Separately, Zacks Investment Research upgraded shares of Discovery Communications from a sell rating to a hold rating in a report on Tuesday, December 20th.
Shares of Discovery Communications (NASDAQ:DISCK) traded down 1.07% during trading on Monday, hitting $27.84. The stock had a trading volume of 746,271 shares. Discovery Communications has a 52-week low of $22.43 and a 52-week high of $29.11. The stock has a 50 day moving average of $27.71 and a 200 day moving average of $26.93. The firm has a market cap of $16.29 billion, a PE ratio of 14.23 and a beta of 1.50.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. On average, equities analysts anticipate that Discovery Communications will post $2.16 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. Windsor Financial Group LLC raised its stake in shares of Discovery Communications by 0.4% in the third quarter. Windsor Financial Group LLC now owns 210,584 shares of the company’s stock valued at $5,540,000 after buying an additional 800 shares during the period. Berkshire Asset Management LLC PA raised its stake in shares of Discovery Communications by 39.4% in the third quarter. Berkshire Asset Management LLC PA now owns 51,080 shares of the company’s stock valued at $1,344,000 after buying an additional 14,438 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Discovery Communications by 2.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 37,164 shares of the company’s stock valued at $978,000 after buying an additional 816 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Discovery Communications during the third quarter valued at approximately $5,810,000. Finally, Douglas Lane & Associates LLC raised its stake in shares of Discovery Communications by 53.8% in the third quarter. Douglas Lane & Associates LLC now owns 765,409 shares of the company’s stock valued at $20,138,000 after buying an additional 267,596 shares during the period. Institutional investors and hedge funds own 48.10% of the company’s stock.
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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