James Defranco Buys 15,000 Shares of DISH Network Corp (DISH) Stock

DISH Network Corp (NASDAQ:DISH) insider James Defranco bought 15,000 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were bought at an average cost of $31.06 per share, with a total value of $465,900.00. Following the purchase, the insider now directly owns 1,278,529 shares of the company’s stock, valued at $39,711,110.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

James Defranco also recently made the following trade(s):

  • On Friday, October 26th, James Defranco bought 5,000 shares of DISH Network stock. The shares were bought at an average cost of $28.99 per share, with a total value of $144,950.00.
  • On Monday, October 29th, James Defranco bought 25,000 shares of DISH Network stock. The shares were bought at an average cost of $29.00 per share, with a total value of $725,000.00.
  • On Monday, October 22nd, James Defranco bought 5,000 shares of DISH Network stock. The shares were bought at an average cost of $34.96 per share, with a total value of $174,800.00.
  • On Wednesday, October 24th, James Defranco bought 15,000 shares of DISH Network stock. The shares were bought at an average cost of $32.98 per share, with a total value of $494,700.00.
  • On Monday, October 15th, James Defranco bought 10,000 shares of DISH Network stock. The shares were bought at an average cost of $32.99 per share, with a total value of $329,900.00.
  • On Thursday, October 11th, James Defranco bought 5,000 shares of DISH Network stock. The shares were bought at an average cost of $32.99 per share, with a total value of $164,950.00.
  • On Friday, October 5th, James Defranco bought 5,000 shares of DISH Network stock. The shares were bought at an average cost of $34.99 per share, with a total value of $174,950.00.
  • On Monday, October 8th, James Defranco bought 10,000 shares of DISH Network stock. The shares were bought at an average cost of $34.54 per share, with a total value of $345,400.00.
  • On Tuesday, September 25th, James Defranco bought 5,000 shares of DISH Network stock. The shares were bought at an average cost of $34.99 per share, with a total value of $174,950.00.
  • On Monday, September 10th, James Defranco bought 5,000 shares of DISH Network stock. The shares were bought at an average cost of $34.99 per share, with a total value of $174,950.00.

NASDAQ DISH traded up $0.63 during trading hours on Wednesday, hitting $32.12. 5,017,499 shares of the company’s stock traded hands, compared to its average volume of 2,944,792. DISH Network Corp has a 52-week low of $27.54 and a 52-week high of $52.53. The stock has a market cap of $14.46 billion, a PE ratio of 12.65 and a beta of 1.25. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.94.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.15. DISH Network had a net margin of 17.80% and a return on equity of 20.60%. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the company earned $0.57 EPS. DISH Network’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that DISH Network Corp will post 2.79 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signet Financial Management LLC grew its stake in DISH Network by 188,000.0% during the 2nd quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock valued at $126,000 after acquiring an additional 3,760 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in DISH Network during the 3rd quarter valued at about $130,000. Cadence Capital Management LLC purchased a new stake in DISH Network during the 3rd quarter valued at about $216,000. WINTON GROUP Ltd purchased a new stake in DISH Network during the 1st quarter valued at about $219,000. Finally, Tower Research Capital LLC TRC grew its stake in DISH Network by 293.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,618 shares of the company’s stock valued at $222,000 after acquiring an additional 4,936 shares in the last quarter. 48.25% of the stock is owned by institutional investors.

A number of analysts have recently commented on DISH shares. Zacks Investment Research raised shares of DISH Network from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Wednesday, August 29th. Cowen reissued a “buy” rating and set a $60.00 target price on shares of DISH Network in a research note on Monday, August 6th. Moffett Nathanson cut shares of DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 target price for the company. in a research note on Monday, August 13th. Pivotal Research reissued a “buy” rating and set a $40.00 target price on shares of DISH Network in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $50.00 target price on shares of DISH Network in a research note on Monday, August 6th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. DISH Network has an average rating of “Hold” and an average price target of $42.79.

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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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