BidaskClub cut shares of Discovery Communications, Inc. (NASDAQ:DISCK) from a hold rating to a sell rating in a research note released on Thursday.

Several other brokerages also recently commented on DISCK. Zacks Investment Research downgraded Discovery Communications from a hold rating to a sell rating in a research report on Thursday, May 4th. TheStreet raised Discovery Communications from a c+ rating to a b- rating in a research report on Monday, April 10th. Finally, ValuEngine downgraded Discovery Communications from a buy rating to a hold rating in a research report on Friday, June 2nd.

Discovery Communications (NASDAQ DISCK) traded down 8.63% during trading on Thursday, reaching $23.30. The company’s stock had a trading volume of 10,566,917 shares. Discovery Communications has a 52-week low of $22.85 and a 52-week high of $29.18. The stock’s 50-day moving average is $25.38 and its 200 day moving average is $26.69. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 12.19 and a beta of 1.49.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.09. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The company had revenue of $1.61 billion during the quarter. On average, analysts predict that Discovery Communications will post $2.26 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of DISCK. Vanguard Group Inc. increased its position in shares of Discovery Communications by 2.2% in the first quarter. Vanguard Group Inc. now owns 21,390,878 shares of the company’s stock valued at $605,575,000 after buying an additional 460,591 shares in the last quarter. BlackRock Inc. increased its position in shares of Discovery Communications by 2,766.5% in the first quarter. BlackRock Inc. now owns 13,447,103 shares of the company’s stock valued at $380,687,000 after buying an additional 12,977,986 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Discovery Communications by 0.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,340,964 shares of the company’s stock valued at $151,203,000 after buying an additional 14,321 shares in the last quarter. Seizert Capital Partners LLC increased its position in shares of Discovery Communications by 57.0% in the first quarter. Seizert Capital Partners LLC now owns 2,911,723 shares of the company’s stock valued at $82,431,000 after buying an additional 1,057,066 shares in the last quarter. Finally, First Manhattan Co. increased its position in shares of Discovery Communications by 30.2% in the second quarter. First Manhattan Co. now owns 2,806,374 shares of the company’s stock valued at $70,748,000 after buying an additional 651,642 shares in the last quarter. 46.96% of the stock is currently owned by institutional investors.

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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