DISH Network (DISH) Bond Prices Rise 1.7%
An issue of DISH Network Corp (NASDAQ:DISH) bonds rose 1.7% as a percentage of their face value during trading on Tuesday. The high-yield issue of debt has a 7.75% coupon and will mature on July 1, 2026. The debt is now trading at $87.50 and was trading at $87.88 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.
A number of research analysts recently issued reports on DISH shares. HSBC downgraded shares of DISH Network from a “hold” rating to a “reduce” rating in a research report on Friday, January 25th. BidaskClub upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Morgan Stanley lowered their price objective on shares of DISH Network from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, December 6th. Pivotal Research restated a “buy” rating and set a $37.00 price objective on shares of DISH Network in a report on Wednesday, February 13th. Finally, SunTrust Banks lowered their price objective on shares of DISH Network to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 14th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. DISH Network presently has a consensus rating of “Hold” and an average target price of $37.71.
DISH traded up $0.91 during trading on Tuesday, hitting $31.54. 1,414,904 shares of the company’s stock were exchanged, compared to its average volume of 3,147,949. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.61. DISH Network Corp has a fifty-two week low of $23.22 and a fifty-two week high of $39.72. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 10.51 and a beta of 1.59.
In other news, insider James Defranco bought 10,000 shares of DISH Network stock in a transaction dated Tuesday, February 19th. The stock was purchased at an average price of $30.67 per share, for a total transaction of $306,700.00. Following the purchase, the insider now directly owns 1,528,529 shares in the company, valued at approximately $46,879,984.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders bought 150,000 shares of company stock valued at $4,284,000. Company insiders own 52.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wakefield Asset Management LLLP bought a new stake in shares of DISH Network in the 4th quarter worth $27,000. Acadian Asset Management LLC bought a new stake in shares of DISH Network in the 4th quarter worth $30,000. CENTRAL TRUST Co bought a new position in DISH Network during the fourth quarter valued at about $53,000. Penserra Capital Management LLC bought a new position in DISH Network during the fourth quarter valued at about $70,000. Finally, Bessemer Group Inc. grew its position in DISH Network by 23.1% during the fourth quarter. Bessemer Group Inc. now owns 2,950 shares of the company’s stock valued at $73,000 after buying an additional 554 shares during the period. Hedge funds and other institutional investors own 48.21% of the company’s stock.
DISH Network Company Profile (NASDAQ:DISH)
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.
Recommended Story: S&P 500 Index
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.