Ladenburg Thalmann Financial Services Inc. Has $147,000 Position in Discovery Communications Inc. (DISCA)

Ladenburg Thalmann Financial Services Inc. cut its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 4.0% during the fourth quarter, Holdings Channel reports. The fund owned 5,421 shares of the company’s stock after selling 223 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Discovery Communications were worth $147,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DISCA. BlackRock Group LTD boosted its stake in Discovery Communications by 1.9% in the third quarter. BlackRock Group LTD now owns 1,165,032 shares of the company’s stock worth $31,362,000 after buying an additional 21,628 shares in the last quarter. BlackRock Inc. boosted its stake in Discovery Communications by 3.4% in the third quarter. BlackRock Inc. now owns 275,370 shares of the company’s stock worth $7,413,000 after buying an additional 9,077 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Discovery Communications by 2.9% in the third quarter. BlackRock Fund Advisors now owns 2,439,714 shares of the company’s stock worth $65,677,000 after buying an additional 67,628 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Discovery Communications by 34.3% in the third quarter. Fisher Asset Management LLC now owns 606,930 shares of the company’s stock worth $16,339,000 after buying an additional 155,063 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Discovery Communications by 40.4% in the third quarter. Wells Fargo & Company MN now owns 1,877,922 shares of the company’s stock worth $50,554,000 after buying an additional 540,544 shares in the last quarter. Institutional investors and hedge funds own 41.96% of the company’s stock.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

Discovery Communications Inc. (NASDAQ:DISCA) opened at 27.54 on Friday. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 14.07 and a beta of 1.60. The company’s 50 day moving average price is $28.23 and its 200-day moving average price is $27.25. Discovery Communications Inc. has a 12-month low of $23.66 and a 12-month high of $29.91.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that Discovery Communications Inc. will post $2.16 EPS for the current year.

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A number of analysts have weighed in on DISCA shares. Credit Suisse Group AG restated an “underperform” rating and issued a $23.00 price target on shares of Discovery Communications in a research note on Saturday, January 28th. Barclays PLC cut Discovery Communications from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 5th. Pivotal Research cut Discovery Communications from a “buy” rating to a “hold” rating and cut their price target for the company from $33.00 to $28.00 in a research note on Thursday, January 12th. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 25th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $28.00 price target on shares of Discovery Communications in a research note on Wednesday, February 22nd. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.11.

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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

5 Day Chart for NASDAQ:DISCA

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