March 22, 2018

Newhouse Broadcasting Corp Owns Stake in Discovery Communications, Inc. (NASDAQ:DISCK)

12 August 2017, 09:11 | Melvin Schneider

The institutional investor owned 20,440 shares of the company's stock after selling 1,960 shares during the period. The legal version of this report can be viewed at

Other large investors have also modified their holdings of the company. The Average True Range (ATR) shows a value of 0.73. Ardevora Asset Management LLP owned about 0.31% of Discovery Communications worth $34,940,000 as of its most recent filing with the SEC. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Discovery Communications by 0.9% in the first quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Discovery Communications by 0.3% in the first quarter. Finally, Vanguard Group Inc. raised its position in Discovery Communications by 5.4% in the first quarter. Proshare Advisors LLC owns 81,247 shares worth $2,048,000.

Discovery Communications, Inc. has a 52 week low of $22.82 and a 52 week high of $30.25.

The company is unchanged by 0.00% since yesterday's close of $21.93. 3,274,392 shares of the company were exchanged. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 12.15 and a beta of 1.59. Discovery Communications has recorded a 50-day average of $25.69 and a two hundred day average of $27.18. (NASDAQ DISCA) opened at 22.91 on Friday. In the latest earnings report the EPS was $1.88 and is estimated to be $2.13 for the current year with 570,000,000 shares now outstanding.

Boasting a price of $22.99, Discovery Communications (NDAQ:DISCA) traded 0.00% even on the day. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.76 billion. The company's 5 year Earnings per share growth and Capital Spending growth remains at -6.96 and 8.7. In contrast to the year ago quarter EPS was at 0.56. Equities analysts predict that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

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Discovery Communications, Inc. (DISCK) holds floating shares of 351.33 million. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and worldwide trademark and copyright legislation. (NASDAQ:DISCA). Maryland-based Sandy Spring Bank & Trust has invested 0.01% in Discovery Communications Inc. Piper Jaffray Companies assumed coverage on Discovery Communications in a research report on Friday. MKM Partners reaffirmed a "neutral" rating and issued a $26.00 target price (down previously from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Discovery Communications from a "hold" rating to a "sell" rating in a report on Thursday, May 4th. Finally, Barrington Research restated a "market perform" rating on shares of Discovery Communications in a report on Tuesday, August 1st.

Hotchkis & Wiley Capital Management LLC says it bought 917,632 shares during the last quarter increasing its stake in Discovery Communications, Inc. The corporation has a average recommendation of "Hold" and a consensus price objective of $29.00.

In related news, Director S Decker Anstrom purchased 10,000 shares of the firm's stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average cost of $23.05 per share, with a total value of $230,500.00. It also increased its holding in Raytheon Co (NYSE:RTN) by 15,494 shares in the quarter, for a total of 259,817 shares, and has risen its stake in Morgan Stanley (NYSE:MS). Following the acquisition, the chief financial officer now owns 20,000 shares in the company, valued at approximately $460,200. The disclosure for this sale can be found here. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.

ValuEngine lowered the stock of Discovery Communications from a "buy" recommendation to a "hold" recommendation in a analysis note on Friday morning, Jun 2nd.

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