Traders Buy Large Volume of DISH Network Call Options (DISH)
DISH Network Corp (NASDAQ:DISH) was the target of unusually large options trading on Wednesday. Stock traders acquired 23,559 call options on the stock. This is an increase of 1,577% compared to the typical volume of 1,405 call options.
Shares of DISH Network (NASDAQ:DISH) opened at $48.59 on Friday. The company has a market capitalization of $22,700.00, a price-to-earnings ratio of 18.13, a PEG ratio of 2.41 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. DISH Network has a 12-month low of $46.07 and a 12-month high of $66.50.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. DISH Network’s revenue was down 5.0% on a year-over-year basis. research analysts expect that DISH Network will post 1.98 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Moffett Nathanson reissued a “sell” rating and set a $37.00 price objective (down from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. BidaskClub lowered DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. reduced their price objective on DISH Network from $62.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, October 17th. Guggenheim reissued a “neutral” rating and set a $62.00 price objective (down from $68.00) on shares of DISH Network in a research note on Thursday, August 24th. Finally, Jefferies Group reissued a “buy” rating and set a $80.00 price objective on shares of DISH Network in a research note on Monday, September 25th. Five research 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 company has a consensus rating of “Hold” and a consensus target price of $63.92.
Several large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of DISH Network during the third quarter worth $506,000. GSA Capital Partners LLP raised its holdings in shares of DISH Network by 1,206.5% during the third quarter. GSA Capital Partners LLP now owns 61,616 shares of the company’s stock worth $3,341,000 after acquiring an additional 56,900 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of DISH Network during the third quarter worth $237,000. Cetera Advisor Networks LLC raised its holdings in shares of DISH Network by 65.4% during the third quarter. Cetera Advisor Networks LLC now owns 12,271 shares of the company’s stock worth $664,000 after acquiring an additional 4,850 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of DISH Network during the third quarter worth $329,000. Institutional investors and hedge funds own 48.58% of the company’s stock.
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DISH Network 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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