Several other research analysts have also recently weighed in on DISH. Zacks Investment Research upgraded shares of DISH Network from a hold rating to a buy rating and set a $32.00 price target on the stock in a report on Thursday, January 10th. HSBC cut shares of DISH Network from a hold rating to a reduce rating in a report on Friday, January 25th. Pivotal Research reiterated a buy rating and issued a $37.00 target price on shares of DISH Network in a research note on Wednesday, February 13th. Barclays cut shares of DISH Network from an overweight rating to an equal weight rating and set a $31.00 target price on the stock. in a research note on Thursday, February 14th. Finally, SunTrust Banks dropped their target price on shares of DISH Network to $30.00 and set a hold rating on the stock in a research note on Thursday, February 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $38.00.
DISH Network stock opened at $34.04 on Friday. DISH Network has a fifty-two week low of $23.22 and a fifty-two week high of $37.47. The stock has a market cap of $16.59 billion, a P/E ratio of 11.35 and a beta of 1.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.63 and a current ratio of 0.72.
In related news, insider James Defranco bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were purchased at an average cost of $30.67 per share, for a total transaction of $306,700.00. Following the completion of the purchase, the insider now directly owns 1,528,529 shares in the company, valued at $46,879,984.43. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 52.80% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DISH. Investors Research Corp purchased a new stake in shares of DISH Network during the 1st quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its stake in shares of DISH Network by 38.5% during the 1st quarter. Global Retirement Partners LLC now owns 1,051 shares of the company’s stock valued at $33,000 after buying an additional 292 shares in the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of DISH Network during the 4th quarter valued at approximately $27,000. Moody National Bank Trust Division purchased a new stake in shares of DISH Network during the 1st quarter valued at approximately $36,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of DISH Network during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.
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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