Alyeska Investment Group L.P. bought a new position in Discovery Communications, Inc. (NASDAQ:DISCA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 898,000 shares of the company’s stock, valued at approximately $19,118,000. Alyeska Investment Group L.P. owned approximately 0.24% of Discovery Communications at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of DISCA. Tower Research Capital LLC TRC grew its position in shares of Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after acquiring an additional 3,230 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Discovery Communications in the 2nd quarter worth approximately $133,000. Flossbach Von Storch AG bought a new stake in shares of Discovery Communications in the 3rd quarter worth approximately $208,000. Montag A & Associates Inc. bought a new stake in shares of Discovery Communications in the 2nd quarter worth approximately $209,000. Finally, OLD National Bancorp IN bought a new stake in shares of Discovery Communications in the 3rd quarter worth approximately $222,000. Institutional investors own 48.25% of the company’s stock.
In other news, Director J David Wargo purchased 100,000 shares of the stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $15.76 per share, for a total transaction of $1,576,000.00. Following the transaction, the director now owns 147,591 shares in the company, valued at $2,326,034.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were purchased 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 owns 50,000 shares in the company, valued at approximately $772,500. The disclosure for this purchase can be found here. Insiders have acquired a total of 195,000 shares of company stock worth $3,071,750 in the last ninety days. 6.81% of the stock is owned by company insiders.
Several brokerages recently issued reports on DISCA. Royal Bank Of Canada reissued an “outperform” rating and issued a $24.00 price target (down previously from $29.00) on shares of Discovery Communications in a report on Friday, November 3rd. UBS raised Discovery Communications from a “sell” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $23.00 in a report on Tuesday, September 26th. Jefferies Group cut their price target on Discovery Communications from $27.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Needham & Company LLC reissued a “hold” rating on shares of Discovery Communications in a report on Thursday, October 12th. Finally, ValuEngine raised Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Five research 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. The company currently has a consensus rating of “Hold” and an average target price of $23.67.
Shares of Discovery Communications, Inc. (DISCA) opened at $19.66 on Monday. 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 firm has a market capitalization of $7,452.20, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 1.09 and a beta of 1.55. Discovery Communications, Inc. has a 12 month low of $15.99 and a 12 month high of $30.25.
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 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 net margin of 16.63% and a return on equity of 22.24%. The firm’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. equities research analysts expect that Discovery Communications, Inc. will post 1.97 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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