Discovery Communications Inc. (DISCA) Short Interest Update

Discovery Communications Inc. (NASDAQ:DISCA) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 31,450,459 shares, a growth of 7.7% from the October 15th total of 29,188,796 shares. Approximately 20.7% of the shares of the stock are sold short. Based on an average trading volume of 4,776,019 shares, the days-to-cover ratio is presently 6.6 days.

In other Discovery Communications news, insider Bruce Campbell sold 31,462 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $30.00, for a total transaction of $943,860.00. Following the sale, the insider now owns 72,256 shares of the company’s stock, valued at $2,167,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kenneth W. Lowe sold 183,621 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $25.58, for a total transaction of $4,697,025.18. Following the sale, the director now directly owns 1,331,277 shares in the company, valued at approximately $34,054,065.66. The disclosure for this sale can be found here. Insiders sold 317,374 shares of company stock worth $8,811,521 over the last three months. 6.73% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. FMR LLC lifted its holdings in Discovery Communications by 7.6% in the third quarter. FMR LLC now owns 11,974,666 shares of the company’s stock valued at $383,189,000 after buying an additional 841,302 shares during the period. Northern Trust Corp lifted its holdings in Discovery Communications by 8.1% in the second quarter. Northern Trust Corp now owns 2,013,314 shares of the company’s stock valued at $55,366,000 after buying an additional 150,291 shares during the period. Strs Ohio lifted its holdings in Discovery Communications by 0.5% in the second quarter. Strs Ohio now owns 1,685,726 shares of the company’s stock valued at $46,357,000 after buying an additional 8,647 shares during the period. Schroder Investment Management Group lifted its holdings in Discovery Communications by 68.7% in the second quarter. Schroder Investment Management Group now owns 1,056,200 shares of the company’s stock valued at $30,080,000 after buying an additional 430,300 shares during the period. Finally, Unigestion Holding SA acquired a new position in Discovery Communications in the second quarter valued at $23,579,000. Institutional investors own 37.19% of the company’s stock.

Shares of NASDAQ:DISCA opened at $32.98 on Friday. The firm has a market cap of $17.39 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.84. Discovery Communications has a 52 week low of $15.99 and a 52 week high of $34.89.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.60 billion. Discovery Communications had a positive return on equity of 17.68% and a negative net margin of 8.28%. Discovery Communications’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts anticipate that Discovery Communications will post 2.63 earnings per share for the current year.

A number of research firms have weighed in on DISCA. BidaskClub cut shares of Discovery Communications from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 18th. MKM Partners boosted their target price on shares of Discovery Communications to $40.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. ValuEngine cut shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 19th. Pivotal Research reaffirmed a “hold” rating and set a $26.00 target price on shares of Discovery Communications in a research note on Tuesday, August 7th. Finally, Citigroup boosted their target price on shares of Discovery Communications from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.22.

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Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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