Qube Research & Technologies Ltd acquired a new position in shares of Discovery Communications Inc. (NASDAQ:DISCA) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 24,009 shares of the company’s stock, valued at approximately $737,000.

Several other institutional investors also recently made changes to their positions in DISCA. JPMorgan Chase & Co. boosted its holdings in shares of Discovery Communications by 17.4% in the first quarter. JPMorgan Chase & Co. now owns 10,743,754 shares of the company’s stock valued at $290,295,000 after acquiring an additional 1,595,179 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Discovery Communications by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 2,741,634 shares of the company’s stock valued at $67,746,000 after acquiring an additional 441,740 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Discovery Communications by 11.1% in the first quarter. Wells Fargo & Company MN now owns 2,122,967 shares of the company’s stock valued at $57,363,000 after acquiring an additional 211,507 shares during the period. Rothschild & Co. Asset Management US Inc. acquired a new stake in shares of Discovery Communications in the second quarter valued at approximately $51,543,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Discovery Communications by 15.2% in the first quarter. Janus Henderson Group PLC now owns 1,466,436 shares of the company’s stock valued at $39,623,000 after acquiring an additional 193,209 shares during the period. 35.20% of the stock is owned by institutional investors and hedge funds.

NASDAQ:DISCA traded up $0.63 during trading hours on Monday, hitting $28.58. The company’s stock had a trading volume of 58,678 shares, compared to its average volume of 4,288,429. The business’s 50-day moving average is $30.64 and its two-hundred day moving average is $29.21. The company has a market capitalization of $15.03 billion, a PE ratio of 13.55, a PEG ratio of 0.39 and a beta of 1.53. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27. Discovery Communications Inc. has a 52-week low of $23.79 and a 52-week high of $34.89.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.01). The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. As a group, analysts predict that Discovery Communications Inc. will post 3.6 EPS for the current fiscal year.

Several equities research analysts have recently commented on DISCA shares. ValuEngine cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Wolfe Research cut Discovery Communications from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 30th. Imperial Capital upped their price target on Discovery Communications from $29.00 to $30.00 and gave the stock an “in-line” rating in a research note on Monday, June 24th. Finally, BidaskClub cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.89.

In other news, CEO Peter Faricy bought 35,900 shares of the stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the completion of the acquisition, the chief executive officer now owns 182,367 shares of the company’s stock, valued at $5,089,862.97. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Campbell sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $28.89, for a total value of $288,900.00. The disclosure for this sale can be found here. Corporate insiders own 4.43% of the company’s stock.

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

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