Pegasus Partners Ltd. Has $3.23 Million Holdings in Discovery Communications, Inc. (DISCA)
Pegasus Partners Ltd. grew its position in Discovery Communications, Inc. (NASDAQ:DISCA) by 17.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,537 shares of the company’s stock after acquiring an additional 22,502 shares during the period. Pegasus Partners Ltd.’s holdings in Discovery Communications were worth $3,226,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Discovery Communications by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after purchasing an additional 1,297,175 shares in the last quarter. FMR LLC grew its stake in Discovery Communications by 32.7% during the 2nd quarter. FMR LLC now owns 4,938,569 shares of the company’s stock valued at $127,563,000 after acquiring an additional 1,216,517 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Discovery Communications by 5.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock valued at $480,599,000 after acquiring an additional 917,632 shares in the last quarter. Vanguard Group Inc. grew its stake in Discovery Communications by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after acquiring an additional 858,015 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new stake in Discovery Communications during the 2nd quarter valued at about $14,672,000. Institutional investors and hedge funds own 46.23% of the company’s stock.
Shares of Discovery Communications, Inc. (DISCA) opened at $17.50 on Monday. The stock has a market cap of $6,633.44, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.55. Discovery Communications, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.
Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. Discovery Communications’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. equities analysts predict that Discovery Communications, Inc. will post 2.02 earnings per share for the current year.
Several brokerages recently issued reports on DISCA. B. Riley dropped their price objective on shares of Discovery Communications from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Credit Suisse Group decreased their target price on shares of Discovery Communications from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 6th. Loop Capital decreased their target price on shares of Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 target price (down from $29.00) on shares of Discovery Communications in a report on Friday, November 3rd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus price target of $24.27.
In related news, Director J David Wargo bought 80,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $15.80 per share, with a total value of $1,264,000.00. Following the transaction, the director now directly owns 147,591 shares of the company’s stock, valued at approximately $2,331,937.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Gunnar Wiedenfels bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was bought at an average cost of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at $772,500. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 195,000 shares of company stock worth $3,071,750. 6.81% of the stock is owned by company insiders.
Discovery Communications 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.
Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.