Quad Capital Management Advisors LLC purchased a new position in shares of Discovery Inc (NASDAQ:DISCA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $560,000.
A number of other large investors also recently bought and sold shares of DISCA. Bank of New York Mellon Corp raised its stake in shares of Discovery by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after acquiring an additional 1,297,175 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Discovery during the 4th quarter valued at $29,029,000. Alyeska Investment Group L.P. acquired a new stake in Discovery during the 3rd quarter valued at $19,118,000. Schroder Investment Management Group grew its holdings in Discovery by 2,638.6% during the 4th quarter. Schroder Investment Management Group now owns 879,100 shares of the company’s stock valued at $19,674,000 after purchasing an additional 847,000 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Discovery by 4.0% during the 4th quarter. Clearbridge Investments LLC now owns 18,325,805 shares of the company’s stock valued at $410,132,000 after purchasing an additional 709,288 shares in the last quarter. 48.77% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Discovery from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Bank of America raised shares of Discovery from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, December 21st. Barrington Research reissued a “buy” rating and set a $30.00 price objective on shares of Discovery in a report on Tuesday, February 27th. Zacks Investment Research raised shares of Discovery from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, March 15th. Finally, Barclays raised shares of Discovery from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $18.00 to $23.00 in a report on Monday, March 12th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Discovery has a consensus rating of “Hold” and a consensus price target of $25.05.
Shares of NASDAQ:DISCA opened at $22.62 on Friday. The stock has a market capitalization of $8,642.56, a P/E ratio of 11.37, a PEG ratio of 0.85 and a beta of 1.54. Discovery Inc has a fifty-two week low of $15.99 and a fifty-two week high of $30.25. The company has a debt-to-equity ratio of 3.20, a quick ratio of 5.34 and a current ratio of 5.34.
Discovery (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.78 billion. Discovery had a negative net margin of 4.90% and a positive return on equity of 21.68%. Discovery’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. research analysts expect that Discovery Inc will post 2.81 earnings per share for the current fiscal year.
In other news, General Counsel Savalle Sims sold 2,571 shares of Discovery stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $24.08, for a total value of $61,909.68. Following the transaction, the general counsel now owns 36,640 shares of the company’s stock, valued at approximately $882,291.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adria Alpert-Romm sold 16,238 shares of Discovery stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $22.61, for a total transaction of $367,141.18. Following the completion of the transaction, the insider now directly owns 33,463 shares in the company, valued at approximately $756,598.43. The disclosure for this sale can be found here. Insiders have sold a total of 39,482 shares of company stock worth $913,006 over the last 90 days. 6.81% of the stock is owned by insiders.
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Discovery, Inc, formerly Discovery Communications, Inc, 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.
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