Discovery Communications, Inc. (DISCK) Short Interest Up 32.5% in September
Discovery Communications, Inc. (NASDAQ:DISCK) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 12,447,072 shares, an increase of 32.5% from the August 31st total of 9,395,117 shares. Based on an average daily volume of 3,287,119 shares, the days-to-cover ratio is presently 3.8 days. Approximately 6.1% of the shares of the company are sold short.
DISCK has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Thursday, July 20th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Discovery Communications has a consensus rating of “Hold” and a consensus price target of $29.00.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank lifted its stake in Discovery Communications by 0.8% in the second quarter. Swiss National Bank now owns 795,274 shares of the company’s stock valued at $20,049,000 after acquiring an additional 6,300 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Discovery Communications by 1.1% in the 1st quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock valued at $13,380,000 after acquiring an additional 5,324 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in shares of Discovery Communications by 482.6% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 35,398 shares of the company’s stock valued at $892,000 after acquiring an additional 29,322 shares during the period. Seizert Capital Partners LLC grew its position in shares of Discovery Communications by 11.2% in the 2nd quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock valued at $81,613,000 after acquiring an additional 325,593 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Discovery Communications by 24.7% in the 2nd quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock valued at $3,529,000 after acquiring an additional 27,714 shares during the period. Institutional investors and hedge funds own 45.29% of the company’s stock.
Discovery Communications (DISCK) opened at 20.41 on Tuesday. Discovery Communications has a 1-year low of $19.36 and a 1-year high of $29.18. The stock has a 50 day moving average price of $20.65 and a 200-day moving average price of $24.62. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 10.83 and a beta of 1.44.
Discovery Communications (NASDAQ:DISCK) last released its quarterly earnings data on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $1.75 billion during the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Equities analysts predict that Discovery Communications will post $2.24 earnings per share for the current year.
About Discovery Communications
Discovery Communications, Inc (Discovery) 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. Its segments include U.S.
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