Here is the rundown on market activity for DISH Network Corporation (NASDAQ:DISH). Carl E. Vogel, Director sold $1,606,200 worth of shares at an average price of $53.54 on Mon the 26th. Vogel now owns $2,150,434 of stock as recorded in a recent Form 4 SEC filing. EVP John Swieringa sold 3,000 shares at an average price of $51.01 on Fri the 12th. That brings the EVP’s holdings to $6,988 as reported to the SEC.
Paul W. Orban, Sr VP sold $4,909 worth of shares at an average price of $52.22 on July 1st. That brings Orban’s holdings to $43,604 per an SEC filing yesterday.
Here are a few other firms who have also updated their positions. BNP Paribas Investment Partners S.A. reduced its ownership by shedding 835 shares a decrease of 3.3%. BNP Paribas Investment Partners S.A. now holds 24,707 shares worth $1,295,000. The total value of its holdings decreased 11.3%. As of quarter end Macquarie Group Ltd had acquired 400 shares growing its position 6.5%. The value of the investment in (DISH) went from $287,000 to $346,000 increasing 20.6% quarter over quarter.
Twin Tree Management, Lp grew its investment by buying 2,760 shares an increase of 41.3% from 09/30/2014 to 12/31/2015. Twin Tree Management, Lp owns 9,450 shares valued at $540,000. The value of the position overall is up by 25.0%. As of the end of the quarter Nomura Holdings Inc had sold a total of 11,778 shares trimming its stake by 75.6%. The value of the investment in DISH Network Corporation decreased from $728,000 to $200,000 a change of $528,000 for the reporting period.
On July 22 the company was downgraded from “Hold” to “Sell” in a statement from Wunderlich. On June 28, 2016 the stock rating was set at “Sell” by MoffettNathanson a cut from the previous “Sell” rating.
March 3 investment analysts at Credit Suisse maintained a stock rating of “Neutral” but moved down the price target to $53.00 from $65.00. On February 26 the stock rating was upgraded to “Hold” from “Reduce” with a current price target of $47.00 in a report from HSBC.
Equity analyst HSBC lowered the price target and upgraded the stock on February 26 cutting the price target from $58.00 to $47.00 and moving the rating from “Reduce” to “Hold”. On February 22 Macquarie held the stock rating at “Neutral” and moved down the price target from $68.00 to $62.00.
The company is trading up by 1.07 percent from yesterday’s close. The stock is trading at $54.93 which is marginally over the 50 day moving average which is $51.26 and just a bit higher than the 200 day moving average of $50.02. The 50 day moving average was up $3.67 whereas the 200 day average was up by +9.81%.
The most current P/E ratio is 29.34 and market capitalization is 25.53B. As of the latest earnings report the EPS was $1.87 and is expected to be $3.08 for the current year with 464,859,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.69 with next year’s EPS projected to be $2.78.
Investors are a little more bearish on the company as implied by the increase in short interest. The company recorded a rise in short interest of 0.09% as of September 15, 2016 from the last reporting period. Short shares increased from 12,358,505 to 13,419,226 over that timeframe. Days to cover decreased from 7.1 to 4.2 and the percentage of shorted shares is 0.03% as of September 15.