Discovery Communications, Inc. (NASDAQ:DISCA) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 9,570 put options on the company. This is an increase of 1,890% compared to the average daily volume of 481 put options.

Discovery Communications (NASDAQ DISCA) opened at $20.04 on Friday. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications has a fifty-two week low of $15.99 and a fifty-two week high of $30.25. The company has a market cap of $7,448.41, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. equities research analysts anticipate that Discovery Communications will post 1.94 earnings per share for the current year.

In related news, Director John C. Malone bought 332,523 shares of Discovery Communications stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average cost of $19.72 per share, with a total value of $6,557,353.56. Following the transaction, the director now directly owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director J David Wargo bought 100,000 shares of Discovery Communications stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $15.76 per share, with a total value of $1,576,000.00. Following the completion of the transaction, the director now directly owns 147,591 shares in the company, valued at $2,326,034.16. The disclosure for this purchase can be found here. Insiders have bought a total of 527,523 shares of company stock valued at $9,629,104 over the last three months. Insiders own 6.81% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its holdings in Discovery Communications by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $245,000 after purchasing an additional 100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Discovery Communications by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock valued at $295,000 after buying an additional 102 shares in the last quarter. Sentry Investment Management LLC raised its position in shares of Discovery Communications by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after buying an additional 123 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Discovery Communications by 0.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock valued at $616,000 after buying an additional 206 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Discovery Communications by 0.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 49,629 shares of the company’s stock valued at $1,282,000 after buying an additional 220 shares in the last quarter. 48.25% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on DISCA. Royal Bank of Canada reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Discovery Communications in a report on Friday, October 20th. Credit Suisse Group raised shares of Discovery Communications from an “underperform” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a report on Thursday, September 14th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Discovery Communications in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Discovery Communications currently has an average rating of “Hold” and an average target price of $23.67.

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Discovery Communications Company Profile

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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