DISH Network Corp Has More Gas To Increase After Today’s Bullish Options Activity

 DISH Network Corp Has More Gas To Increase After Today's Bullish Options Activity

In today’s session DISH Network Corp (DISH) registered an unusually high (348) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious DISH increase. With 348 contracts traded and 434 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: DISH161021C00058000 closed last at: $0.8 or 60% up. About 1.00 million shares traded hands. DISH Network Corp (NASDAQ:DISH) has risen 16.17% since March 14, 2016 and is uptrending. It has outperformed by 10.56% the S&P500.

Analysts await DISH Network Corp (NASDAQ:DISH) to report earnings on November, 14. They expect $0.68 earnings per share, up 61.90% or $0.26 from last year’s $0.42 per share. DISH’s profit will be $316.07 million for 20.90 P/E if the $0.68 EPS becomes a reality. After $0.88 actual earnings per share 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. Dish Network Corp. has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of DISH in a report on Saturday, September 5 to “Buy” rating. Macquarie Research maintained the stock with “Neutral” rating in Monday, February 22 report. The rating was maintained by Wunderlich on Monday, September 21 with “Sell”. The stock of DISH Network Corp (NASDAQ:DISH) has “Outperform” rating given on Tuesday, August 9 by Macquarie Research. Deutsche Bank maintained DISH Network Corp (NASDAQ:DISH) rating on Wednesday, November 18. Deutsche Bank has “Buy” rating and $93 price target. The stock of DISH Network Corp (NASDAQ:DISH) earned “Equal-Weight” rating by Barclays Capital on Tuesday, February 16. JP Morgan maintained DISH Network Corp (NASDAQ:DISH) on Monday, October 5 with “Overweight” rating. The company was maintained on Wednesday, September 9 by Wunderlich. The rating was maintained by FBR Capital with “Outperform” on Monday, August 10. The company was maintained on Thursday, April 21 by Goldman Sachs.

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.
Soros Fund Management Ltd Liability Corp owns 725,489 shares or 0.81% of their US portfolio. Calvert Invest owns 28,367 shares or 0.08% of their US portfolio. Massmutual Trust Fsb Adv holds 0% of its portfolio in DISH Network Corp (NASDAQ:DISH) for 11 shares. Moreover, Horizon Kinetics Ltd Co has 1.98% invested in DISH Network Corp (NASDAQ:DISH) for 1.50 million shares. Gru One Trading Ltd Partnership last reported 0.04% of its portfolio in the stock. Hudson Bay Capital Mgmt L P has 37,800 shares for 0.06% of their US portfolio. Janus Cap Management Limited Com holds 0% of its portfolio in DISH Network Corp (NASDAQ:DISH) for 39,300 shares. Dimensional Fund Advisors Lp has invested 0.01% of its portfolio in DISH Network Corp (NASDAQ:DISH). Moreover, Dekabank Deutsche Girozentrale has 0.07% invested in DISH Network Corp (NASDAQ:DISH) for 123,102 shares. Td Asset Mngmt accumulated 20,177 shares or 0% of the stock. High Point National Bank And reported 1,500 shares or 0.02% of all its holdings. Jpmorgan Chase And has 0.3% invested in the company for 22.73M shares. Sumitomo Mitsui Tru Hldg has invested 0.06% of its portfolio in DISH Network Corp (NASDAQ:DISH). Bnp Paribas Prtnrs has invested 0.01% of its portfolio in DISH Network Corp (NASDAQ:DISH). Retirement Of Alabama reported 301,100 shares or 0.09% of all its holdings.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 5 selling transactions for $2.74 million net activity. $975,800 worth of shares were sold by Dodge R Stanton on Tuesday, May 31. 3,000 shares were sold by Swieringa John, worth $153,030. On Monday, September 26 VOGEL CARL E sold $1.61M worth of the stock or 30,000 shares. Shares for $4,869 were sold by ORBAN PAUL W on Monday, October 3.

DISH Network Corporation is a holding company. The company has a market cap of $26.42 billion. The Firm operates through two divisions: DISH and Wireless. It has a 30.38 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 which published an article titled: “DISH Network Corp: This Bullish Trend in DISH Stock Rages on” on October 04, 2016.

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