DISH Network Corporation (NASDAQ:DISH) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 15,509,353 shares, a drop of 7.5% from the August 31st total of 16,770,597 shares. Based on an average daily volume of 2,313,360 shares, the short-interest ratio is presently 6.7 days. Currently, 7.0% of the shares of the stock are short sold.

DISH Network Corporation (NASDAQ DISH) opened at 54.32 on Wednesday. The company’s 50-day moving average is $55.38 and its 200-day moving average is $61.09. DISH Network Corporation has a 52 week low of $52.14 and a 52 week high of $66.50. The company has a market cap of $25.32 billion, a P/E ratio of 25.27 and a beta of 0.99.

DISH Network Corporation (NASDAQ:DISH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts anticipate that DISH Network Corporation will post $2.21 EPS for the current fiscal year.

In related news, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the transaction, the executive vice president now directly owns 165 shares of the company’s stock, valued at approximately $9,340.65. The disclosure for this sale can be found here. Company insiders own 49.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Honkamp Krueger Financial Services Inc. grew its holdings in DISH Network Corporation by 0.4% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 12,835 shares of the company’s stock worth $806,000 after acquiring an additional 48 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of DISH Network Corporation by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,900 shares of the company’s stock valued at $1,061,000 after acquiring an additional 68 shares during the last quarter. Private Capital Advisors Inc. raised its stake in shares of DISH Network Corporation by 0.7% during the second quarter. Private Capital Advisors Inc. now owns 10,772 shares of the company’s stock valued at $676,000 after acquiring an additional 72 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in shares of DISH Network Corporation by 0.9% during the second quarter. TRUE Private Wealth Advisors now owns 7,899 shares of the company’s stock valued at $495,000 after acquiring an additional 74 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its stake in shares of DISH Network Corporation by 4.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after acquiring an additional 100 shares during the last quarter. 48.93% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on DISH. Wunderlich reaffirmed a “sell” rating and set a $54.00 target price on shares of DISH Network Corporation in a research note on Monday, June 12th. BidaskClub cut DISH Network Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. Citigroup Inc. cut DISH Network Corporation from a “buy” rating to a “sell” rating and dropped their price target for the company from $94.00 to $52.00 in a research note on Wednesday, July 26th. Finally, Macquarie reissued a “hold” rating and set a $68.00 price objective on shares of DISH Network Corporation in a report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $68.34.

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DISH Network Corporation Company Profile

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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