Investors Buy Shares of DISH Network (DISH) on Weakness

Investors purchased shares of DISH Network Corp (NASDAQ:DISH) on weakness during trading hours on Thursday. $58.55 million flowed into the stock on the tick-up and $25.59 million flowed out of the stock on the tick-down, for a money net flow of $32.96 million into the stock. Of all companies tracked, DISH Network had the 13th highest net in-flow for the day. DISH Network traded down ($0.36) for the day and closed at $48.95

A number of equities research analysts have weighed in on the stock. Moffett Nathanson reiterated a “sell” rating and set a $37.00 price target (down previously from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. BidaskClub downgraded shares of DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. decreased their price target on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, October 17th. Guggenheim reiterated a “neutral” rating and set a $62.00 price target (down previously from $68.00) on shares of DISH Network in a research note on Thursday, August 24th. Finally, Jefferies Group reiterated a “buy” rating and set a $80.00 price target on shares of DISH Network in a research note on Monday, September 25th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.92.

The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market cap of $24,264.55, a P/E ratio of 19.13, a P/E/G ratio of 2.54 and a beta of 1.09.

DISH Network (NASDAQ:DISH) last issued its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. sell-side analysts forecast that DISH Network Corp will post 1.98 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new position in DISH Network during the 3rd quarter worth about $506,000. GSA Capital Partners LLP lifted its position in DISH Network by 1,206.5% during the 3rd quarter. GSA Capital Partners LLP now owns 61,616 shares of the company’s stock worth $3,341,000 after buying an additional 56,900 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in DISH Network during the 3rd quarter worth about $237,000. Cetera Advisor Networks LLC lifted its position in DISH Network by 65.4% during the 3rd quarter. Cetera Advisor Networks LLC now owns 12,271 shares of the company’s stock worth $664,000 after buying an additional 4,850 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in DISH Network during the 3rd quarter worth about $329,000. Institutional investors and hedge funds own 48.58% of the company’s stock.

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About DISH Network

DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.

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