Discovery Communications, Inc. (NASDAQ:DISCA) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 35,865,303 shares, a growth of 21.8% from the July 14th total of 29,455,616 shares. Based on an average daily trading volume, of 7,807,976 shares, the days-to-cover ratio is currently 4.6 days. Currently, 23.8% of the company’s shares are short sold.

Several equities analysts have weighed in on DISCA shares. Pivotal Research reaffirmed a “hold” rating and set a $28.00 price target (up previously from $27.00) on shares of Discovery Communications in a research report on Sunday, April 23rd. TheStreet raised Discovery Communications from a “c+” rating to a “b-” rating in a research report on Thursday, April 20th. Citigroup Inc. raised Discovery Communications from a “sell” rating to a “neutral” rating in a research report on Thursday, April 20th. Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $30.00 price target (up previously from $27.00) on shares of Discovery Communications in a research report on Tuesday, May 2nd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.25.

Shares of Discovery Communications (NASDAQ:DISCA) opened at 22.91 on Monday. Discovery Communications has a 12 month low of $22.82 and a 12 month high of $30.25. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 12.15 and a beta of 1.59. The company has a 50-day moving average price of $25.61 and a 200-day moving average price of $27.14.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the 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 firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company posted $0.71 earnings per share. Discovery Communications’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts forecast that Discovery Communications will post $2.24 earnings per share for the current fiscal year.

In related news, CFO Gunnar Wiedenfels bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bruce Campbell sold 9,283 shares of the stock in a transaction dated 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.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Discovery Communications by 2,394.5% in the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock worth $271,875,000 after buying an additional 8,971,338 shares during the last quarter. Bank of New York Mellon Corp raised its position in Discovery Communications by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 10,967,133 shares of the company’s stock worth $319,034,000 after buying an additional 1,848,329 shares during the last quarter. Strs Ohio raised its position in Discovery Communications by 59,357.5% in the first quarter. Strs Ohio now owns 1,277,148 shares of the company’s stock worth $37,152,000 after buying an additional 1,275,000 shares during the last quarter. FMR LLC raised its position in Discovery Communications by 32.7% in the second quarter. FMR LLC now owns 4,938,569 shares of the company’s stock worth $127,563,000 after buying an additional 1,216,517 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Discovery Communications by 5.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after buying an additional 917,632 shares during the last quarter. 44.31% of the stock is owned by hedge funds and other institutional investors.

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About Discovery Communications

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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