Today, Capital Fund Management S.A. Invests $2,240,000 in Discovery Communications Inc. (DISCA)

Today, Capital Fund Management S.A. Invests $2,240,000 in Discovery Communications Inc. (DISCA)

Capital Fund Management S.A. purchased a new stake in Discovery Communications Inc. (NASDAQ:DISCA) during the second quarter, Holdings Channel reports. The firm purchased 88,777 shares of the company’s stock, valued at approximately $2,240,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Discovery Communications by 91.5% in the first quarter. Wellington Management Group LLP now owns 1,062,291 shares of the company’s stock valued at $30,413,000 after buying an additional 507,570 shares in the last quarter. Nuveen Asset Management LLC raised its position in Discovery Communications by 325.2% in the first quarter. Nuveen Asset Management LLC now owns 642,937 shares of the company’s stock valued at $18,408,000 after buying an additional 491,728 shares in the last quarter. Denali Advisors LLC raised its position in Discovery Communications by 153.1% in the second quarter. Denali Advisors LLC now owns 445,400 shares of the company’s stock valued at $11,237,000 after buying an additional 269,400 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Discovery Communications by 49.3% in the first quarter. UBS Asset Management Americas Inc. now owns 796,105 shares of the company’s stock valued at $22,793,000 after buying an additional 262,759 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in Discovery Communications by 90.8% in the first quarter. Riverhead Capital Management LLC now owns 360,582 shares of the company’s stock valued at $10,323,000 after buying an additional 171,549 shares in the last quarter. Institutional investors and hedge funds own 40.59% of the company’s stock.

Shares of Discovery Communications Inc. (NASDAQ:DISCA) traded up 0.54% during midday trading on Thursday, hitting $27.84. The stock had a trading volume of 2,476,920 shares. The stock’s 50-day moving average price is $25.85 and its 200 day moving average price is $26.63. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 15.14 and a beta of 1.59. Discovery Communications Inc. has a 52 week low of $23.66 and a 52 week high of $31.80.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The company earned $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $0.49 EPS. Discovery Communications’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Discovery Communications Inc. will post $1.97 earnings per share for the current year.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Discovery Communications in a report on Saturday, July 9th. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, July 27th. Jefferies Group reiterated a “hold” rating on shares of Discovery Communications in a report on Thursday, August 11th. MKM Partners reduced their target price on Discovery Communications from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, July 18th. Finally, Macquarie upgraded Discovery Communications from an “underperform” rating to a “neutral” rating and reduced their target price for the stock from $28.76 to $27.00 in a report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Discovery Communications has an average rating of “Hold” and an average target price of $30.15.

Discovery Communications Company Profile

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

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