Northpointe Capital LLC Acquires New Stake in Discovery Communications, Inc. (DISCA)

Northpointe Capital LLC acquired a new stake in Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 91,026 shares of the company’s stock, valued at approximately $2,351,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Martingale Asset Management L P boosted its position in shares of Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock worth $598,000 after buying an additional 52 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Discovery Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $245,000 after buying an additional 100 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Discovery Communications by 0.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock worth $330,000 after buying an additional 103 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock worth $442,000 after buying an additional 130 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Discovery Communications by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company’s stock worth $330,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 44.22% of the company’s stock.

Discovery Communications, Inc. (NASDAQ DISCA) opened at 22.60 on Thursday. The firm has a 50-day moving average price of $25.33 and a 200-day moving average price of $27.02. Discovery Communications, Inc. has a 52-week low of $22.51 and a 52-week high of $30.25. The company has a market cap of $12.88 billion, a PE ratio of 11.99 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. On average, analysts forecast that Discovery Communications, Inc. will post $2.23 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://sportsperspectives.com/2017/08/17/northpointe-capital-llc-acquires-new-stake-in-discovery-communications-inc-disca.html.

A number of research analysts recently commented on DISCA shares. Citigroup Inc. upgraded Discovery Communications from a “sell” rating to a “neutral” rating in a research report on Thursday, April 20th. Pivotal Research restated a “hold” rating and issued a $28.00 price target (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. MKM Partners restated a “neutral” rating and issued a $30.00 price target (up previously from $27.00) on shares of Discovery Communications in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC restated a “hold” rating on shares of Discovery Communications in a research report on Friday, May 12th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Discovery Communications currently has an average rating of “Hold” and an average price target of $27.27.

In other Discovery Communications news, insider Bruce Campbell sold 9,283 shares of Discovery Communications stock in a transaction on Thursday, June 15th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $21.70 per share, with a total value of $325,500.00. Following the purchase, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $759,500. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 45,000 shares of company stock valued at $1,016,200. 5.78% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding DISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications, Inc. (NASDAQ:DISCA).

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply