It increased, as 44 investors sold Discovery Communications Inc. shares while 196 reduced holdings. The company had a trading volume of 101 shares. BlackRock Inc. raised its position in Discovery Communications by 2,394.5% in the first quarter. It also reduced its holding in Enviva Partners Lp by 15,450 shares in the quarter, leaving it with 28,975 shares, and cut its stake in Tjx Cos Inc (NYSE:TJX). Candriam Luxembourg S.C.A. increased its stake in Discovery Communications by 79.0% in the second quarter.
Suntrust Banks Inc decreased its stake in Discovery Communicatns New (DISCA) by 35.89% based on its latest 2016Q4 regulatory filing with the SEC. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company's stock valued at $330,000 after buying an additional 103 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Discovery Communications by 2.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company's stock valued at $106,000 after buying an additional 215 shares in the last quarter.
Westbourne Investment Advisors Inc. decreased its position in Discovery Communications, Inc. Hotchkis & Wiley Capital Management LLC controls 5,878,321 shares valued at $148,192,000. Discovery Communications has a 52-week low of $23.68 and a 52-week high of $30.25.
Discovery Communications Srs A (NASDAQ:DISCA) had an increase of 1.28% in short interest. The firm has a 50-day moving average of $24.76 and a 200 day moving average of $26.44. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 12.15 and a beta of 1.59. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.76 billion.
Boasting a price of $22.99, Discovery Communications (NDAQ:DISCA) traded 0.00% even on the day. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Equities research analysts anticipate that Discovery Communications, Inc. will post $2.24 earnings per share for the current year. (NASDAQ:MU) were released by: Seekingalpha.com and their article: "Micron Technology Is Looking Cheap" published on August 08, 2017 as well as Seekingalpha.com's news article titled: "Apple Needs Micron Technology" with publication date: August 07, 2017. Strs Ohio boosted its stake in shares of Discovery Communications by 59,357.5% in the first quarter.
Several equities research analysts recently issued reports on the stock.
TRADEMARK VIOLATION WARNING: "Newhouse Broadcasting Corp Owns Stake in Discovery Communications, Inc". Cowen and Company reaffirmed a "hold" rating and set a $25.00 price objective on shares of Discovery Communications in a research note on Thursday, August 3rd. Zacks Lowered stocks of Discovery Communications from a "hold" recommendation to a "sell" recommendation in a analysis note on early Thur, May 4th. ValuEngine lowered shares of Discovery Communications from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Discovery Communications now has an average rating of "Hold" and an average price target of $28.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. The shares were bought at an average price of $23.01 per share, for a total transaction of $460,200.00. BlackRock Inc. now owns 9,346,002 shares of the company's stock valued at $271,875,000 after buying an additional 8,971,338 shares in the last quarter. The disclosure for this purchase can be found here. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
Discovery Communications, Inc. (Discovery), launched on April 28, 2008, 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. Networks, which consists principally of domestic television networks and digital content services; International Networks, consisting primarily of international television networks and digital content services, and Education and Other, which consists principally of curriculum-based product and service offerings, and production studios.