DISH Network Co. (NASDAQ:DISH) EVP Sells $144,000.00 in Stock

DISH Network Co. (NASDAQ:DISH) EVP Timothy A. Messner sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $45.00, for a total transaction of $144,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Timothy A. Messner also recently made the following trade(s):

  • On Monday, April 26th, Timothy A. Messner sold 10,000 shares of DISH Network stock. The stock was sold at an average price of $43.00, for a total transaction of $430,000.00.
  • On Monday, March 22nd, Timothy A. Messner sold 400 shares of DISH Network stock. The shares were sold at an average price of $37.61, for a total transaction of $15,044.00.

DISH stock traded down $0.36 during midday trading on Monday, hitting $44.43. The company’s stock had a trading volume of 143,296 shares, compared to its average volume of 4,637,527. DISH Network Co. has a 12 month low of $22.53 and a 12 month high of $45.86. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $23.38 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 3.38 and a beta of 2.00. The company has a 50 day moving average of $38.13 and a two-hundred day moving average of $33.27.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.16. DISH Network had a return on equity of 11.81% and a net margin of 10.01%. On average, analysts anticipate that DISH Network Co. will post 2.51 earnings per share for the current fiscal year.

DISH has been the topic of several research analyst reports. Truist increased their target price on shares of DISH Network from $32.00 to $40.00 in a research note on Monday. Cowen reiterated a “buy” rating on shares of DISH Network in a report on Friday, January 22nd. Raymond James increased their target price on shares of DISH Network from $54.00 to $56.00 and gave the company a “strong-buy” rating in a report on Friday. Pivotal Research increased their price target on shares of DISH Network from $34.00 to $50.00 and gave the company a “hold” rating in a research report on Monday. Finally, Morgan Stanley increased their target price on shares of DISH Network from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. DISH Network presently has a consensus rating of “Hold” and a consensus price target of $42.45.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tompkins Financial Corp bought a new stake in DISH Network during the fourth quarter valued at about $28,000. Eudaimonia Partners LLC purchased a new position in shares of DISH Network in the fourth quarter worth about $33,000. US Bancorp DE raised its stake in shares of DISH Network by 80.0% in the fourth quarter. US Bancorp DE now owns 1,343 shares of the company’s stock worth $43,000 after purchasing an additional 597 shares during the last quarter. Valeo Financial Advisors LLC raised its position in DISH Network by 541.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,098 shares of the company’s stock valued at $68,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in DISH Network during the first quarter valued at approximately $91,000. 42.52% of the stock is currently owned by institutional investors and hedge funds.

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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