Schonfeld Strategic Advisors LLC bought a new stake in Discovery Communications Inc. (NASDAQ:DISCA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,315 shares of the company’s stock, valued at approximately $731,000.

A number of other large investors have also bought and sold shares of DISCA. Truewealth LLC acquired a new stake in Discovery Communications during the 4th quarter worth approximately $26,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of Discovery Communications by 74.0% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 835 shares of the company’s stock valued at $27,000 after acquiring an additional 355 shares in the last quarter. Evoke Wealth LLC acquired a new position in shares of Discovery Communications during the third quarter worth about $26,000. Covington Capital Management raised its holdings in Discovery Communications by 106.0% during the third quarter. Covington Capital Management now owns 1,030 shares of the company’s stock worth $27,000 after purchasing an additional 530 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Discovery Communications in the fourth quarter valued at about $37,000. 37.01% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Advance Long-Term Management T sold 9,500,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $30.08, for a total transaction of $285,760,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J David Wargo sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $19.27, for a total transaction of $3,854,000.00. Following the sale, the director now directly owns 32,227 shares of the company’s stock, valued at approximately $621,014.29. The disclosure for this sale can be found here. Insiders own 4.43% of the company’s stock.

Shares of NASDAQ DISCA traded down $0.13 during midday trading on Thursday, hitting $20.93. The stock had a trading volume of 6,920,746 shares, compared to its average volume of 5,488,697. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.29. Discovery Communications Inc. has a 1-year low of $17.12 and a 1-year high of $33.65. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.40 and a beta of 1.53. The company has a fifty day moving average price of $25.95 and a 200 day moving average price of $28.98.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, February 27th. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.06. Discovery Communications had a net margin of 18.57% and a return on equity of 24.05%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts forecast that Discovery Communications Inc. will post 3.68 EPS for the current year.

Several brokerages recently commented on DISCA. ValuEngine cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. MKM Partners dropped their price objective on Discovery Communications from to in a research note on Monday, March 2nd. Barrington Research reduced their price objective on Discovery Communications from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Imperial Capital decreased their target price on Discovery Communications from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Finally, Rosenblatt Securities reissued a “hold” rating and issued a $27.00 target price (down previously from $33.00) on shares of Discovery Communications in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $32.00.

Discovery Communications 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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