BidaskClub upgraded shares of DISH Network (NASDAQ:DISH) from a sell rating to a hold rating in a report issued on Wednesday.

DISH has been the subject of several other reports. Morgan Stanley dropped their price target on DISH Network from $55.00 to $45.00 and set an equal weight rating for the company in a research report on Monday, April 23rd. Credit Suisse Group initiated coverage on DISH Network in a research report on Tuesday, July 10th. They set an underperform rating and a $30.00 price target for the company. Zacks Investment Research cut DISH Network from a strong-buy rating to a hold rating in a research report on Friday, July 20th. Goldman Sachs Group restated a neutral rating on shares of DISH Network in a report on Thursday, June 28th. Finally, Pivotal Research dropped their target price on DISH Network from $65.00 to $38.00 and set a buy rating for the company in a report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $53.61.

Shares of DISH traded down $1.42 during trading hours on Wednesday, hitting $35.17. 3,093,526 shares of the stock were exchanged, compared to its average volume of 3,897,158. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.66 and a current ratio of 0.76. DISH Network has a 12-month low of $28.80 and a 12-month high of $59.90. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 13.85, a PEG ratio of -6.65 and a beta of 1.10.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Friday, August 3rd. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. DISH Network had a return on equity of 20.60% and a net margin of 17.80%. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. analysts predict that DISH Network will post 2.7 earnings per share for the current year.

In other DISH Network news, Chairman Charles W. Ergen purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, May 31st. The shares were acquired at an average price of $29.37 per share, with a total value of $2,937,000.00. Following the purchase, the chairman now directly owns 696,470 shares in the company, valued at approximately $20,455,323.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Defranco purchased 10,000 shares of the firm’s stock in a transaction dated Monday, June 4th. The stock was acquired at an average cost of $29.20 per share, for a total transaction of $292,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 165,000 shares of company stock valued at $4,972,550. 49.20% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Signet Financial Management LLC lifted its stake in shares of DISH Network by 188,000.0% in the 2nd quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock valued at $126,000 after purchasing an additional 3,760 shares during the last quarter. Key Square Capital Management LLC acquired a new position in shares of DISH Network in the 2nd quarter valued at $71,822,000. Federated Investors Inc. PA lifted its stake in shares of DISH Network by 2,623.7% in the 2nd quarter. Federated Investors Inc. PA now owns 134,848 shares of the company’s stock valued at $4,532,000 after purchasing an additional 129,897 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of DISH Network by 30.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,472 shares of the company’s stock valued at $285,000 after purchasing an additional 1,966 shares during the last quarter. Finally, Tyers Asset Management LLC lifted its stake in shares of DISH Network by 32.1% in the 2nd quarter. Tyers Asset Management LLC now owns 12,304 shares of the company’s stock valued at $413,000 after purchasing an additional 2,992 shares during the last quarter. 47.73% of the stock is currently owned by institutional investors and hedge funds.

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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