Discovery Communications Inc. (NASDAQ:DISCA) was the recipient of unusually large options trading on Thursday. Stock investors purchased 40,070 put options on the company. This is an increase of 3,050% compared to the typical volume of 1,272 put options.

Shares of DISCA stock opened at $30.13 on Friday. Discovery Communications has a 1-year low of $20.59 and a 1-year high of $34.89. The firm has a market cap of $15.93 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.40 and a beta of 1.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.50.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.07). The firm had revenue of $2.81 billion for 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 firm’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities analysts predict that Discovery Communications will post 3.48 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. BidaskClub upgraded Discovery Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Imperial Capital restated an “in-line” rating and set a $30.00 target price (down previously from $31.00) on shares of Discovery Communications in a research note on Wednesday, January 9th. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, January 2nd. Barrington Research restated a “buy” rating and set a $40.00 target price on shares of Discovery Communications in a research note on Tuesday, February 26th. Finally, Credit Suisse Group boosted their target price on Discovery Communications from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $33.34.

In other news, General Counsel Savalle Sims sold 16,623 shares of Discovery Communications stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $28.57, for a total value of $474,919.11. Following the completion of the transaction, the general counsel now owns 48,684 shares in the company, valued at approximately $1,390,901.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.43% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in Discovery Communications during the fourth quarter worth about $30,000. Smithfield Trust Co. acquired a new stake in shares of Discovery Communications in the fourth quarter valued at about $47,000. Rational Advisors LLC grew its stake in shares of Discovery Communications by 26.3% in the fourth quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock valued at $50,000 after buying an additional 420 shares in the last quarter. Athena Capital Advisors LLC acquired a new stake in shares of Discovery Communications in the fourth quarter valued at about $66,000. Finally, Exane Asset Management acquired a new stake in shares of Discovery Communications in the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 34.18% of the company’s stock.

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Discovery Communications Company Profile

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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