Cambridge Investment Research Advisors Inc. grew its position in Discovery Communications, Inc. (NASDAQ:DISCA) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,632 shares of the company’s stock after purchasing an additional 293 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Discovery Communications were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Martingale Asset Management L P boosted its position in shares of Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock worth $598,000 after purchasing an additional 52 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Discovery Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $245,000 after purchasing an additional 100 shares during the period. Advantus Capital Management Inc boosted its position in shares of Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock worth $442,000 after purchasing an additional 130 shares during the period. American International Group Inc. boosted its position in shares of Discovery Communications by 0.3% in the first quarter. American International Group Inc. now owns 73,984 shares of the company’s stock worth $2,152,000 after purchasing an additional 192 shares during the period. Finally, Malaga Cove Capital LLC boosted its position in shares of Discovery Communications by 1.0% in the second quarter. Malaga Cove Capital LLC now owns 19,536 shares of the company’s stock worth $505,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 45.84% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Discovery Communications in a research report on Thursday, July 20th. They set a “market perform” rating and a $28.00 target price for the company. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $32.00 target price on shares of Discovery Communications and gave the stock a “buy” rating in a research report on Monday, June 12th. Credit Suisse Group restated an “underperform” rating and set a $24.00 target price on shares of Discovery Communications in a research report on Saturday, July 22nd. Finally, BidaskClub upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.13.

In related news, insider Paul J. Guagliardo purchased 10,000 shares of Discovery Communications stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the acquisition, the insider now directly owns 10,000 shares in the company, valued at $227,100. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gunnar Wiedenfels purchased 20,000 shares of Discovery Communications stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the acquisition, the chief financial officer now owns 20,000 shares in the company, valued at $460,200. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 55,000 shares of company stock worth $1,243,300. Insiders own 6.81% of the company’s stock.

Shares of Discovery Communications, Inc. (NASDAQ DISCA) opened at 21.94 on Monday. The stock has a market cap of $12.51 billion, a P/E ratio of 11.64 and a beta of 1.59. Discovery Communications, Inc. has a 52 week low of $20.53 and a 52 week high of $30.25. The stock has a 50 day moving average of $22.77 and a 200 day moving average of $26.05.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

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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.

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

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