NN Investment Partners Holdings N.V. raised its position in Discovery Communications, Inc. (NASDAQ:DISCA) by 1,761.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,305 shares of the company’s stock after buying an additional 15,429 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Discovery Communications were worth $422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DISCA. Mn Services Vermogensbeheer B.V. boosted its position in shares of Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock worth $106,000 after buying an additional 215 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock valued at $132,000 after buying an additional 900 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Discovery Communications during the first quarter valued at approximately $134,000. Ameritas Investment Partners Inc. bought a new stake in shares of Discovery Communications during the first quarter valued at approximately $182,000. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Discovery Communications during the first quarter valued at approximately $189,000. Hedge funds and other institutional investors own 44.31% of the company’s stock.

Shares of Discovery Communications, Inc. (NASDAQ:DISCA) traded up 1.94% during mid-day trading on Monday, hitting $24.19. 4,118,598 shares of the stock were exchanged. The stock has a market cap of $13.79 billion, a PE ratio of 12.83 and a beta of 1.59. Discovery Communications, Inc. has a 12 month low of $23.77 and a 12 month high of $30.25. The stock’s 50 day moving average is $26.10 and its 200-day moving average is $27.36.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the company earned $0.71 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Discovery Communications, Inc. will post $2.23 EPS for the current year.

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Several analysts have commented on the stock. TheStreet lowered shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Thursday, May 18th. MKM Partners reissued a “neutral” rating and issued a $26.00 price target (down previously from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. Cowen and Company reissued a “hold” rating and issued a $29.00 price target on shares of Discovery Communications in a research note on Tuesday, July 11th. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.33.

In other news, CFO Gunnar Wiedenfels bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at $460,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce Campbell sold 9,283 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The disclosure for this sale can be found here. Corporate insiders own 5.78% of the company’s stock.

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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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