Oxbow Advisors LLC Increases Position in Discovery Communications, Inc. (NASDAQ:DISCA)

Oxbow Advisors LLC boosted its position in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 192,540 shares of the company’s stock after buying an additional 1,605 shares during the period. Oxbow Advisors LLC’s holdings in Discovery Communications were worth $4,973,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DISCA. Mn Services Vermogensbeheer B.V. increased 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 period. Daiwa Securities Group Inc. increased its stake in shares of Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock worth $132,000 after buying an additional 900 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Discovery Communications during the first quarter worth approximately $134,000. Ameritas Investment Partners Inc. bought a new stake in shares of Discovery Communications during the first quarter worth approximately $182,000. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Discovery Communications during the first quarter worth approximately $189,000. 44.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Discovery Communications, Inc. (NASDAQ DISCA) traded down 2.38% during mid-day trading on Tuesday, hitting $25.86. The company had a trading volume of 3,870,592 shares. The company has a market capitalization of $11.46 billion, a P/E ratio of 13.53 and a beta of 1.60. Discovery Communications, Inc. has a one year low of $23.95 and a one year high of $30.25. The firm’s 50-day moving average price is $26.19 and its 200 day moving average price is $27.41.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Analysts predict that Discovery Communications, Inc. will post $2.25 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on DISCA. FBR & Co reiterated a “hold” rating and set a $30.00 price objective on shares of Discovery Communications in a research report on Friday, April 7th. Pivotal Research reiterated a “hold” rating and set a $28.00 price objective (up previously from $27.00) on shares of Discovery Communications in a research report on Sunday, April 23rd. TheStreet upgraded Discovery Communications from a “c+” rating to a “b-” rating in a research report on Thursday, April 20th. Citigroup Inc. upgraded Discovery Communications from a “sell” rating to a “neutral” rating in a research report on Thursday, April 20th. Finally, Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. Discovery Communications currently has a consensus rating of “Hold” and an average price target of $28.65.

In other Discovery Communications news, insider Bruce Campbell sold 9,283 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul A. Gould sold 8,832 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total transaction of $229,455.36. Following the sale, the director now directly owns 188,676 shares in the company, valued at $4,901,802.48. The disclosure for this sale can be found here. Insiders own 5.78% 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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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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