DISH Network Corp (NASDAQ:DISH) was the target of unusually large options trading on Wednesday. Traders bought 23,559 call options on the company. This represents an increase of 1,577% compared to the typical volume of 1,405 call options.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sun Life Financial INC raised its holdings in shares of DISH Network by 20,725.0% during the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after buying an additional 1,658 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of DISH Network during the third quarter valued at approximately $140,000. Quantbot Technologies LP bought a new stake in shares of DISH Network during the third quarter valued at approximately $154,000. Paradigm Asset Management Co. LLC raised its holdings in shares of DISH Network 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 buying an additional 100 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in shares of DISH Network by 123.9% during the second quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock valued at $189,000 after buying an additional 1,665 shares during the last quarter. 48.58% of the stock is currently owned by institutional investors.

Shares of DISH Network (DISH) opened at $48.59 on Monday. The firm has a market capitalization of $22,660.29, a P/E ratio of 17.86, a PEG ratio of 2.38 and a beta of 1.09. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network has a twelve month low of $46.07 and a twelve month high of $66.50.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.60 billion. DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. sell-side analysts forecast that DISH Network will post 1.98 EPS for the current year.

A number of brokerages have issued reports on DISH. Royal Bank Of Canada reissued a “sector perform” rating and issued a $54.00 target price (down previously from $56.00) on shares of DISH Network in a report on Wednesday, November 22nd. SunTrust Banks reissued a “hold” rating and issued a $60.00 target price on shares of DISH Network in a report on Friday, November 10th. Barclays cut their target price on shares of DISH Network from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. UBS cut their target price on shares of DISH Network from $68.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Finally, Zacks Investment Research cut shares of DISH Network from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $63.92.

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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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