DISH Network Corp (NASDAQ:DISH) insider James Defranco bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $32.28 per share, with a total value of $484,200.00. Following the completion of the transaction, the insider now owns 1,303,529 shares of the company’s stock, valued at $42,077,916.12. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, November 12th, James Defranco bought 10,000 shares of DISH Network stock. The shares were acquired at an average cost of $31.77 per share, with a total value of $317,700.00.
  • On Monday, November 5th, James Defranco bought 15,000 shares of DISH Network stock. The shares were acquired at an average cost of $31.06 per share, with a total value of $465,900.00.
  • On Friday, October 26th, James Defranco acquired 5,000 shares of DISH Network stock. The stock was purchased at an average cost of $28.99 per share, with a total value of $144,950.00.
  • On Monday, October 29th, James Defranco acquired 25,000 shares of DISH Network stock. The stock was purchased at an average cost of $29.00 per share, with a total value of $725,000.00.
  • On Monday, October 22nd, James Defranco acquired 5,000 shares of DISH Network stock. The stock was purchased at an average cost of $34.96 per share, with a total value of $174,800.00.
  • On Wednesday, October 24th, James Defranco acquired 15,000 shares of DISH Network stock. The stock was purchased at an average cost of $32.98 per share, with a total value of $494,700.00.
  • On Monday, October 15th, James Defranco acquired 10,000 shares of DISH Network stock. The stock was purchased at an average cost of $32.99 per share, with a total value of $329,900.00.
  • On Thursday, October 11th, James Defranco acquired 5,000 shares of DISH Network stock. The stock was purchased at an average cost of $32.99 per share, with a total value of $164,950.00.
  • On Friday, October 5th, James Defranco acquired 5,000 shares of DISH Network stock. The stock was purchased at an average cost of $34.99 per share, with a total value of $174,950.00.
  • On Monday, October 8th, James Defranco acquired 10,000 shares of DISH Network stock. The stock was purchased at an average cost of $34.54 per share, with a total value of $345,400.00.

DISH traded up $1.24 during midday trading on Wednesday, reaching $31.27. The company had a trading volume of 171,478 shares, compared to its average volume of 3,729,555. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 1.67. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 12.31 and a beta of 1.25. DISH Network Corp has a 12-month low of $27.54 and a 12-month high of $52.53.

DISH Network (NASDAQ:DISH) last released its earnings results on Wednesday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.15. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.40 billion. DISH Network had a net margin of 19.01% and a return on equity of 20.26%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, sell-side analysts anticipate that DISH Network Corp will post 2.83 earnings per share for the current year.

DISH has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of DISH Network from a “sell” rating to a “strong sell” rating in a research report on Friday, July 27th. Cowen reaffirmed a “buy” rating and issued a $60.00 price objective on shares of DISH Network in a research report on Monday, August 6th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of DISH Network in a research report on Monday, August 6th. Pivotal Research reaffirmed a “buy” rating and issued a $40.00 price objective on shares of DISH Network in a research report on Monday, August 6th. Finally, Moffett Nathanson downgraded shares of DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 price objective for the company. in a research report on Monday, August 13th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.69.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DISH. Signet Financial Management LLC boosted its stake in DISH Network by 188,000.0% in the second 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 during the last quarter. Dupont Capital Management Corp purchased a new position in DISH Network in the third quarter valued at about $130,000. Cadence Capital Management LLC purchased a new stake in shares of DISH Network during the 3rd quarter valued at approximately $216,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 buying an additional 4,936 shares in the last quarter. Finally, Insight 2811 Inc. purchased a new stake in shares of DISH Network during the 2nd quarter valued at approximately $233,000. Hedge funds and other institutional investors own 47.68% of the company’s stock.

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About DISH Network

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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