USA Financial Portformulas Corp Acquires Shares of 15,742 Discovery Communications, Inc. (DISCA)

USA Financial Portformulas Corp purchased a new stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,742 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in shares of Discovery Communications by 437.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after purchasing an additional 3,230 shares during the period. Ballentine Partners LLC purchased a new position in shares of Discovery Communications in the second quarter valued at approximately $133,000. Montag A & Associates Inc. purchased a new position in shares of Discovery Communications in the second quarter valued at approximately $209,000. OLD National Bancorp IN purchased a new position in shares of Discovery Communications in the third quarter valued at approximately $222,000. Finally, MUFG Americas Holdings Corp boosted its stake in shares of Discovery Communications by 13.9% in the second quarter. MUFG Americas Holdings Corp now owns 8,997 shares of the company’s stock valued at $232,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 45.81% of the company’s stock.

DISCA has been the subject of a number of recent research reports. B. Riley decreased their price target on shares of Discovery Communications from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Credit Suisse Group decreased their price target on shares of Discovery Communications from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. Loop Capital decreased their price target on shares of Discovery Communications from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price target (down previously from $29.00) on shares of Discovery Communications in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.27.

In related news, insider Paul J. Guagliardo bought 10,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $22.71 per share, for a total transaction of $227,100.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels bought 15,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $21.70 per share, for a total transaction of $325,500.00. Following the completion of the transaction, the chief financial officer now directly owns 35,000 shares in the company, valued at approximately $759,500. The disclosure for this purchase can be found here. Insiders acquired a total of 220,000 shares of company stock worth $3,624,350 over the last three months. 6.81% of the stock is currently owned by corporate insiders.

Discovery Communications, Inc. (NASDAQ:DISCA) opened at $17.19 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The company has a market cap of $6,508.36, a price-to-earnings ratio of 8.25, a PEG ratio of 0.92 and a beta of 1.55. Discovery Communications, Inc. has a 1-year low of $16.20 and a 1-year high of $30.25.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.12). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. analysts predict that Discovery Communications, Inc. will post 2.05 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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