Accern also assigned media coverage about the company an impact score of 45.9651580174873 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. 75 funds opened positions while 136 raised stakes.
5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Discovery Communications, Inc. Contravisory Investment Management Inc. now owns 9,391 shares of the company's stock valued at $243,000 after buying an additional 260 shares in the last quarter. Acadian Asset Management LLC bought a new position in Discovery Communications during the first quarter valued at about $134,000. Cubic Asset Management LLC now owns 115,645 shares of the company's stock valued at $2,987,000 after buying an additional 6,190 shares during the period. Currently, 0.8% of the company's stock are short sold. Bank of New York Mellon Corp boosted its stake in Discovery Communications by 20.3% in the first quarter. Oxbow Advisors LLC now owns 192,540 shares of the company's stock valued at $4,973,000 after buying an additional 1,605 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Discovery Communications by 5.8% in the first quarter. The stock traded as low as $22.98 and last traded at $22.99, with a volume of 2,470,864 shares traded.
Shares of Discovery Communications (DISCA) traded down 4.08% during midday trading on Friday, reaching $23.73. 3,274,392 shares of the company were exchanged.
Company chares are trading at $23.50 which is quite a bit lower than $27.04, the 50 day moving average and a great deal lower than the 200 day moving average of $27.77.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Monday, July 31st. Jpmorgan Chase And Communications reported 0% of its portfolio in Discovery Communications Inc. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Analysts expect next quarter's EPS to be $0.60 and the next full year EPS is anticipated to be $2.54. During the same period in the previous year, the business earned $0.71 earnings per share. Equities research analysts predict that Discovery Communications, Inc. will post $2.24 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Rincon Hill News and is the sole property of of Rincon Hill News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of US & global trademark and copyright laws. "(NASDAQ:DISCA) Shares Bought by Convergence Investment Partners LLC" was first reported by Sports Perspectives and is owned by of Sports Perspectives. Zacks Investment Research lowered shares of Discovery Communications from a "hold" rating to a "sell" rating in a research report on Tuesday, April 18th. Finally, Barrington Research reiterated a "market perform" rating on shares of Discovery Communications in a research report on Tuesday, August 1st.
Royal Bank Of Canada reissued their buy rating on shares of Discovery Communications, Inc. Finally, MKM Partners restated a "neutral" rating and issued a $26.00 price target (down from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. The rating was downgraded by Standpoint Research to "Hold" on Monday, August 29.
In other news, insider Bruce Campbell sold 9,283 shares of the stock in a transaction that occurred on Thursday, June 15th. The total value of its holdings increased 1,047.3%. The transaction was disclosed in a filing with the SEC, which is available through this link. The stock now has Weekly Volatility of 3.11% and Monthly Volatility of 3.01%. With the last stock price close down -15.37% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. The disclosure for this purchase can be found here.
Discovery Communications, Inc. (DISCK) now has P/E (Price to Earnings) ratio of 12.55 while the company's industry has 19.16 P/E and the sector P/E is 19.84. 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.