Neuberger Berman Group LLC lowered its position in Discovery Communications, Inc. (NASDAQ:DISCA) by 83.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,859 shares of the company’s stock after selling 178,367 shares during the quarter. Neuberger Berman Group LLC’s holdings in Discovery Communications were worth $926,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. purchased a new stake in Discovery Communications in the 2nd quarter worth about $594,000. Utah Retirement Systems grew its holdings in Discovery Communications by 1.5% during the 2nd quarter. Utah Retirement Systems now owns 27,643 shares of the company’s stock valued at $714,000 after buying an additional 400 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Discovery Communications by 28.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,210 shares of the company’s stock valued at $987,000 after buying an additional 8,473 shares in the last quarter. Andra AP fonden grew its holdings in Discovery Communications by 44.9% during the 2nd quarter. Andra AP fonden now owns 66,500 shares of the company’s stock valued at $1,718,000 after buying an additional 20,600 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Discovery Communications by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 757,490 shares of the company’s stock valued at $19,566,000 after buying an additional 24,790 shares in the last quarter. 45.84% of the stock is owned by institutional investors.
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DISCA has been the subject of a number of recent analyst reports. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Moffett Nathanson reaffirmed a “sell” rating on shares of Discovery Communications in a report on Friday, June 9th. Royal Bank Of Canada set a $32.00 target price on Discovery Communications and gave the company a “buy” rating in a report on Monday, June 12th. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $28.00 target price on shares of Discovery Communications in a report on Friday, June 16th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.13.
Shares of Discovery Communications, Inc. (DISCA) opened at 21.29 on Wednesday. The company has a 50-day moving average price of $22.52 and a 200-day moving average price of $25.91. The company has a market cap of $12.14 billion, a P/E ratio of 11.29 and a beta of 1.59. Discovery Communications, Inc. has a 52-week low of $20.14 and a 52-week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company posted $0.71 earnings per share. Discovery Communications’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that Discovery Communications, Inc. will post $2.24 EPS for the current year.
In other news, Director S Decker Anstrom purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was bought at an average cost of $23.05 per share, with a total value of $230,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of $23.01 per share, with a total value of $460,200.00. Following the completion of the purchase, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $460,200. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is owned by corporate insiders.
Discovery Communications 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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