Public Employees Retirement Association of Colorado Sells 8,025 Shares of Discovery Communications, Inc. (DISCA)

Public Employees Retirement Association of Colorado lowered its holdings in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 35.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,630 shares of the company’s stock after selling 8,025 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Discovery Communications were worth $311,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of Discovery Communications by 437.1% during the 2nd 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 last quarter. Ballentine Partners LLC bought a new position in shares of Discovery Communications during the 2nd quarter valued at $133,000. Montag A & Associates Inc. bought a new position in shares of Discovery Communications during the 2nd quarter valued at $209,000. MUFG Americas Holdings Corp grew its holdings in shares of Discovery Communications by 13.9% during the 2nd 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 last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of Discovery Communications by 5.6% during the 2nd quarter. LS Investment Advisors LLC now owns 9,084 shares of the company’s stock valued at $235,000 after purchasing an additional 484 shares during the last quarter. 45.34% of the stock is currently owned by institutional investors.

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In other news, CFO Gunnar Wiedenfels acquired 15,000 shares of Discovery Communications stock in a transaction on Friday, November 3rd. The stock was acquired at an average cost of $15.45 per share, for a total transaction of $231,750.00. Following the purchase, the chief financial officer now owns 50,000 shares in the company, valued at $772,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul J. Guagliardo acquired 10,000 shares of Discovery Communications stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at approximately $227,100. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 205,000 shares of company stock valued at $3,298,850. 6.81% of the stock is owned by company insiders.

DISCA has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $24.00 price target (down previously from $29.00) on shares of Discovery Communications in a research report on Friday, November 3rd. 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 previously from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. UBS AG raised shares of Discovery Communications from a “sell” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $23.00 in a research report on Tuesday, September 26th. Finally, Jefferies Group LLC dropped their price target on shares of Discovery Communications from $27.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.27.

Discovery Communications, Inc. (NASDAQ:DISCA) opened at $16.28 on Wednesday. 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 stock has a market cap of $6,440.13, a PE ratio of 8.17, a P/E/G ratio of 0.91 and a beta of 1.55. Discovery Communications, Inc. has a 12 month low of $16.20 and a 12 month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion during 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 firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. analysts anticipate that Discovery Communications, Inc. will post 2.05 earnings per share for the current 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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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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