Dish Network (DISH) Bond Prices Rise 1.1%

An issue of Dish Network (NASDAQ:DISH) debt rose 1.1% as a percentage of its face value during trading on Thursday. The debt issue has a 7.75% coupon and is set to mature on July 1, 2026. The debt is now trading at $87.00 and was trading at $87.90 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.

A number of equities research analysts have recently commented on DISH shares. ValuEngine downgraded Dish Network from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Dish Network from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Barclays set a $38.00 price objective on Dish Network and gave the company a “buy” rating in a research report on Wednesday, May 9th. Pivotal Research reaffirmed a “buy” rating and issued a $65.00 price objective (down previously from $67.00) on shares of Dish Network in a research report on Thursday, February 22nd. Finally, Cowen set a $54.00 price objective on Dish Network and gave the company a “buy” rating in a research report on Monday, March 26th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.75.

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DISH stock traded down $0.33 during trading on Thursday, reaching $32.65. 2,331,576 shares of the stock traded hands, compared to its average volume of 2,608,871. Dish Network has a 52-week low of $32.06 and a 52-week high of $32.78. The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of 2.07. The company has a market cap of $14.92 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of -6.26 and a beta of 1.14.

Dish Network (NASDAQ:DISH) last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). Dish Network had a net margin of 14.75% and a return on equity of 20.48%. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last year, the firm posted $0.76 EPS. Dish Network’s revenue was down 6.0% on a year-over-year basis. equities analysts forecast that Dish Network will post 2.55 EPS for the current fiscal year.

In other Dish Network news, EVP Jeffrey L. Mcschooler sold 739 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $37.66, for a total transaction of $27,830.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vivek Khemka sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $39.03, for a total value of $234,180.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,190 shares of company stock valued at $279,087. 49.20% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Dish Network in the fourth quarter worth about $105,000. NuWave Investment Management LLC boosted its position in shares of Dish Network by 102.2% in the first quarter. NuWave Investment Management LLC now owns 3,138 shares of the company’s stock worth $118,000 after buying an additional 1,586 shares during the period. MUFG Americas Holdings Corp boosted its position in shares of Dish Network by 86.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock worth $133,000 after buying an additional 1,300 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Dish Network by 249.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,355 shares of the company’s stock worth $160,000 after buying an additional 2,394 shares during the period. Finally, Arlington Partners LLC purchased a new stake in shares of Dish Network in the fourth quarter worth about $191,000. 48.93% of the stock is owned by hedge funds and other institutional investors.

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.