Calamos Advisors LLC raised its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,407 shares of the company’s stock after buying an additional 10 shares during the period. Calamos Advisors LLC’s holdings in Discovery Communications were worth $641,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its stake in Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock valued at $104,000 after buying an additional 381 shares during the period. Euclid Advisors LLC increased its stake in Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock valued at $149,000 after buying an additional 450 shares during the period. Creative Planning increased its stake in Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock valued at $132,000 after buying an additional 503 shares during the period. LS Investment Advisors LLC increased its stake in Discovery Communications by 6.4% in the second quarter. LS Investment Advisors LLC now owns 8,083 shares of the company’s stock valued at $204,000 after buying an additional 485 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Discovery Communications during the second quarter valued at about $256,000. 40.59% of the stock is currently owned by institutional investors and hedge funds.
Discovery Communications Inc. (NASDAQ:DISCA) traded up 0.54% during mid-day trading on Thursday, hitting $27.84. 2,476,920 shares of the company were exchanged. The company has a 50 day moving average of $25.85 and a 200 day moving average of $26.63. The stock has a market cap of $11.64 billion, a P/E ratio of 15.14 and a beta of 1.59. Discovery Communications Inc. has a 12-month low of $23.66 and a 12-month high of $31.80.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The company earned $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Discovery Communications Inc. will post $1.97 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on DISCA shares. Argus reaffirmed a “buy” rating and set a $40.00 price target on shares of Discovery Communications in a research note on Monday, August 15th. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Wednesday, July 27th. Pivotal Research reissued a “buy” rating on shares of Discovery Communications in a report on Monday, August 1st. Moffett Nathanson lowered shares of Discovery Communications from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $31.00 to $21.00 in a report on Tuesday, September 27th. Finally, Jefferies Group reissued a “hold” rating on shares of Discovery Communications in a report on Monday, August 29th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.15.
Discovery Communications Company Profile
Discovery Communications, Inc, (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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