DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA) Position Raised by Gluskin Sheff & Assoc Inc.

Gluskin Sheff & Assoc Inc. boosted its stake in DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) by 169.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,879 shares of the company’s stock after purchasing an additional 167,679 shares during the quarter. Gluskin Sheff & Assoc Inc. owned about 0.07% of DISCOVERY COMMUNICATIONS INC. Common Stock worth $5,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in DISCA. Icon Wealth Partners LLC purchased a new position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock during the fourth quarter worth approximately $106,000. Delpha Capital Management LLC purchased a new position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock during the fourth quarter worth approximately $149,000. First Mercantile Trust Co. raised its stake in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 33.5% during the first quarter. First Mercantile Trust Co. now owns 10,600 shares of the company’s stock worth $227,000 after acquiring an additional 2,660 shares in the last quarter. Laurel Wealth Advisors Inc. purchased a new position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock during the fourth quarter worth approximately $234,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock during the fourth quarter worth approximately $259,000. 37.99% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on DISCA shares. MKM Partners raised shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday. BidaskClub raised shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “sell” rating to a “hold” rating in a research note on Thursday. Deutsche Bank raised shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, April 24th. Wells Fargo & Co raised shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research note on Monday, April 2nd. Finally, Zacks Investment Research raised shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, March 15th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.00.

In related news, Director J David Wargo purchased 50,000 shares of the stock in a transaction dated Wednesday, May 9th. The shares were acquired at an average cost of $21.37 per share, for a total transaction of $1,068,500.00. Following the acquisition, the director now directly owns 317,591 shares in the company, valued at approximately $6,786,919.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Savalle Sims sold 2,571 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $24.08, for a total transaction of $61,909.68. Following the transaction, the general counsel now owns 36,640 shares in the company, valued at $882,291.20. The disclosure for this sale can be found here. Insiders own 6.73% of the company’s stock.

NASDAQ:DISCA opened at $22.36 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 2.00. DISCOVERY COMMUNICATIONS INC. Common Stock has a twelve month low of $15.99 and a twelve month high of $27.92. The firm has a market capitalization of $11.35 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.53 and a beta of 1.49.

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. DISCOVERY COMMUNICATIONS INC. Common Stock had a negative net margin of 7.40% and a positive return on equity of 19.34%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $0.41 EPS. DISCOVERY COMMUNICATIONS INC. Common Stock’s revenue was up 43.0% on a year-over-year basis. analysts predict that DISCOVERY COMMUNICATIONS INC. Common Stock will post 2.59 earnings per share for the current fiscal year.

About DISCOVERY COMMUNICATIONS INC. Common Stock

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

Institutional Ownership by Quarter for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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