Gamco Investors INC. ET AL cut its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,215,105 shares of the company’s stock after selling 45,619 shares during the period. Gamco Investors INC. ET AL owned about 0.23% of Discovery Communications worth $37,304,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DISCA. Thor Advisors LLC acquired a new position in shares of Discovery Communications during the first quarter valued at approximately $29,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Discovery Communications in the 2nd quarter valued at $37,000. TRUE Private Wealth Advisors bought a new position in Discovery Communications in the 2nd quarter worth $53,000. Pennsylvania Trust Co bought a new position in Discovery Communications in the 1st quarter worth $1,085,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Discovery Communications by 96.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the company’s stock worth $52,000 after acquiring an additional 945 shares during the period. Institutional investors own 35.20% of the company’s stock.

NASDAQ:DISCA traded up $0.62 during trading hours on Monday, hitting $28.57. The stock had a trading volume of 67,647 shares, compared to its average volume of 4,288,429. Discovery Communications Inc. has a one year low of $23.79 and a one year high of $34.89. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.39 and a beta of 1.53. The business’s 50 day moving average is $30.64 and its 200-day moving average is $29.21.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.01). Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the company earned $0.77 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Discovery Communications Inc. will post 3.6 EPS for the current fiscal year.

Several research analysts recently commented on the stock. Wolfe Research downgraded shares of Discovery Communications from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 30th. ValuEngine downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Monday, May 13th. BidaskClub downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Imperial Capital boosted their price objective on shares of Discovery Communications from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. Discovery Communications has an average rating of “Buy” and a consensus target price of $33.89.

In other Discovery Communications news, insider Bruce Campbell sold 10,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $28.89, for a total value of $288,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter Faricy purchased 35,900 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the purchase, the chief executive officer now owns 182,367 shares of the company’s stock, valued at $5,089,862.97. The disclosure for this purchase can be found here. Corporate insiders own 4.43% of the company’s stock.

Discovery Communications 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.

Further Reading: Outstanding Shares

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

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