Discovery Communications Inc. (NASDAQ:DISCK) saw unusually large options trading on Thursday. Traders acquired 9,798 put options on the company. This is an increase of 3,144% compared to the typical volume of 302 put options.
Shares of Discovery Communications (NASDAQ:DISCK) opened at $24.43 on Friday. Discovery Communications has a one year low of $14.99 and a one year high of $29.18. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The firm has a market capitalization of $9,184.48, a PE ratio of 12.79 and a beta of 1.42.
Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.10). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. equities research analysts anticipate that Discovery Communications will post 2.17 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Discovery Communications by 46.0% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,871 shares of the company’s stock valued at $463,000 after acquiring an additional 7,208 shares in the last quarter. Seizert Capital Partners LLC raised its stake in shares of Discovery Communications by 15.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 3,750,499 shares of the company’s stock valued at $75,985,000 after acquiring an additional 513,183 shares in the last quarter. United States Steel & Carnegie Pension Fund raised its stake in shares of Discovery Communications by 19.7% in the 3rd quarter. United States Steel & Carnegie Pension Fund now owns 3,043,056 shares of the company’s stock valued at $61,652,000 after acquiring an additional 500,000 shares in the last quarter. K2 Principal Fund L.P. bought a new position in shares of Discovery Communications in the 2nd quarter valued at approximately $358,000. Finally, Atlantic Trust Group LLC raised its stake in shares of Discovery Communications by 8.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 344,693 shares of the company’s stock valued at $6,984,000 after acquiring an additional 27,242 shares in the last quarter. 48.07% of the stock is currently owned by institutional investors and hedge funds.
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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.
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