Discovery Communications Inc. (NASDAQ:DISCA) was the recipient of some unusual options trading activity on Thursday. Investors bought 41,045 call options on the company. This represents an increase of approximately 1,116% compared to the average daily volume of 3,376 call options.

NASDAQ:DISCA opened at $27.43 on Friday. Discovery Communications has a 52 week low of $20.59 and a 52 week high of $34.89. The stock has a market cap of $14.10 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 0.31 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.06 and a current ratio of 1.06.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.07). Discovery Communications had a return on equity of 17.30% and a net margin of 5.63%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the business posted $0.37 earnings per share. Discovery Communications’s revenue was up 50.7% compared to the same quarter last year. Equities research analysts anticipate that Discovery Communications will post 3.67 earnings per share for the current year.

A number of research firms have recently issued reports on DISCA. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. ValuEngine upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet upgraded shares of Discovery Communications from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. Imperial Capital restated an “in-line” rating and set a $30.00 target price (down previously from $31.00) on shares of Discovery Communications in a research note on Wednesday, January 9th. Finally, Pivotal Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a research note on Thursday, December 6th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.03.

In other Discovery Communications news, General Counsel Savalle Sims sold 16,623 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $28.57, for a total value of $474,919.11. Following the completion of the sale, the general counsel now owns 48,684 shares in the company, valued at $1,390,901.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.73% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DISCA. Russell Investments Group Ltd. increased its holdings in Discovery Communications by 36.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 135,231 shares of the company’s stock valued at $4,320,000 after buying an additional 35,943 shares during the period. Engineers Gate Manager LP bought a new position in Discovery Communications in the 3rd quarter valued at about $202,000. Chicago Equity Partners LLC bought a new position in Discovery Communications in the 3rd quarter valued at about $200,000. Private Advisor Group LLC bought a new position in Discovery Communications in the 3rd quarter valued at about $274,000. Finally, Janney Montgomery Scott LLC increased its holdings in Discovery Communications by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 85,445 shares of the company’s stock valued at $2,734,000 after buying an additional 4,461 shares during the period. 34.32% of the stock is currently owned by hedge funds and other institutional investors.

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Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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