Published: Sat, August 12, 2017
Business | By Max Garcia

Discovery Communications, Inc. (NASDAQ:DISCK) Traded -11.4% Below Its 50 Day Average

(NASDAQ:DISCK) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The stock built a change of -2.05% as of a recent closing trading date. Hotchkis & Wiley Capital Management LLC controls 5,878,321 shares valued at $148,192,000. 75 funds opened positions while 136 raised stakes. Ameritas Investment Partners Inc. bought a new stake in Discovery Communications during the first quarter valued at $182,000. Thrivent Financial For Lutherans owns 445,539 shares with a value of $11,232,000. Institutional Capital Llc sold 739,015 shares as the company's stock declined 10.36% while stock markets rallied.

Shares of Discovery Communications, Inc. First Manhattan Co. now owns 2,806,374 shares of the company's stock worth $70,748,000 after buying an additional 651,642 shares during the period. Norges Bank acquired a new position in Discovery Communications during the fourth quarter valued at about $40,919,000. Candriam Luxembourg S.C.A. now owns 13,745 shares of the company's stock valued at $355,000 after buying an additional 6,066 shares during the period. (NASDAQ:DISCA). Vnbtrust National Association has invested 5.28% of its portfolio in Discovery Communications Inc.

Several other institutional investors have also modified their holdings of the stock. Discovery Communications, Inc. (DISCK)'s RSI (Relative Strength Index) is 29.48. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The investor owns 70,673,242 shares of the stock valued at $1,545,623,803. The firm has a 50-day moving average of $24.76 and a 200 day moving average of $26.44. The stock has a market capitalization of $13.11 billion, a P/E ratio of 12.20 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.72 by $0.04, MarketWatch Earnings reports.

14 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 1769.85 million while high and low sale targets are estimated at 1795 million and 1734.8 million respectively. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. During the same quarter in the prior year, the business earned $0.71 earnings per share. Next quarter's EPS is forecasted at $0.54 and the next full year EPS is projected to be $2.33.

ILLEGAL ACTIVITY NOTICE: "Ardevora Asset Management LLP Acquires 332,700 Shares of Discovery Communications, Inc. (DISCA) Position Cut by Westbourne Investment Advisors Inc." was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and global trademark & copyright law. RBC Capital Markets maintained the shares of DISCA in report on Wednesday, September 30 with "Sector Perform" rating.

Hotchkis & Wiley Capital Management LLC says it bought 537,357 shares in quarter ending 06/30/2017 increasing its holdings in Discovery Communications, 10.1%. The firm now has a $32.00 target price on the stock. BidaskClub raised Discovery Communications from a sell rating to a hold rating in a research note on Wednesday, June 14th. Lastly, TheStreet lowered the stock of Discovery Communications from a "b-" recommendation to a "c+" recommendation in a study on Wed, May 17th. Pivotal Research upgraded the shares of DISCA in report on Thursday, August 6 to "Buy" rating. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The corporation has a average recommendation of "Hold" and a consensus price objective of $29.00. The stock was purchased at an average price of $23.01 per share, with a total value of $460,200.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Shares for $245,350 were sold by Campbell Bruce.

Piper Jaffray bumped up the target of Discovery Communications (NDAQ:DISCA) to $27.00 stating a potential upside of 0.17%.

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