The Vanguard Group, Inc. has recently announced that it has increased stake in DISH Network Corporation (NASDAQ:DISH) by 1.74%. After grabbing 26.78 million shares, the institutional investor is now in possession of 0.46 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 9.17% having worth around $399.24 million. Moreover, Eagle Capital Management LLC increased its share by 0.21 million to have a control over 17.13 million shares. And BlackRock Fund Advisors raised its holdings to 0.18 million shares by acquiring 13.29 million shares or 4.55% of the stake.
DISH Network Corporation (DISH) concluded trading on 11/17/22 at a closing price of $15.39, with 3.2 million shares of worth about $49.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.96% during that period and on Thursday the price saw a loss of about -2.10%. Currently the company’s common shares owned by public are about 530.44M shares, out of which, 251.08M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the DISH stock and their offered price forecasts bring an average price target of $33.58. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $60.00 and could fall to a lowest price of $16.00. The stock’s current price level is 54.66% above of average price target set by the analysts, while a rise to estimated low would result in gain of 3.81% for the stock. However, touching the estimated high of $60.00 would mean a gain of 74.35% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 11,277,318 shares in 24 of the transactions. In 12 selling transactions, insiders dumped 9,209,056 shares.
Dodge & Cox Stock Fund, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in DISH Network Corporation Dodge & Cox Stock Fund is currently holding 26.33 million shares of worth totaling $392.52 million. The company recently came buying 50000.0 shares which brought its stake up to 9.02% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 32572.0 shares, after which its hold over company’s outstanding shares shrunk to 2.54%, leaving 7.41 million shares with the mutual fund that have a worth of about $110.52 million. Vanguard Mid Cap Index Fund, after buying 5.73 million shares, have now control over 1.96% of the stake in the company. It holds 35717.0 shares of worth $85.45 million.
DISH Network Corporation (NASDAQ: DISH) started trading at $15.21, below -$0.51 from concluding price of the previous day. However, the stock later moved at a day high price of 15.41, or with a loss of -2.10%. Stock saw a price change of -4.17% in past 5 days and over the past one month there was a price change of 11.93%. Year-to-date (YTD), DISH shares are showing a performance of -52.56% which decreased to -56.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.55 but also hit the highest price of $37.28 during that period. The average intraday trading volume for DISH Network Corporation shares is 4.50 million. The stock is currently trading 2.67% above its 20-day simple moving average (SMA20), while that difference is up 1.09% for SMA50 and it goes to -29.74% lower than SMA200.
The Vanguard Group, Inc. acquired 26.78 million shares of DISH Network Corporation having value of about $399.24 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.46 million shares in the company valued at close to $7056130.32, or have control over 1.74% stake in the company. DISH Network Corporation (NASDAQ: DISH) currently have 530.44M outstanding shares and institutions hold larger chunk of about 84.40% of that. Holding of mutual funds in the company is about 39.33% while other institutional holders and individual stake holders have control over 44.30% and 14.85% of the stake respectively.
The stock has a current market capitalization of $7.72B and its 3Y-monthly beta is at 1.81. PE ratio of stock for trailing 12 months is 5.11, while it has posted earnings per share of $3.01 in the same period. It has Quick Ratio of 0.40 while making debt-to-equity ratio of 1.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DISH, volatility over the week remained 5.47% while standing at 5.78% over the month.
Analysts are in expectations that DISH Network Corporation (DISH) stock would likely to be making an EPS of $0.56 in the current quarter, while forecast for next quarter EPS is $0.51 and it is $1.3 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.34 which is $0.74 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.88 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.60% while it is estimated to decrease by -44.26% in next year.
Analysts at 14 brokerage firms have issued recommendations for the DISH Network Corporation (DISH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 14 Wall Street analysts, 10 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Pivotal Research Group on August 04, 2022 offering a Buy rating for the stock and assigned a target price range of between $40 and $36 to it. Coverage by Truist stated DISH Network Corporation (DISH) stock as a Buy in their note to investors on May 31, 2022, suggesting a price target of $60 for the stock. On May 09, 2022, Credit Suisse Upgrade their recommendations, while on May 09, 2022, JP Morgan Downgrade their ratings for the stock with a price target of $30. Stock get a Buy rating from UBS on March 08, 2022.