Discovery Communications Inc. (NASDAQ:DISCA) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 25,817,399 shares, a decline of 7.5% from the February 15th total of 27,915,435 shares. Approximately 17.0% of the shares of the company are short sold. Based on an average daily volume of 4,476,564 shares, the days-to-cover ratio is currently 5.8 days.

Shares of DISCA opened at $27.43 on Friday. The stock has a market capitalization of $14.10 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.31 and a beta of 1.37. Discovery Communications has a 1-year low of $20.59 and a 1-year high of $34.89. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.06 and a current ratio of 1.06.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.07). The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Discovery Communications had a return on equity of 17.30% and a net margin of 5.63%. The company’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. As a group, equities analysts forecast that Discovery Communications will post 3.67 EPS for the current year.

DISCA has been the topic of several research reports. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. TheStreet upgraded shares of Discovery Communications from a “c” rating to a “b” rating in a research report on Tuesday, February 26th. Imperial Capital reiterated an “in-line” rating and issued a $30.00 price target (down from $31.00) on shares of Discovery Communications in a research report on Wednesday, January 9th. Finally, Pivotal Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a research report on Thursday, December 6th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Discovery Communications currently has an average rating of “Buy” and a consensus target price of $33.03.

In related news, General Counsel Savalle Sims sold 16,623 shares of Discovery Communications stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $28.57, for a total transaction of $474,919.11. Following the sale, the general counsel now directly owns 48,684 shares in the company, valued at $1,390,901.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.73% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Discovery Communications by 199.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,745,309 shares of the company’s stock valued at $1,541,300,000 after acquiring an additional 33,804,647 shares in the last quarter. FMR LLC grew its stake in Discovery Communications by 10.4% during the 4th quarter. FMR LLC now owns 13,217,760 shares of the company’s stock valued at $327,007,000 after acquiring an additional 1,243,094 shares in the last quarter. BlackRock Inc. grew its stake in Discovery Communications by 11.8% during the 4th quarter. BlackRock Inc. now owns 10,885,778 shares of the company’s stock valued at $269,315,000 after acquiring an additional 1,151,368 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Discovery Communications by 4,198.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,944,085 shares of the company’s stock valued at $119,000 after acquiring an additional 2,875,598 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Discovery Communications by 19.2% during the 4th quarter. Geode Capital Management LLC now owns 2,741,634 shares of the company’s stock valued at $67,746,000 after acquiring an additional 441,740 shares in the last quarter. 34.32% of the stock is currently owned by hedge funds and other institutional investors.

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About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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