Discovery Communications Inc. (DISCA) Short Interest Update

Discovery Communications Inc. (NASDAQ:DISCA) was the recipient of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 34,210,851 shares, a decline of 8.1% from the December 15th total of 37,207,510 shares. Approximately 22.7% of the company’s stock are short sold. Based on an average daily trading volume, of 5,902,244 shares, the short-interest ratio is currently 5.8 days.

In other news, Director John C. Malone purchased 332,523 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the purchase, the director now directly owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $15.45 per share, for a total transaction of $231,750.00. Following the purchase, the chief financial officer now directly owns 50,000 shares in the company, valued at $772,500. The disclosure for this purchase can be found here. Insiders have purchased a total of 527,523 shares of company stock worth $9,629,104 in the last ninety days. 6.81% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of Discovery Communications by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after acquiring an additional 1,297,175 shares during the period. FMR LLC lifted its stake in shares of Discovery Communications by 32.7% in the 2nd quarter. FMR LLC now owns 4,938,569 shares of the company’s stock worth $127,563,000 after acquiring an additional 1,216,517 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Discovery Communications by 5.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after acquiring an additional 917,632 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Discovery Communications in the 3rd quarter worth approximately $19,118,000. Finally, Vanguard Group Inc. lifted its stake in shares of Discovery Communications by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after acquiring an additional 858,015 shares during the period. 48.13% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on DISCA shares. Bank of America raised shares of Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday, December 21st. Deutsche Bank dropped their target price on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Thursday, November 30th. BidaskClub downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $24.00 target price (down previously from $29.00) on shares of Discovery Communications in a research report on Friday, November 3rd. Finally, Barclays dropped their target price on shares of Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, October 13th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.44.

Shares of Discovery Communications (NASDAQ:DISCA) opened at $25.71 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The firm has a market cap of $9,699.99, a PE ratio of 12.30, a P/E/G ratio of 1.27 and a beta of 1.55. Discovery Communications has a 1 year low of $15.99 and a 1 year high of $30.25.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. research analysts expect that Discovery Communications will post 1.95 earnings per share for the current year.

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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.

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