DISH Network Target of Unusually Large Options Trading (DISH)

DISH Network Corp (NASDAQ:DISH) was the recipient of some unusual options trading activity on Thursday. Investors purchased 20,354 put options on the stock. This is an increase of approximately 2,031% compared to the typical daily volume of 955 put options.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sun Life Financial INC lifted its position in DISH Network by 20,725.0% during the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after buying an additional 1,658 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new position in DISH Network during the 3rd quarter worth about $140,000. Quantbot Technologies LP acquired a new position in DISH Network during the 3rd quarter worth about $154,000. Huntington National Bank lifted its position in DISH Network by 47.1% during the 3rd quarter. Huntington National Bank now owns 3,824 shares of the company’s stock worth $207,000 after buying an additional 1,224 shares in the last quarter. Finally, Howe & Rusling Inc. acquired a new position in DISH Network during the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 48.54% of the company’s stock.

Shares of DISH Network (NASDAQ:DISH) opened at $49.48 on Friday. 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 fifty-two week low of $46.07 and a fifty-two week high of $66.50. The firm has a market cap of $22,968.08, a PE ratio of 23.34, a PEG ratio of 2.24 and a beta of 1.09.

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

Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of DISH Network from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $54.00 price target (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 price target on shares of DISH Network in a report on Friday, November 10th. Barclays lowered their price target 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. Finally, UBS Group lowered 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. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $63.92.

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About DISH Network

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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