New Mexico Educational Retirement Board cut its holdings in Discovery Communications, Inc. (NASDAQ:DISCA) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,800 shares of the company’s stock after selling 3,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Discovery Communications were worth $230,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DISCA. Hotchkis & Wiley Capital Management LLC raised its stake in Discovery Communications by 0.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 18,729,826 shares of the company’s stock worth $398,758,000 after purchasing an additional 123,603 shares during the period. Vanguard Group Inc. raised its stake in Discovery Communications by 5.4% during the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after purchasing an additional 858,015 shares during the period. Bank of New York Mellon Corp raised its stake in Discovery Communications by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after purchasing an additional 1,297,175 shares during the period. BlackRock Inc. raised its stake in Discovery Communications by 2.0% during the second quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock worth $246,259,000 after purchasing an additional 187,781 shares during the period. Finally, State Street Corp raised its stake in Discovery Communications by 5.4% during the second quarter. State Street Corp now owns 7,346,135 shares of the company’s stock worth $189,736,000 after purchasing an additional 376,975 shares during the period. Institutional investors and hedge funds own 48.25% of the company’s stock.

In other Discovery Communications news, Director J David Wargo purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $15.76 per share, with a total value of $1,576,000.00. Following the acquisition, the director now owns 147,591 shares of the company’s stock, valued at approximately $2,326,034.16. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John C. Malone purchased 332,523 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $19.72 per share, with a total value of $6,557,353.56. Following the completion of the acquisition, the director now directly owns 671,095 shares in the company, valued at approximately $13,233,993.40. The disclosure for this purchase can be found here. Insiders bought a total of 527,523 shares of company stock valued at $9,629,104 over the last ninety days. Company insiders own 6.81% of the company’s stock.

Discovery Communications, Inc. (NASDAQ DISCA) opened at $21.04 on Friday. The firm has a market cap of $7,660.00, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.56. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.25.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. Discovery Communications’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. sell-side analysts predict that Discovery Communications, Inc. will post 1.94 earnings per share for the current year.

DISCA has been the topic of a number of recent analyst reports. Deutsche Bank cut their price target on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, November 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $24.00 target price (down previously from $29.00) on shares of Discovery Communications in a research note on Friday, November 3rd. Barclays cut their target price on shares of Discovery Communications from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, October 13th. ValuEngine raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Credit Suisse Group cut their target price on shares of Discovery Communications from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. Discovery Communications currently has an average rating of “Hold” and a consensus target price of $23.67.

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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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