Pegasus Partners Ltd. boosted its holdings in Discovery Communications, Inc. (NASDAQ:DISCA) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,537 shares of the company’s stock after purchasing an additional 22,502 shares during the period. Pegasus Partners Ltd.’s holdings in Discovery Communications were worth $3,226,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of DISCA. Bank of New York Mellon Corp lifted its stake in Discovery Communications by 12.2% in the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after purchasing an additional 1,297,175 shares during the last quarter. FMR LLC increased its position in shares of Discovery Communications by 32.7% in the second quarter. FMR LLC now owns 4,938,569 shares of the company’s stock valued at $127,563,000 after acquiring an additional 1,216,517 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Discovery Communications by 5.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock valued at $480,599,000 after acquiring an additional 917,632 shares during the period. Vanguard Group Inc. increased its position in shares of Discovery Communications by 5.4% in the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after acquiring an additional 858,015 shares during the period. Finally, Bridgewater Associates LP purchased a new position in shares of Discovery Communications in the second quarter valued at about $14,672,000. 48.25% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on DISCA shares. Pivotal Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, August 8th. Piper Jaffray Companies started coverage on shares of Discovery Communications in a research report on Friday, August 11th. They issued a “neutral” rating and a $27.00 price objective on the stock. Royal Bank Of Canada decreased their price objective on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. BidaskClub cut shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.67.
In related news, CFO Gunnar Wiedenfels acquired 15,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at $772,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J David Wargo acquired 80,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average price of $15.80 per share, for a total transaction of $1,264,000.00. Following the transaction, the director now owns 147,591 shares of the company’s stock, valued at $2,331,937.80. The disclosure for this purchase can be found here. In the last quarter, insiders bought 195,000 shares of company stock worth $3,071,750. Insiders own 6.81% of the company’s stock.
Shares of Discovery Communications, Inc. (DISCA) opened at $19.86 on Wednesday. Discovery Communications, Inc. has a 52 week low of $15.99 and a 52 week high of $30.25. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The company has a market cap of $7,903.28, a PE ratio of 10.02, a P/E/G ratio of 1.16 and a beta of 1.55.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. analysts expect that Discovery Communications, Inc. will post 1.97 EPS for the current fiscal year.
About Discovery Communications
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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