DISH Network (NASDAQ:DISH) Hits New 52-Week High at $41.47

DISH Network Corp (NASDAQ:DISH) shares hit a new 52-week high on Thursday . The company traded as high as $41.47 and last traded at $40.82, with a volume of 1898110 shares trading hands. The stock had previously closed at $40.66.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Credit Suisse Group set a €50.00 ($58.14) target price on shares of Fresenius SE & Co KGaA and gave the company a “neutral” rating in a research note on Monday, May 6th. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $33.00 target price (down from $37.00) on shares of DISH Network in a research note on Monday, May 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.62.

The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.60. The stock’s 50-day moving average is $37.64. The firm has a market cap of $18.75 billion, a price-to-earnings ratio of 13.61 and a beta of 1.42.



DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. DISH Network had a net margin of 11.59% and a return on equity of 18.42%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the business earned $0.70 earnings per share. The business’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that DISH Network Corp will post 2.44 EPS for the current year.

In other news, Director Tom A. Ortolf bought 10,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of $34.87 per share, for a total transaction of $348,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $348,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 52.80% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of DISH. LSV Asset Management grew its holdings in shares of DISH Network by 7,407.0% in the first quarter. LSV Asset Management now owns 4,384,082 shares of the company’s stock worth $138,931,000 after purchasing an additional 4,325,682 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DISH Network by 146.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,701,900 shares of the company’s stock worth $42,499,000 after purchasing an additional 1,010,741 shares during the last quarter. Norges Bank bought a new position in shares of DISH Network in the fourth quarter worth approximately $19,316,000. Worldquant Millennium Quantitative Strategies LLC grew its holdings in shares of DISH Network by 98.7% in the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 1,091,220 shares of the company’s stock worth $27,248,000 after purchasing an additional 542,000 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of DISH Network by 71.6% in the fourth quarter. Teacher Retirement System of Texas now owns 666,838 shares of the company’s stock worth $16,651,000 after purchasing an additional 278,237 shares during the last quarter. Hedge funds and other institutional investors own 48.83% of the company’s stock.

About DISH Network (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.

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