Cambridge Investment Research Advisors Inc. bought a new position in shares of Discovery Communications Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,447 shares of the company’s stock, valued at approximately $260,000.

Other large investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp grew its holdings in Discovery Communications by 108.8% during the second quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock worth $165,000 after acquiring an additional 3,132 shares during the period. Greenleaf Trust grew its holdings in Discovery Communications by 167.5% during the second quarter. Greenleaf Trust now owns 7,585 shares of the company’s stock worth $209,000 after acquiring an additional 4,750 shares during the period. Flossbach Von Storch AG acquired a new position in Discovery Communications during the second quarter worth about $223,000. Bayesian Capital Management LP purchased a new position in Discovery Communications in the 1st quarter worth about $238,000. Finally, Howard Capital Management Inc. increased its stake in Discovery Communications by 32.9% in the 1st quarter. Howard Capital Management Inc. now owns 12,867 shares of the company’s stock worth $273,000 after purchasing an additional 3,188 shares in the last quarter. 37.33% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on DISCA shares. Jefferies Financial Group raised Discovery Communications from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, August 21st. BidaskClub raised Discovery Communications from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Pivotal Research cut Discovery Communications from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a research note on Tuesday, September 18th. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, Barrington Research reissued a “buy” rating and issued a $30.00 price target on shares of Discovery Communications in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.61.

Shares of NASDAQ DISCA opened at $31.80 on Monday. Discovery Communications Inc. has a one year low of $15.99 and a one year high of $32.65. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.54 and a beta of 1.49. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.45 and a quick ratio of 1.45.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.18). Discovery Communications had a positive return on equity of 17.68% and a negative net margin of 8.28%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. equities analysts expect that Discovery Communications Inc. will post 2.63 EPS for the current year.

In other news, insider Jean-Briac Perrette sold 93,392 shares of Discovery Communications stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $31.12, for a total transaction of $2,906,359.04. Following the completion of the sale, the insider now directly owns 141,534 shares in the company, valued at approximately $4,404,538.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Savalle Sims sold 1,666 shares of Discovery Communications stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $28.21, for a total value of $46,997.86. Following the sale, the general counsel now owns 208 shares of the company’s stock, valued at $5,867.68. The disclosure for this sale can be found here. Insiders have sold a total of 285,912 shares of company stock valued at $7,867,661 over the last 90 days. Corporate insiders own 6.73% of the company’s stock.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, 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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