First Manhattan Co. increased its stake in Discovery Communications, Inc. (NASDAQ:DISCK) by 30.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,806,374 shares of the company’s stock after buying an additional 651,642 shares during the period. First Manhattan Co. owned 0.63% of Discovery Communications worth $70,748,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of DISCK. Meeder Asset Management Inc. bought a new stake in shares of Discovery Communications during the first quarter valued at $178,000. Daiwa Securities Group Inc. raised its stake in shares of Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock valued at $180,000 after buying an additional 950 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock valued at $187,000 after buying an additional 6,039 shares in the last quarter. Trust Co. of Oklahoma bought a new stake in shares of Discovery Communications during the first quarter valued at $209,000. Finally, Weik Investment Services Inc. bought a new stake in shares of Discovery Communications during the first quarter valued at $209,000. 46.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Discovery Communications, Inc. (DISCK) traded down 0.27% on Friday, reaching $21.87. The company had a trading volume of 2,111,494 shares. The company has a 50-day moving average price of $24.76 and a 200-day moving average price of $26.44. The firm has a market cap of $12.47 billion, a P/E ratio of 11.60 and a beta of 1.47. Discovery Communications, Inc. has a one year low of $21.75 and a one year high of $29.18.
Discovery Communications (NASDAQ:DISCK) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. The firm had revenue of $1.75 billion for the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. On average, analysts expect that Discovery Communications, Inc. will post $2.24 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the company. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. TheStreet lowered Discovery Communications from a “b-” rating to a “c+” rating in a report on Wednesday, May 17th. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.
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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