Cowen Inc. acquired a new position in Discovery Communications, Inc. (NASDAQ:DISCA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 276,200 shares of the company’s stock, valued at approximately $5,880,000. Cowen Inc. owned about 0.07% of Discovery Communications as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its holdings in Discovery Communications by 437.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after buying an additional 3,230 shares in the last quarter. Ballentine Partners LLC purchased a new position in Discovery Communications during the 2nd quarter valued at about $133,000. Flossbach Von Storch AG purchased a new position in Discovery Communications during the 3rd quarter valued at about $208,000. Montag A & Associates Inc. purchased a new position in Discovery Communications during the 2nd quarter valued at about $209,000. Finally, OLD National Bancorp IN purchased a new position in Discovery Communications during the 3rd quarter valued at about $222,000. 48.25% of the stock is owned by institutional investors.
A number of research analysts have weighed in on DISCA shares. Piper Jaffray Companies started coverage on Discovery Communications in a report on Friday, August 11th. They set a “neutral” rating and a $27.00 target price for the company. Royal Bank Of Canada reduced their target price on Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. BidaskClub lowered Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Cowen reaffirmed a “hold” rating and set a $25.00 target price on shares of Discovery Communications in a report on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Discovery Communications currently has a consensus rating of “Hold” and a consensus price target of $23.67.
Shares of Discovery Communications, Inc. (NASDAQ:DISCA) opened at $19.44 on Thursday. The stock has a market capitalization of $7,528.01, a PE ratio of 9.55, a PEG ratio of 1.10 and a beta of 1.55. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications, Inc. has a 12-month low of $15.99 and a 12-month high of $30.25.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. sell-side analysts forecast that Discovery Communications, Inc. will post 1.97 earnings per share for the current year.
About Discovery Communications
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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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