OxFORD Asset Management LLP grew its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 41.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 36,406 shares of the company’s stock after acquiring an additional 10,664 shares during the quarter. OxFORD Asset Management LLP’s holdings in Discovery Communications were worth $781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beach Investment Management LLC. acquired a new stake in Discovery Communications in the second quarter worth about $254,000. Schwab Charles Investment Management Inc. increased its position in shares of Discovery Communications by 17.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 563,742 shares of the company’s stock worth $14,562,000 after purchasing an additional 82,427 shares in the last quarter. Arizona State Retirement System increased its position in shares of Discovery Communications by 0.8% during the second quarter. Arizona State Retirement System now owns 38,100 shares of the company’s stock worth $984,000 after purchasing an additional 300 shares in the last quarter. Legal & General Group Plc increased its position in shares of Discovery Communications by 18.4% during the second quarter. Legal & General Group Plc now owns 851,984 shares of the company’s stock worth $22,006,000 after purchasing an additional 132,632 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Discovery Communications by 7.6% during the second quarter. Jennison Associates LLC now owns 25,051 shares of the company’s stock worth $647,000 after purchasing an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 48.12% of the company’s stock.

In other Discovery Communications news, Director J David Wargo purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $15.76 per share, with a total value of $1,576,000.00. Following the purchase, the director now directly owns 147,591 shares in the company, valued at approximately $2,326,034.16. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was acquired at an average cost of $15.45 per share, for a total transaction of $231,750.00. Following the purchase, the chief financial officer now owns 50,000 shares in the company, valued at $772,500. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 527,523 shares of company stock worth $9,629,104. Corporate insiders own 6.81% of the company’s stock.

Several analysts recently commented on DISCA shares. Loop Capital dropped their price target on Discovery Communications from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. B. Riley reiterated a “neutral” rating and set a $19.00 price target (down from $23.00) on shares of Discovery Communications in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and set a $29.00 price target on shares of Discovery Communications in a research report on Friday, October 20th. Finally, BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Saturday, December 16th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Discovery Communications has a consensus rating of “Hold” and an average price target of $24.06.

Discovery Communications Inc. (DISCA) opened at $23.73 on Friday. The firm has a market capitalization of $8,854.70, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.32 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. Discovery Communications Inc. has a 12 month low of $15.99 and a 12 month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. equities analysts forecast that Discovery Communications Inc. will post 1.94 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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