Discovery Communications Inc. (NASDAQ:DISCA) was the target of unusually large options trading activity on Thursday. Stock investors bought 40,778 put options on the stock. This is an increase of approximately 1,163% compared to the average volume of 3,228 put options.
NASDAQ DISCA opened at $27.43 on Friday. Discovery Communications has a 12 month low of $20.59 and a 12 month high of $34.89. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.50. The company has a market cap of $14.10 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.31 and a beta of 1.37.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.07). The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.85 billion. Discovery Communications had a net margin of 5.63% and a return on equity of 17.30%. Discovery Communications’s revenue was up 50.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. Sell-side analysts predict that Discovery Communications will post 3.67 EPS for the current fiscal year.
In other news, General Counsel Savalle Sims sold 16,623 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $28.57, for a total transaction of $474,919.11. Following the transaction, the general counsel now owns 48,684 shares of the company’s stock, valued at $1,390,901.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.73% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DISCA. Russell Investments Group Ltd. grew its position in Discovery Communications by 36.2% in the third quarter. Russell Investments Group Ltd. now owns 135,231 shares of the company’s stock worth $4,320,000 after buying an additional 35,943 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Discovery Communications in the third quarter worth approximately $202,000. Chicago Equity Partners LLC acquired a new position in Discovery Communications in the third quarter worth approximately $200,000. Private Advisor Group LLC acquired a new position in Discovery Communications in the third quarter worth approximately $274,000. Finally, Janney Montgomery Scott LLC grew its position in Discovery Communications by 5.5% in the third quarter. Janney Montgomery Scott LLC now owns 85,445 shares of the company’s stock worth $2,734,000 after buying an additional 4,461 shares during the last quarter. Hedge funds and other institutional investors own 34.32% of the company’s stock.
DISCA has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Cannonball Research cut shares of Discovery Communications to a “hold” rating and set a $33.00 target price on the stock. in a report on Monday, November 19th. Citigroup raised their target price on shares of Discovery Communications from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, November 20th. Imperial Capital cut their target price on shares of Discovery Communications from $37.00 to $31.00 and set an “inline” rating on the stock in a report on Tuesday, December 4th. Finally, Barclays reissued a “hold” rating on shares of Discovery Communications in a report on Tuesday, December 4th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.03.
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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