Sustainable Insight Capital Management LLC increased its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 56.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,500 shares of the company’s stock after purchasing an additional 37,100 shares during the quarter. Discovery Communications accounts for 3.7% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Sustainable Insight Capital Management LLC’s holdings in Discovery Communications were worth $3,147,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of DISCA. Voit & Company LLC raised its holdings in shares of Discovery Communications by 3.2% in the first quarter. Voit & Company LLC now owns 15,900 shares of the company’s stock worth $430,000 after acquiring an additional 500 shares during the last quarter. Coastal Investment Advisors Inc. raised its holdings in shares of Discovery Communications by 10.9% in the second quarter. Coastal Investment Advisors Inc. now owns 10,553 shares of the company’s stock worth $322,000 after acquiring an additional 1,038 shares during the last quarter. First Interstate Bank raised its holdings in shares of Discovery Communications by 1,052.1% in the second quarter. First Interstate Bank now owns 3,272 shares of the company’s stock worth $101,000 after acquiring an additional 2,988 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Discovery Communications by 4.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 74,397 shares of the company’s stock worth $2,010,000 after acquiring an additional 3,508 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Discovery Communications by 291.4% in the first quarter. US Bancorp DE now owns 55,249 shares of the company’s stock worth $1,493,000 after acquiring an additional 41,133 shares during the last quarter. 35.20% of the stock is owned by hedge funds and other institutional investors.
In other Discovery Communications news, General Counsel Savalle Sims sold 3,085 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total transaction of $93,105.30. Following the completion of the sale, the general counsel now owns 46,388 shares of the company’s stock, valued at $1,399,989.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel E. Sanchez sold 1,059 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $28.40, for a total value of $30,075.60. Following the sale, the director now directly owns 16,789 shares of the company’s stock, valued at approximately $476,807.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,144 shares of company stock valued at $412,081. Company insiders own 4.43% of the company’s stock.
Shares of NASDAQ:DISCA traded down $0.20 during midday trading on Thursday, reaching $28.08. The company’s stock had a trading volume of 99,388 shares, compared to its average volume of 4,374,869. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.41 and a beta of 1.53. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Communications Inc. has a 1 year low of $23.79 and a 1 year high of $34.89. The business has a 50 day moving average price of $30.39 and a 200 day moving average price of $29.20.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Discovery Communications had a net margin of 15.62% and a return on equity of 21.53%. Discovery Communications’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. Sell-side analysts anticipate that Discovery Communications Inc. will post 3.6 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on DISCA. ValuEngine cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Imperial Capital boosted their price target on Discovery Communications from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, June 24th. Wolfe Research cut Discovery Communications from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 30th. Finally, BidaskClub cut Discovery Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.96.
Discovery Communications Company Profile
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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