Sentry Investment Management LLC trimmed its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 8.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,337 shares of the company’s stock after selling 741 shares during the period. Sentry Investment Management LLC’s holdings in Discovery Communications were worth $225,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Karp Capital Management Corp acquired a new stake in shares of Discovery Communications in the 4th quarter valued at approximately $30,000. Smithfield Trust Co. acquired a new stake in shares of Discovery Communications in the 4th quarter valued at approximately $47,000. Rational Advisors LLC boosted its stake in shares of Discovery Communications by 26.3% in the 4th quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock valued at $50,000 after purchasing an additional 420 shares in the last quarter. Athena Capital Advisors LLC acquired a new stake in shares of Discovery Communications in the 4th quarter valued at approximately $66,000. Finally, Exane Asset Management acquired a new stake in shares of Discovery Communications in the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 34.50% of the company’s stock.
In other news, General Counsel Savalle Sims sold 16,623 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $28.57, for a total transaction of $474,919.11. Following the completion of the transaction, the general counsel now owns 48,684 shares of the company’s stock, valued at $1,390,901.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.43% of the company’s stock.
Shares of DISCA opened at $27.14 on Monday. Discovery Communications Inc. has a twelve month low of $20.59 and a twelve month high of $34.89. The stock has a market cap of $14.25 billion, a PE ratio of 12.86, a P/E/G ratio of 0.37 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.45.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts predict that Discovery Communications Inc. will post 3.79 earnings per share for the current fiscal year.
DISCA has been the subject of a number of research reports. BidaskClub upgraded shares of Discovery Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. ValuEngine upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Monday, February 4th. TheStreet upgraded shares of Discovery Communications from a “c” rating to a “b” rating in a report on Tuesday, February 26th. Credit Suisse Group raised their price objective on shares of Discovery Communications from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Finally, Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.89.
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About Discovery Communications
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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