DISH Network Corporation (DISH) Review – Making Smarter Decisions

636 institutions hold shares in DISH Network Corporation (DISH), with 74.66M shares held by insiders accounting for 14.19% while institutional investors hold 93.44% of the company’s shares. The shares outstanding are 525.53M, and float is at 246.68M with Short Float at 16.55%. Institutions hold 80.17% of the Float.


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The top institutional shareholder in the company is Dodge & Cox Inc with over 29.51 million shares valued at $856.72 million. The investor’s holdings represent 10.26% of the DISH Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 26.24 million shares valued at $761.78 million to account for 9.13% of the shares outstanding. The other top investors are Eagle Capital Management LLC which holds 16.15 million shares representing 5.62% and valued at over $468.88 million, while Blackrock Inc. holds 5.60% of the shares totaling 16.09 million with a market value of $520.43 million.

DISH Network Corporation (NASDAQ: DISH) is -0.25% lower on its value in year-to-date trading and has touched a low of $17.09 and a high of $41.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DISH stock was last observed hovering at around $33.67 in the last trading session, with the day’s loss setting it -1.41% off its average median price target of $36.00 for the next 12 months. It is also 63.34% off the consensus price target high of $88.00 offered by 17 analysts, but current levels are -115.07% lower than the price target low of $15.00 for the same period.

Currently trading at $32.26, the stock is 2.99% and 0.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.08 million and changing -4.19% at the moment leaves the stock 1.65% off its SMA200. DISH registered -20.80% loss for a year compared to 6-month loss of -4.81%. The firm has a 50-day simple moving average (SMA 50) of $31.78 and a 200-day simple moving average (SMA200) of $31.64.

The stock witnessed a 1.07% gain in the last 1 month and extending the period to 3 months gives it a -3.70%, and is 2.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.50% over the week and 3.88% over the month.

DISH Network Corporation (DISH) has around 16000 employees, a market worth around $17.06B and $14.18B in sales. Current P/E ratio is 13.08 and Fwd P/E is 12.01. Profit margin for the company is 10.00%. Distance from 52-week low is 88.77% and -22.92% from its 52-week high. The company has generated returns on investments over the last 12 months (5.60%).

DISH Network Corporation (DISH) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for DISH Network Corporation (DISH) is a “Hold”. 17 analysts offering their recommendations for the stock have an average rating of 2.50, where 7 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

DISH Network Corporation quarterly earnings per share for the current quarter are estimated at $0.73 with sales reaching $4.28B over the same period.The EPS is expected to shrink by -12.80% this year, but quarterly earnings will post 12.50% year-over-year. Quarterly sales are estimated to grow 33.00% in year-over-year returns.

DISH Network Corporation (DISH) Insider Activity

A total of 22 insider transactions have happened at DISH Network Corporation (DISH) in the last six months, with sales accounting for 11 and purchases happening 11 times. The most recent transaction is an insider sale by CULLEN THOMAS A, the company’s EVP, CORPORATE DEVELOPMENT. SEC filings show that CULLEN THOMAS A sold 43,000 shares of the company’s common stock on Sep 25 at a price of $28.43 per share for a total of $1.22 million. Following the sale, the insider now owns 0.3 million shares.

DISH Network Corporation disclosed in a document filed with the SEC on Sep 24 that CULLEN THOMAS A (EVP, CORPORATE DEVELOPMENT) sold a total of 43,000 shares of the company’s common stock. The trade occurred on Sep 24 and was made at $28.58 per share for $1.23 million. Following the transaction, the insider now directly holds 0.3 million shares of the DISH stock.

Still, SEC filings show that on Sep 23, CULLEN THOMAS A (EVP, CORPORATE DEVELOPMENT) disposed off 43,000 shares at an average price of $29.23 for $1.26 million. The insider now directly holds 296,852 shares of DISH Network Corporation (DISH).

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DISH Network Corporation (DISH): Who are the competitors?

The company’s main competitors (and peers) include Charter Communications Inc. (CHTR) that is trading 11.42% up over the past 12 months. The Walt Disney Company (DIS) is 37.99% up on the 1-year trading charts. Short interest in the company’s stock has risen 38.67% from the last report on Dec 30, 2020 to stand at a total of 25.04 million short shares sold with a short interest ratio of 7.36.

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