Discovery Communications, Inc. (NASDAQ:DISCA) Position Increased by Cubic Asset Management LLC

Paterniano Del Favero
Agosto 10, 2017

Discovery Communications Inc. (NASDAQ:DISCA) has declined 0.88% since August 9, 2016 and is downtrending. (NASDAQ:DISCK) by 482.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 387,472 shares of the company's stock after selling 107,560 shares during the period. Cubic Asset Management LLC's holdings in Discovery Communications were worth $2,987,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 44.31% of the company's stock. NE raised its stake in Discovery Communications by 0.4% 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 during the period. Norges Bank bought a new position in Discovery Communications during the fourth quarter valued at $40,919,000. Schwartz Inv Counsel Inc has 1.07% invested in Discovery Communications Inc.

The company is down by -11.72 percent from yesterday's close. The value of the total investment in Discovery Communications, Inc. decreased from $73,872,000 to $67,760,000 a change of $6,112,000 since the last quarter. UBS Asset Management Americas Inc. now owns 1,038,265 shares of the company's stock worth $28,458,000 after buying an additional 35,018 shares during the last quarter.

10/13/2014 - Discovery Communications, Inc. had its "hold" rating reiterated by analysts at Jefferies. Since the open, shares have moved -2.58% after recently hitting the $23.38 mark. During the last 52 weeks, the price has been as high as $30.25 and as low as $23.68.

Discovery Communications, Inc. now has a P/E ratio of 12.33 and the market cap is 13.25B.

2145021 shares were traded on Discovery Communications, Inc.'s last session. The company reported $0.68 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.04. Discovery Communications had a net margin of 21.78% and a return on equity of 18.47%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Of the analysts surveyed by Reuters that track Discovery Communications, Inc. On average, equities analysts anticipate that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

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DISCK has been the subject of a number of other research reports. TheStreet downgraded Discovery Communications from a "b-" rating to a "c+" rating in a research report on Wednesday, May 17th. Zacks Investment Research cut shares of Discovery Communications from a "hold" rating to a "sell" rating in a research report on Thursday, May 4th. BidaskClub lowered shares of Discovery Communications from a "hold" rating to a "sell" rating in a report on Thursday, July 27th. A 0 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of ETSY or, if they already own its stock, sell it. Topeka Capital Markets downgraded it to "Hold" rating and $31 target in Monday, April 25 report. 2,339,221 shares of the stock traded hands. The stock was bought at an average cost of $23.05 per share, with a total value of $230,500.00. Also, CFO Gunnar Wiedenfels purchased 20,000 shares of Discovery Communications stock in a transaction that occurred on Tuesday, August 1st. Following the completion of the purchase, the chief financial officer now owns 20,000 shares in the company, valued at $460,200. The disclosure for this purchase can be found here.

Discovery Communications, Inc. (NASDAQ:DISCA) tumbled -11.35% year-to-date.

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