New Amsterdam Partners LLC NY cut its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,907 shares of the company’s stock after selling 9,648 shares during the quarter. New Amsterdam Partners LLC NY’s holdings in Discovery Communications were worth $3,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DISCA. Truvestments Capital LLC acquired a new stake in shares of Discovery Communications in the third quarter worth $122,000. Dupont Capital Management Corp boosted its position in shares of Discovery Communications by 108.8% in the second quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock worth $165,000 after buying an additional 3,132 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Discovery Communications in the third quarter worth $172,000. Chicago Equity Partners LLC acquired a new stake in shares of Discovery Communications in the third quarter worth $200,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Discovery Communications in the third quarter worth $202,000. 37.19% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:DISCA opened at $33.08 on Thursday. The stock has a market capitalization of $17.39 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24. Discovery Communications Inc. has a 52-week low of $15.99 and a 52-week high of $34.06. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.45 and a current ratio of 1.45.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.18). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Discovery Communications had a negative net margin of 8.28% and a positive return on equity of 17.68%. On average, sell-side analysts predict that Discovery Communications Inc. will post 2.63 earnings per share for the current year.

Several analysts have recently commented on the company. BidaskClub cut Discovery Communications from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 18th. MKM Partners raised their target price on Discovery Communications to $40.00 and gave the stock a “buy” rating in a research report on Monday. ValuEngine cut Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 19th. Pivotal Research reiterated a “hold” rating and set a $26.00 price objective on shares of Discovery Communications in a report on Tuesday, August 7th. Finally, Citigroup increased their price objective on Discovery Communications from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $31.38.

In related news, insider Kurt Wehner sold 7,233 shares of Discovery Communications stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $30.04, for a total transaction of $217,279.32. Following the sale, the insider now directly owns 18,844 shares of the company’s stock, valued at $566,073.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Bruce Campbell sold 31,462 shares of Discovery Communications stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $30.00, for a total value of $943,860.00. Following the sale, the insider now directly owns 72,256 shares in the company, valued at $2,167,680. The disclosure for this sale can be found here. Over the last three months, insiders have sold 317,374 shares of company stock worth $8,811,521. 6.73% of the stock is owned by company insiders.

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About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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

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