Is DISH Network Corp a Sell? The Stock Had Bearish Options Activity Today

 Is DISH Network Corp a Sell? The Stock Had Bearish Options Activity Today

In today’s session DISH Network Corp (DISH) recorded an unusually high (1,004) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DISH decrease. With 1,004 contracts traded and 484 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DISH161118P00055000 closed last at: $2.65 or 8.6% down. About 236,684 shares traded hands. DISH Network Corp (NASDAQ:DISH) has risen 11.34% since March 4, 2016 and is uptrending. It has outperformed by 3.30% the S&P500.

Analysts await DISH Network Corp (NASDAQ:DISH) to report earnings on November, 14. They expect $0.68 EPS, up 61.90% or $0.26 from last year’s $0.42 per share. DISH’s profit will be $313.32M for 20.24 P/E if the $0.68 EPS becomes a reality. After $0.88 actual EPS reported by DISH Network Corp for the previous quarter, Wall Street now forecasts -22.73% negative EPS growth.

DISH Network Corp (NASDAQ:DISH) Ratings Coverage

Out of 15 analysts covering Dish Network Corp. (NASDAQ:DISH), 7 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 47% are positive. $98 is the highest target while $45 is the lowest. The $66.03 average target is 19.92% above today’s ($55.06) stock price. Dish Network Corp. has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Deutsche Bank initiated the shares of DISH in a report on Thursday, October 8 with “Buy” rating. Wunderlich downgraded the shares of DISH in a report on Friday, July 22 to “Sell” rating. Vetr downgraded the shares of DISH in a report on Tuesday, September 8 to “Buy” rating. The stock has “Sell” rating given by Wunderlich on Monday, September 21. Goldman Sachs maintained the shares of DISH in a report on Thursday, April 21 with “Buy” rating. The company was maintained on Wednesday, September 9 by Wunderlich. The firm has “Outperform” rating given on Monday, August 10 by FBR Capital. The stock of DISH Network Corp (NASDAQ:DISH) earned “Neutral” rating by Macquarie Research on Monday, February 22. On Monday, October 5 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Underweight” rating by Barclays Capital given on Friday, August 14.

According to Zacks Investment Research, “DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network – the direct broadcast satellite, subscription television service in the United States. EchoStar Technologies Corporation division, which is principally responsible for the design of digital set-top boxes, or satellite receivers, and the sale of set-top boxes to international operators. Satellite Services division provides video, audio and data services to business television customers and other satellite users.”

Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.18, from 1.17 in 2016Q1. The ratio improved, as 39 funds sold all DISH Network Corp shares owned while 101 reduced positions. 54 funds bought stakes while 135 increased positions. They now own 208.11 million shares or 1.04% less from 210.30 million shares in 2016Q1.
Canada Pension Plan Investment Board holds 0.02% or 90,386 shares in its portfolio. Renaissance Tech Lc owns 1.02 million shares or 0.1% of their US portfolio. Moreover, Savings Bank Of Montreal Can has 0.01% invested in DISH Network Corp (NASDAQ:DISH) for 95,947 shares. Janus Ltd last reported 39,300 shares in the company. Jpmorgan Chase & Com, a New York-based fund reported 22.73 million shares. Allianz Asset Management Ag reported 92,531 shares or 0% of all its holdings. Signaturefd Ltd last reported 0% of its portfolio in the stock. Yhb Investment Advsrs has 60,575 shares for 0.7% of their US portfolio. Moreover, Alpine Woods Invsts Limited Co has 0.14% invested in DISH Network Corp (NASDAQ:DISH) for 45,300 shares. Dodge Cox last reported 0.73% of its portfolio in the stock. Td Asset Management owns 20,177 shares or 0% of their US portfolio. Hudson Bay Capital Management Lp accumulated 37,800 shares or 0.06% of the stock. Moreover, Secor Cap Limited Partnership has 0.07% invested in DISH Network Corp (NASDAQ:DISH) for 10,205 shares. Andra Ap accumulated 40,000 shares or 0.05% of the stock. Wedge Cap Management L L P Nc accumulated 121,099 shares or 0.07% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 5 insider sales for $2.74 million net activity. ORBAN PAUL W had sold 94 shares worth $4,909 on Friday, July 1. Shares for $1.61 million were sold by VOGEL CARL E on Monday, September 26. On Friday, August 12 Swieringa John sold $153,030 worth of the stock or 3,000 shares. $975,800 worth of DISH Network Corp (NASDAQ:DISH) shares were sold by Dodge R Stanton.

DISH Network Corporation is a holding company. The company has a market cap of $25.37 billion. The Firm operates through two divisions: DISH and Wireless. It has a 29.43 P/E ratio. It offers Pay-TV services under the DISH brand and the Sling brand .

DISH Company Profile

DISH Network Corporation, incorporated on April 26, 1995, is a holding company. The Firm operates through two divisions: DISH and Wireless. The Firm 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 (DBS) and Fixed Satellite Service (FSS) 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. The Sling branded Pay-TV services consist of live, linear streaming over-the-top (OTT) Internet domestic, international and Latino video programming services (Sling TV). The Firm offers receiver systems and programming through direct sales channels and through independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, retailers and telecommunications companies.

Another recent and important DISH Network Corp (NASDAQ:DISH) news was published by Profitconfidential.com which published an article titled: “DISH Network Corp: This Bullish Trend in DISH Stock Rages on” on October 04, 2016.

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