AT Bancorp Cuts Position in Discovery Communications Inc. (DISCA)
AT Bancorp cut its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 26.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,392 shares of the company’s stock after selling 22,076 shares during the period. AT Bancorp’s holdings in Discovery Communications were worth $1,626,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its position in shares of Discovery Communications by 50.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 15,522,485 shares of the company’s stock worth $391,632,000 after buying an additional 5,175,467 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Discovery Communications by 3.6% in the second quarter. Vanguard Group Inc. now owns 14,263,250 shares of the company’s stock worth $359,862,000 after buying an additional 499,989 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Discovery Communications by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 9,458,803 shares of the company’s stock worth $238,645,000 after buying an additional 437,438 shares during the last quarter. State Street Corp raised its position in shares of Discovery Communications by 10.1% in the second quarter. State Street Corp now owns 6,623,850 shares of the company’s stock worth $167,122,000 after buying an additional 606,238 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Discovery Communications by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,878,227 shares of the company’s stock worth $97,848,000 after buying an additional 14,630 shares during the last quarter. Institutional investors and hedge funds own 41.41% of the company’s stock.
Discovery Communications Inc. (NASDAQ:DISCA) traded down 1.16% on Monday, hitting $27.22. 2,467,639 shares of the company’s stock were exchanged. The stock has a market cap of $12.44 billion, a P/E ratio of 15.39 and a beta of 1.60. The firm has a 50 day moving average price of $26.43 and a 200-day moving average price of $26.13. Discovery Communications Inc. has a 52-week low of $23.66 and a 52-week high of $31.38.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.02. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Analysts predict that Discovery Communications Inc. will post $1.91 earnings per share for the current fiscal year.
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A number of research analysts have issued reports on DISCA shares. Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Barrington Research downgraded shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a report on Thursday, September 29th. Jefferies Group reaffirmed a “hold” rating on shares of Discovery Communications in a report on Monday, August 29th. Argus downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Finally, Nomura cut their price target on shares of Discovery Communications from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, October 3rd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.15.
Discovery Communications Company 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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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