Discovery Communications Sees Unusually Large Options Volume (DISCK)

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.

A number of research firms have recently weighed in on DISCK. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Morgan Stanley cut their price target on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Finally, BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $25.50.

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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