Adria Alpert-Romm Sells 16,238 Shares of Discovery Inc (DISCA) Stock
Discovery Inc (NASDAQ:DISCA) insider Adria Alpert-Romm sold 16,238 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $22.61, for a total value of $367,141.18. Following the sale, the insider now owns 33,463 shares in the company, valued at $756,598.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Discovery stock opened at $22.16 on Thursday. The company has a debt-to-equity ratio of 3.20, a current ratio of 5.34 and a quick ratio of 5.34. The firm has a market capitalization of $8,398.13, a price-to-earnings ratio of -36.93, a PEG ratio of 0.97 and a beta of 1.52. Discovery Inc has a 12 month low of $15.99 and a 12 month high of $30.25.
Discovery (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.78 billion. Discovery had a positive return on equity of 21.68% and a negative net margin of 4.90%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. sell-side analysts forecast that Discovery Inc will post 2.59 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in shares of Discovery in the 4th quarter valued at $106,000. Delpha Capital Management LLC acquired a new position in shares of Discovery in the 4th quarter valued at $149,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Discovery in the 4th quarter valued at $167,000. Flossbach Von Storch AG acquired a new position in shares of Discovery in the 3rd quarter valued at $208,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of Discovery in the 4th quarter valued at $234,000. 48.76% of the stock is currently owned by institutional investors.
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Discovery Company Profile
Discovery, Inc, formerly Discovery Communications, Inc, is a global media company. 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.
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