SOL Capital Management CO Buys New Stake in Discovery Communications, Inc. (DISCA)

SOL Capital Management CO Buys New Stake in Discovery Communications, Inc. (DISCA)

SOL Capital Management CO bought a new stake in Discovery Communications, Inc. (NASDAQ:DISCA) during the third quarter, according to its most recent filing with the SEC. The firm bought 7,587 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB boosted its stake in Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock worth $104,000 after buying an additional 381 shares during the period. Pacer Advisors Inc. boosted its stake in Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock valued at $114,000 after buying an additional 160 shares during the last quarter. Advisor Group Inc. bought a new stake in Discovery Communications during the second quarter valued at $116,000. Tredje AP fonden bought a new stake in Discovery Communications during the second quarter valued at $188,000. Finally, First Allied Advisory Services Inc. bought a new stake in Discovery Communications during the second quarter valued at $218,000. 41.95% of the stock is currently owned by hedge funds and other institutional investors.

Discovery Communications, Inc. (NASDAQ:DISCA) opened at 28.06 on Friday. The company has a market capitalization of $12.82 billion, a PE ratio of 15.86 and a beta of 1.59. Discovery Communications, Inc. has a 12 month low of $23.66 and a 12 month high of $29.75. The stock’s 50 day moving average is $27.94 and its 200-day moving average is $26.60.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.02. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company posted $0.47 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts expect that Discovery Communications, Inc. will post $1.91 EPS for the current year.

Several equities research analysts recently weighed in on DISCA shares. Barclays PLC cut shares of Discovery Communications from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 5th. Credit Suisse Group cut shares of Discovery Communications from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $25.00 to $23.00 in a research note on Tuesday, January 10th. Zacks Investment Research cut shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Discovery Communications in a research note on Thursday, October 13th. Finally, Pivotal Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating and reduced their target price for the company from $33.00 to $28.00 in a research note on Thursday, January 12th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.50.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

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