First Quadrant L P CA grew its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 29.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,072,139 shares of the company’s stock after buying an additional 242,266 shares during the period. First Quadrant L P CA owned 0.19% of Discovery Communications worth $21,722,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank increased its position in shares of Discovery Communications by 0.8% during the second quarter. Swiss National Bank now owns 795,274 shares of the company’s stock valued at $20,049,000 after buying an additional 6,300 shares during the period. Seizert Capital Partners LLC increased its position in shares of Discovery Communications by 11.2% during the second quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock valued at $81,613,000 after buying an additional 325,593 shares during the period. Teachers Advisors LLC increased its position in shares of Discovery Communications by 1.1% during the first quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock valued at $13,380,000 after buying an additional 5,324 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Discovery Communications by 482.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 35,398 shares of the company’s stock valued at $892,000 after buying an additional 29,322 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Discovery Communications by 24.7% during the second quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock valued at $3,529,000 after buying an additional 27,714 shares during the period. Hedge funds and other institutional investors own 45.66% of the company’s stock.
Discovery Communications, Inc. (NASDAQ DISCK) opened at 17.98 on Monday. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 9.54 and a beta of 1.44. Discovery Communications, Inc. has a one year low of $17.58 and a one year high of $29.18. The stock’s 50 day moving average price is $19.55 and its 200 day moving average price is $23.48.
Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). The business had revenue of $1.75 billion for the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Equities analysts predict that Discovery Communications, Inc. will post $2.23 earnings per share for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. BidaskClub lowered Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Morgan Stanley cut their price objective on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, ValuEngine raised Discovery Communications from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.50.
About Discovery Communications
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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