Discovery Communications Inc. (DISCA) Short Interest Down 7.8% in September
Discovery Communications Inc. (NASDAQ:DISCA) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 25,462,828 shares, a decrease of 7.8% from the September 15th total of 27,623,365 shares. Based on an average trading volume of 4,387,678 shares, the short-interest ratio is currently 5.8 days. Currently, 17.1% of the shares of the stock are short sold.
Several large investors have recently made changes to their positions in the company. Private Trust Co. NA raised its stake in shares of Discovery Communications by 1.3% in the third quarter. Private Trust Co. NA now owns 28,562 shares of the company’s stock worth $768,000 after buying an additional 363 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Discovery Communications during the third quarter worth $256,000. Nisa Investment Advisors LLC raised its stake in shares of Discovery Communications by 12.8% in the third quarter. Nisa Investment Advisors LLC now owns 41,333 shares of the company’s stock worth $1,113,000 after buying an additional 4,676 shares during the last quarter. British Columbia Investment Management Corp raised its stake in shares of Discovery Communications by 107.5% in the third quarter. British Columbia Investment Management Corp now owns 112,255 shares of the company’s stock worth $3,022,000 after buying an additional 58,165 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Discovery Communications by 34.3% in the third quarter. Fisher Asset Management LLC now owns 606,930 shares of the company’s stock worth $16,339,000 after buying an additional 155,063 shares during the last quarter. Hedge funds and other institutional investors own 40.59% of the company’s stock.
Discovery Communications (NASDAQ:DISCA) opened at 25.68 on Friday. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 13.96 and a beta of 1.59. The company’s 50-day moving average is $25.84 and its 200 day moving average is $26.57. Discovery Communications has a 52 week low of $23.66 and a 52 week high of $31.80.
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Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The firm earned $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, analysts forecast that Discovery Communications will post $1.97 EPS for the current fiscal year.
A number of analysts have recently weighed in on the stock. Nomura cut their price target on shares of Discovery Communications from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, October 3rd. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. FBR & Co reaffirmed a “hold” rating on shares of Discovery Communications in a report on Thursday, August 4th. Barrington Research cut shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 29th. Finally, MKM Partners upped their price objective on shares of Discovery Communications from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.15.
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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