On March 29, 2023 at 10:27:33 ET an unusually large
$450.00K block of Put contracts in DISH Network
(DISH) was sold,
with a strike price of $7.50 / share, expiring in 660 days (on January 17, 2025).
Fintel tracks all large options trades, and the premium spent on this trade was 1.62 sigmas above the mean, placing it in the 95.30 percentile of all recent large trades made in DISH options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 215.08% Upside
As of March 28, 2023,
the average one-year price target for DISH Network is $27.35.
The forecasts range from a low of $10.10 to a high of $63.00.
The average price target represents an increase of 215.08% from its latest reported closing price of $8.68.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DISH Network
is $17,001MM, an increase of 1.93%.
The projected annual non-GAAP EPS
is $1.49.
What is the Fund Sentiment?
There are 965 funds or institutions reporting positions in DISH Network.
This is an increase
of
6
owner(s) or 0.63% in the last quarter.
Average portfolio weight of all funds dedicated to DISH is 0.14%,
a decrease
of 4.48%.
Total shares owned by institutions decreased
in the last three months by 0.48% to 287,899K shares.
The put/call ratio of DISH is 4.91, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Dodge & Cox
holds 39,293K shares
representing 7.40% ownership of the company.
In it’s prior filing, the firm reported owning 39,364K shares, representing
a decrease
of 0.18%.
The firm
decreased
its portfolio allocation in DISH by 8.29% over the last quarter.
DODGX – Dodge & Cox Stock Fund
holds 26,326K shares
representing 4.96% ownership of the company.
No change in the last quarter.
Eagle Capital Management
holds 15,333K shares
representing 2.89% ownership of the company.
In it’s prior filing, the firm reported owning 17,131K shares, representing
a decrease
of 11.73%.
The firm
decreased
its portfolio allocation in DISH by 99.91% over the last quarter.
Invesco
holds 13,863K shares
representing 2.61% ownership of the company.
In it’s prior filing, the firm reported owning 6,581K shares, representing
an increase
of 52.53%.
The firm
increased
its portfolio allocation in DISH by 94.61% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 7,527K shares
representing 1.42% ownership of the company.
In it’s prior filing, the firm reported owning 7,361K shares, representing
an increase
of 2.21%.
The firm
decreased
its portfolio allocation in DISH by 4.13% over the last quarter.
Dish Network Background Information
(This description is provided by the company.)
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation’s first cloud native, OpenRAN-based 5G broadband network.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
