quarter. Institutional investors and hedge funds own 48.61% of the company’s stock.

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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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