New Amsterdam Partners LLC NY decreased its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 109,907 shares of the company’s stock after selling 9,648 shares during the period. New Amsterdam Partners LLC NY’s holdings in Discovery Communications were worth $3,517,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of DISCA. Truvestments Capital LLC acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $122,000. FNY Investment Advisers LLC acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $172,000. Dupont Capital Management Corp grew its holdings in shares of Discovery Communications by 108.8% in the 2nd quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock valued at $165,000 after buying an additional 3,132 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $200,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $202,000. Institutional investors own 37.19% of the company’s stock.
Shares of NASDAQ DISCA opened at $33.08 on Thursday. The firm has a market capitalization of $17.39 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.56 and a beta of 1.24. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.45 and a quick ratio of 1.45. Discovery Communications Inc. has a 1-year low of $15.99 and a 1-year high of $34.06.
In other Discovery Communications news, Director Kenneth W. Lowe sold 183,621 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were 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 of the company’s stock, valued at approximately $34,054,065.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kurt Wehner sold 7,233 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $30.04, for a total transaction of $217,279.32. Following the sale, the insider now directly owns 18,844 shares in the company, valued at $566,073.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,374 shares of company stock valued at $8,811,521. Company insiders own 6.73% of the company’s stock.
Several equities analysts have recently issued reports on the stock. MKM Partners boosted their price target on shares of Discovery Communications to $40.00 and gave the company a “buy” rating in a report on Monday. Credit Suisse Group raised shares of Discovery Communications from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $40.00 in a report on Wednesday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Discovery Communications to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 10th. They noted that the move was a valuation call. Macquarie set a $38.00 price target on shares of Discovery Communications and gave the company a “buy” rating in a report on Friday, September 14th. Finally, Pivotal Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating and set a $26.00 price target for the company. in a report on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Discovery Communications has an average rating of “Buy” and a consensus target price of $31.38.
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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