Stevens Capital Management LP increased its holdings in Discovery Communications, Inc. (NASDAQ:DISCA) by 131.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,728 shares of the company’s stock after acquiring an additional 52,042 shares during the quarter. Stevens Capital Management LP’s holdings in Discovery Communications were worth $2,369,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. ThornTree Capital Partners LP lifted its position in shares of Discovery Communications by 25.6% during the second quarter. ThornTree Capital Partners LP now owns 452,362 shares of the company’s stock valued at $11,685,000 after buying an additional 92,100 shares during the last quarter. Amalgamated Bank lifted its position in shares of Discovery Communications by 52.2% during the second quarter. Amalgamated Bank now owns 17,207 shares of the company’s stock valued at $444,000 after buying an additional 5,905 shares during the last quarter. BlackRock Inc. lifted its position in shares of Discovery Communications by 2.0% during the second quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock valued at $246,259,000 after buying an additional 187,781 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Discovery Communications by 1.2% during the second quarter. Nationwide Fund Advisors now owns 100,173 shares of the company’s stock valued at $2,587,000 after buying an additional 1,220 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Discovery Communications by 0.7% during the second quarter. Norinchukin Bank The now owns 35,228 shares of the company’s stock valued at $910,000 after buying an additional 245 shares during the last quarter. 45.84% of the stock is owned by institutional investors.
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In other news, Director S Decker Anstrom acquired 10,000 shares of Discovery Communications stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $23.05 per share, for a total transaction of $230,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of Discovery Communications stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $21.70 per share, with a total value of $325,500.00. Following the purchase, the chief financial officer now owns 35,000 shares of the company’s stock, valued at approximately $759,500. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is owned by company insiders.
Discovery Communications, Inc. (NASDAQ DISCA) opened at 21.26 on Thursday. The company has a 50-day moving average of $22.52 and a 200 day moving average of $25.91. Discovery Communications, Inc. has a one year low of $20.14 and a one year high of $30.25. The firm has a market cap of $12.12 billion, a P/E ratio of 11.28 and a beta of 1.59.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Discovery Communications’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that Discovery Communications, Inc. will post $2.24 earnings per share for the current fiscal year.
Several research firms have commented on DISCA. Pivotal Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, August 8th. MKM Partners reissued a “neutral” rating and set a $26.00 price target (down from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. Royal Bank Of Canada decreased their price target on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. Jefferies Group LLC reissued a “hold” rating and set a $28.00 price target on shares of Discovery Communications in a research report on Friday, June 16th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $24.00 price target on shares of Discovery Communications in a research report on Saturday, July 22nd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.13.
Discovery Communications Company Profile
Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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