APG Asset Management N.V. raised its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 23.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,146,900 shares of the company’s stock after acquiring an additional 217,600 shares during the period. APG Asset Management N.V. owned approximately 0.20% of Discovery Communications worth $24,418,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in 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 acquired a new position in Discovery Communications in the second quarter worth about $133,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Discovery Communications by 112.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after purchasing an additional 3,700 shares in the last quarter. Montag A & Associates Inc. bought a new position in Discovery Communications in the second quarter worth about $209,000. Finally, MUFG Americas Holdings Corp lifted its holdings in Discovery Communications by 13.9% in the second quarter. MUFG Americas Holdings Corp now owns 8,997 shares of the company’s stock worth $232,000 after acquiring an additional 1,100 shares during the last quarter. 45.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Discovery Communications, Inc. (NASDAQ:DISCA) traded down $0.20 during mid-day trading on Tuesday, reaching $16.99. 4,086,200 shares of the company’s stock were exchanged, compared to its average volume of 3,677,577. The company has a market cap of $6,515.94, a price-to-earnings ratio of 8.26, a PEG ratio of 0.92 and a beta of 1.55. Discovery Communications, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $30.25. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56.
Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts anticipate that Discovery Communications, Inc. will post 2.05 EPS for the current year.
In other news, Director J David Wargo bought 80,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $15.80 per share, with a total value of $1,264,000.00. Following the transaction, the director now directly owns 147,591 shares in the company, valued at $2,331,937.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul J. Guagliardo bought 10,000 shares of Discovery Communications stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $227,100. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 205,000 shares of company stock valued at $3,298,850. 6.81% of the stock is currently owned by company insiders.
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A number of equities research analysts have recently weighed in on the company. MKM Partners reaffirmed a “neutral” rating and set a $26.00 price target (down previously from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. B. Riley restated a “neutral” rating and set a $19.00 price target (down from $23.00) on shares of Discovery Communications in a report on Wednesday, November 1st. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research report on Wednesday, August 2nd. Royal Bank Of Canada cut their target price 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. Finally, Pivotal Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus price target of $24.27.
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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