Discovery Communications (DISCA) : Bislett Management scooped up 35,000 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 300,000 shares of Discovery Communications which is valued at $8.4 Million.Discovery Communications makes up approximately 5.79% of Bislett Management’s portfolio.
Other Hedge Funds, Including , Algert Global added DISCA to its portfolio by purchasing 29,893 company shares during the most recent quarter which is valued at $836,406. Discovery Communications makes up approx 0.32% of Algert Global’s portfolio.Ngam Advisors boosted its stake in DISCA in the latest quarter, The investment management firm added 9,107 additional shares and now holds a total of 113,272 shares of Discovery Communications which is valued at $3.2 Million. Discovery Communications makes up approx 0.05% of Ngam Advisors’s portfolio.Tarbox Group boosted its stake in DISCA in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 79 shares of Discovery Communications which is valued at $2,157.
Discovery Communications opened for trading at $26.34 and hit $26.76 on the upside on Friday, eventually ending the session at $26.17, with a gain of 0.27% or 0.07 points. The heightened volatility saw the trading volume jump to 36,58,477 shares. Company has a market cap of $3,938,088 M.
On the company’s financial health, Discovery Communications reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.43. The company had revenue of $1561.00 million for the quarter, compared to analysts expectations of $1561.24 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Discovery Communications. Shares were Downgraded by Citigroup on May 18, 2016 to ” Sell” and Lowered the Price Target to $ 27 from a previous price target of $30 .Company shares were Reiterated by FBR Capital on May 9, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $29 .Barrington Research Upgraded Discovery Communications on May 6, 2016 to ” Outperform”, Price Target of the shares are set at $33.
Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).