Published: Sun, October 15, 2017
Economy | By Melissa Porter

Trending Stock Alert: Discovery Communications, Inc. (DISCA)

BlackRock Inc. now owns 9,346,002 shares of the company's stock valued at $271,875,000 after purchasing an additional 8,971,338 shares during the last quarter. JPMorgan Chase & Co.'s holdings in Discovery Communications were worth $2,596,000 at the end of the most recent quarter. The company holds 370.77 million outstanding shares and 353.90 million shares are floating in market. Discovery Communications has a 12-month low of $17.97 and a 12-month high of $29.18. Over a month, it has seen its stock price volatility to stay at 2.86% while shortening the period to a week, volatility was 2.28%. Swiss National Bank lifted its holdings in shares of Discovery Communications by 3.3% during the 2nd quarter.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.9 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Hotchkis & Wiley Capital Management LLC grew its holdings in Discovery Communications by 5.2% during the 2nd quarter. Following the completion of the purchase, the chief financial officer now directly owns 35,000 shares in the company, valued at $759,500.

The company is now down by 3.70% percent from yesterday's close. Clearbridge Investments LLC boosted its position in Discovery Communications by 2.3% during the 1st quarter. Squarepoint Ops LLC owns 152,922 shares with a value of $3,855,000. The shares were bought at an average cost of $21.70 per share, with a total value of $325,500.00.

In other news, CFO Gunnar Wiedenfels purchased 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 1st.

Bridgewater Associates Lp decreased Signature Bk New York N Y (NASDAQ:SBNY) stake by 10,078 shares to 6,921 valued at $993,000 in 2017Q2. Institutional investors and hedge funds own 45.84% of the company's stock. The disclosure for this purchase can be found here. Whereas, firm has insider ownership was declared as 7.25%.

Shares of Discovery Communications, Inc. (NASDAQ:DISCA) advice adding it to buy candidate list. Discovery Communications, Inc. has a one year low of $19.27 and a one year high of $30.25.

The company's P/E ratio is 11.54 and the market cap of the company is 12.40B. The firm's 50-day moving average price is $20.21 and its 200-day moving average price is $24.17.

Discovery Communications (NASDAQ:DISCK) last released its quarterly earnings data on Monday, July 31st. The First Western Capital Management Company holds 74,251 shares with $1.92M value, down from 105,744 last quarter. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion.

Discovery Communications, Inc. (Discovery), launched on April 28, 2008, is a global media company. They expect $0.55 EPS, up 37.50% or $0.15 from last year's $0.4 per share.

Discovery Communications, maintained at an average hold rating by 25 stock analysts, and there are at least 10.56% of shares outstanding that are now legally short sold.

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DISCA has been the topic of a number of other reports.

Analysts on average have given a price target of $25.55 to Discovery Communications, Inc. Ubs Group Ag cut its stake by selling 180 shares a decrease of 66.7%.

01/13/2017 - Cogent Communications Group, Inc. had its "buy" rating reiterated by analysts at BTIG Research. Finally, ValuEngine upgraded Discovery Communications from a "hold" rating to a "buy" rating in a report on Wednesday. They now have a United States dollars 27 price target on the stock.

The Return on Equity ratio of Discovery Communications, Inc. 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.

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