OMERS ADMINISTRATION Corp Acquires New Stake in Discovery Communications, Inc. (DISCA)
OMERS ADMINISTRATION Corp acquired a new stake in Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 85,500 shares of the company’s stock, valued at approximately $2,208,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DISCA. Mn Services Vermogensbeheer B.V. raised its stake in shares of Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock worth $106,000 after buying an additional 215 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock valued at $132,000 after buying an additional 900 shares during the period. Ballentine Partners LLC acquired a new position in Discovery Communications during the second quarter valued at $133,000. Acadian Asset Management LLC acquired a new position in Discovery Communications during the first quarter valued at $134,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Discovery Communications during the first quarter valued at $182,000. Hedge funds and other institutional investors own 45.83% of the company’s stock.
Discovery Communications, Inc. (NASDAQ DISCA) opened at 22.19 on Thursday. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 11.77 and a beta of 1.59. Discovery Communications, Inc. has a 12-month low of $22.12 and a 12-month high of $30.25. The company’s 50 day moving average price is $24.66 and its 200-day moving average price is $26.75.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. On average, equities analysts anticipate that Discovery Communications, Inc. will post $2.24 earnings per share for the current fiscal year.
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DISCA has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 price objective on shares of Discovery Communications in a report on Friday, July 14th. Citigroup Inc. upgraded Discovery Communications from a “neutral” rating to a “buy” rating and cut their price objective for the company from $30.00 to $29.00 in a report on Tuesday, August 1st. Pivotal Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, August 8th. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a report on Thursday, May 18th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Discovery Communications in a research note on Friday, May 12th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.27.
In other news, insider Paul J. Guagliardo purchased 10,000 shares of the stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $22.71 per share, with a total value of $227,100.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at $227,100. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruce Campbell sold 9,283 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The disclosure for this sale can be found here. Insiders have bought a total of 55,000 shares of company stock worth $1,243,300 over the last three months. Insiders own 6.81% of the company’s stock.
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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