The Advisors Asset Management Inc. Sells 6,879 Shares of Discovery Communications Inc. (DISCA)

The Advisors Asset Management Inc. Sells 6,879 Shares of Discovery Communications Inc. (DISCA)

Other institutional investors have also recently modified their holdings of the company. AMP Capital Investors Ltd increased its position in shares of Discovery Communications by 12.3% in the third quarter. AMP Capital Investors Ltd now owns 41,048 shares of the company’s stock valued at $1,100,000 after buying an additional 4,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Discovery Communications by 121.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,376 shares of the company’s stock valued at $791,000 after buying an additional 16,123 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new position in shares of Discovery Communications during the third quarter valued at approximately $105,000. 1832 Asset Management L.P. purchased a new position in shares of Discovery Communications during the third quarter valued at approximately $3,890,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Discovery Communications during the third quarter valued at approximately $1,576,000. Institutional investors own 41.96% of the company’s stock.

Advisors Asset Management Inc. lowered its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 56.1% during the first quarter, Holdings Channel reports. The fund owned 5,392 shares of the company’s stock after selling 6,879 shares during the period. Advisors Asset Management Inc.’s holdings in Discovery Communications were worth $157,000 at the end of the most recent reporting period.

Shares of Discovery Communications Inc. (NASDAQ DISCA) opened at 26.49 on Monday. Discovery Communications Inc. has a 12 month low of $23.66 and a 12 month high of $30.25. The stock has a 50 day moving average of $27.12 and a 200 day moving average of $27.86. The stock has a market cap of $11.74 billion, a PE ratio of 13.85 and a beta of 1.60.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. On average, equities analysts anticipate that Discovery Communications Inc. will post $2.28 earnings per share for the current fiscal year.

Several equities analysts recently commented on DISCA shares. Deutsche Bank AG started coverage on shares of Discovery Communications in a report on Friday, February 10th. They set a “hold” rating and a $32.00 price target on the stock. Pivotal Research reiterated a “hold” rating and set a $27.00 price target on shares of Discovery Communications in a report on Wednesday, February 15th. Jefferies Group LLC reiterated a “hold” rating and set a $28.00 price target on shares of Discovery Communications in a report on Wednesday, February 22nd. Loop Capital downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a report on Wednesday, February 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $29.29.

In related news, Director Paul A. Gould sold 8,832 shares of Discovery Communications stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $25.98, for a total value of $229,455.36. Following the completion of the transaction, the director now owns 188,676 shares in the company, valued at $4,901,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.78% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DISCA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding DISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications Inc. (NASDAQ:DISCA). Receive News & Ratings for Discovery Communications Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Discovery Communications Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding DISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications Inc. (NASDAQ:DISCA).

Related posts

Leave a Comment