New South Capital Management Inc. Has $137.91 Million Stake in Discovery Communications, Inc. (DISCA)

New South Capital Management Inc. cut its stake in Discovery Communications, Inc. (NASDAQ:DISCA) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,740,727 shares of the company’s stock after selling 214,804 shares during the period. Discovery Communications makes up approximately 3.2% of New South Capital Management Inc.’s portfolio, making the stock its 7th largest position. New South Capital Management Inc. owned about 0.82% of Discovery Communications worth $137,908,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DISCA. Comerica Bank raised its stake in Discovery Communications by 12.9% in the fourth quarter. Comerica Bank now owns 46,435 shares of the company’s stock valued at $1,272,000 after buying an additional 5,305 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Discovery Communications by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,710 shares of the company’s stock valued at $239,000 after buying an additional 92 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Discovery Communications by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,397 shares of the company’s stock valued at $28,412,000 after buying an additional 7,468 shares in the last quarter. TCW Group Inc. raised its stake in Discovery Communications by 0.4% in the fourth quarter. TCW Group Inc. now owns 11,200 shares of the company’s stock valued at $307,000 after buying an additional 50 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in Discovery Communications during the fourth quarter valued at about $562,000. 44.55% of the stock is owned by institutional investors.

Discovery Communications, Inc. (NASDAQ:DISCA) traded up 1.16% during mid-day trading on Monday, reaching $26.09. The company’s stock had a trading volume of 674,212 shares. The firm’s 50 day moving average price is $26.24 and its 200 day moving average price is $27.76. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 13.65 and a beta of 1.61. Discovery Communications, Inc. has a 12-month low of $23.66 and a 12-month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $0.46 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts predict that Discovery Communications, Inc. will post $2.27 earnings per share for the current year.

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A number of equities research analysts have issued reports on DISCA shares. Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. FBR & Co reaffirmed a “hold” rating and set a $30.00 price objective on shares of Discovery Communications in a report on Friday, April 7th. Citigroup Inc. raised shares of Discovery Communications from a “sell” rating to a “neutral” rating in a report on Thursday, April 20th. Pivotal Research reaffirmed a “hold” rating and set a $28.00 price objective (up from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Finally, TheStreet raised shares of Discovery Communications from a “c+” rating to a “b-” rating in a report on Thursday, April 20th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.07.

In related news, insider Bruce Campbell sold 9,283 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $26.43, for a total transaction of $245,349.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul A. Gould sold 8,832 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the transaction, the director now directly owns 188,676 shares in the company, valued at approximately $4,901,802.48. The disclosure for this sale can be found here. Corporate insiders own 5.78% of the company’s stock.

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.

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

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