DISH Network Sees Unusually High Options Volume (NASDAQ:DISH)

DISH Network Co. (NASDAQ:DISH) saw some unusual options trading activity on Thursday. Traders acquired 17,157 put options on the company. This represents an increase of 728% compared to the typical daily volume of 2,071 put options.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. YHB Investment Advisors Inc. raised its holdings in shares of DISH Network by 18.1% during the first quarter. YHB Investment Advisors Inc. now owns 73,499 shares of the company’s stock valued at $2,794,000 after acquiring an additional 11,246 shares in the last quarter. Sentry Investment Management LLC bought a new stake in DISH Network during the 1st quarter valued at approximately $91,000. Oregon Public Employees Retirement Fund grew its holdings in shares of DISH Network by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 126,379 shares of the company’s stock worth $4,575,000 after acquiring an additional 1,067 shares during the period. DnB Asset Management AS lifted its stake in shares of DISH Network by 283.4% in the 1st quarter. DnB Asset Management AS now owns 106,561 shares of the company’s stock valued at $3,858,000 after purchasing an additional 78,770 shares during the period. Finally, Clear Street Markets LLC grew its stake in DISH Network by 4.3% in the first quarter. Clear Street Markets LLC now owns 24,500 shares of the company’s stock worth $887,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 42.52% of the company’s stock.

Shares of DISH opened at $41.96 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.69 and a current ratio of 0.77. The firm has a 50 day moving average price of $36.76 and a 200-day moving average price of $32.67. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 3.38 and a beta of 2.00. DISH Network has a fifty-two week low of $22.34 and a fifty-two week high of $42.56.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Sunday, February 21st. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.49. DISH Network had a net margin of 10.01% and a return on equity of 11.81%. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same period in the prior year, the business posted $0.69 EPS. The firm’s revenue was up 40.7% compared to the same quarter last year. As a group, equities research analysts predict that DISH Network will post 2.51 earnings per share for the current year.

DISH has been the subject of several research reports. Morgan Stanley increased their price objective on shares of DISH Network from $32.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday. Cowen reissued a “buy” rating on shares of DISH Network in a report on Friday, January 22nd. Raymond James lowered their target price on DISH Network from $55.00 to $54.00 and set a “strong-buy” rating for the company in a report on Monday, March 1st. Zacks Investment Research raised DISH Network from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a research note on Tuesday, February 23rd. Finally, Pivotal Research reiterated a “hold” rating and issued a $34.00 price objective (down previously from $42.00) on shares of DISH Network in a report on Monday, March 1st. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $39.70.

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.

Featured Story: How Buying a Call Option Works

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.