Insider Buying: Discovery Communications, Inc. (DISCA) Director Purchases $6,557,353.56 in Stock

Discovery Communications, Inc. (NASDAQ:DISCA) Director John C. Malone bought 332,523 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the completion of the transaction, the director now owns 671,095 shares in the company, valued at $13,233,993.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Discovery Communications, Inc. (NASDAQ DISCA) opened at $21.04 on Friday. The firm has a market capitalization of $7,596.24, a PE ratio of 9.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. Discovery Communications, Inc. has a 12-month low of $15.99 and a 12-month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). The company 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 revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. equities analysts anticipate that Discovery Communications, Inc. will post 1.94 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AXA grew its position in Discovery Communications by 3.8% during the 3rd quarter. AXA now owns 438,550 shares of the company’s stock worth $9,336,000 after purchasing an additional 16,000 shares during the period. California Public Employees Retirement System boosted its stake in shares of Discovery Communications by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 379,539 shares of the company’s stock worth $8,080,000 after acquiring an additional 25,439 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Discovery Communications during the 3rd quarter worth about $345,000. Cubist Systematic Strategies LLC boosted its stake in shares of Discovery Communications by 347.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 102,393 shares of the company’s stock worth $2,180,000 after acquiring an additional 79,513 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Discovery Communications during the 3rd quarter worth about $4,296,000. 48.25% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on DISCA shares. Loop Capital cut their target price on Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. B. Riley reissued a “neutral” rating and issued a $19.00 target price (down from $23.00) on shares of Discovery Communications in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $29.00 target price on shares of Discovery Communications in a research report on Friday, October 20th. Finally, BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Saturday. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.67.

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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.

Insider Buying and Selling by Quarter for Discovery Communications (NASDAQ:DISCA)

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