Stock Mover of The Day: Discovery Communications Inc Stock Decline in 2016 Q2 Driven by Institutional Investors

November 28, 2016 - By Clifton Ray   ·   0 Comments

Stock Mover of The Day: Discovery Communications Inc Stock Decline in  2016 Q2 Driven by Institutional Investors

Sentiment for Discovery Communications Inc (NASDAQ:DISCA)

Discovery Communications Inc (NASDAQ:DISCA) institutional sentiment decreased to 0.62 in 2016 Q2. Its down -0.21, from 0.83 in 2016Q1. The ratio has worsened, as 202 funds started new and increased positions, while 244 sold and reduced their stakes in Discovery Communications Inc. The funds in our partner’s database now hold: 221.89 million shares, down from 249.17 million shares in 2016Q1. Also, the number of funds holding Discovery Communications Inc in their top 10 positions decreased from 8 to 7 for a decrease of 1. Sold All: 46 Reduced: 198 Increased: 140 New Position: 62.

Discovery Communications, Inc., is a global media company. The company has a market cap of $10.70 billion. The Firm 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. It has a 15.28 P/E ratio. The Company’s divisions are U.S.

About 863,678 shares traded hands. Discovery Communications Inc. (NASDAQ:DISCA) has declined 1.40% since April 25, 2016 and is downtrending. It has underperformed by 7.41% the S&P500.

Analysts await Discovery Communications Inc. (NASDAQ:DISCA) to report earnings on February, 16. They expect $0.50 EPS, up 31.58% or $0.12 from last year’s $0.38 per share. DISCA’s profit will be $196.65M for 13.59 P/E if the $0.50 EPS becomes a reality. After $0.40 actual EPS reported by Discovery Communications Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

According to Zacks Investment Research, “DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66.66% owned equity affiliate Discovery Communications Holding, LLC. Ascent Media provides creative, media management and network services to the media and entertainment industries. Its client base includes motion picture studios, independent producers, broadcast networks, cable programming networks, advertising agencies, media producers, independent owners of television and film libraries, and media distribution channels. Discovery is a global media and entertainment company that offers original and purchased programming in the United States and over 170 other countries with over 100 television networks.”

Manor Road Capital Partners Llc holds 9.5% of its portfolio in Discovery Communications Inc. for 2.60 million shares. Vnbtrust National Association owns 465,439 shares or 6.5% of their US portfolio. Moreover, Bislett Management Llc has 5.4% invested in the company for 310,000 shares. The Illinois-based Central Square Management Llc has invested 4.91% in the stock. Van Den Berg Management I Inc, a Texas-based fund reported 1.51 million shares.#img1#

Discovery Communications Inc. (NASDAQ:DISCA) Ratings Coverage

Ratings analysis reveals 21% of Discovery Communications’s analysts are positive. Out of 19 Wall Street analysts rating Discovery Communications, 4 give it “Buy”, 6 “Sell” rating, while 9 recommend “Hold”. The lowest target is $23 while the high is $40. The stock’s average target of $28.59 is 5.11% above today’s ($27.2) share price. DISCA was included in 46 notes of analysts from August 3, 2015. The rating was maintained by RBC Capital Markets on Wednesday, November 16 with “Outperform”. As per Friday, July 15, the company rating was downgraded by UBS. Citigroup downgraded Discovery Communications Inc. (NASDAQ:DISCA) rating on Wednesday, May 18. Citigroup has “Sell” rating and $27 price target. Topeka Capital Markets maintained the shares of DISCA in a report on Monday, December 28 with “Buy” rating. The stock of Discovery Communications Inc. (NASDAQ:DISCA) earned “Neutral” rating by Citigroup on Friday, August 14. Pivotal Research upgraded the stock to “Buy” rating in Thursday, August 6 report. Barrington Research downgraded Discovery Communications Inc. (NASDAQ:DISCA) on Thursday, September 29 to “Market Perform” rating. Topeka Capital Markets maintained it with “Buy” rating and $39 target price in Tuesday, October 27 report. FBR Capital maintained Discovery Communications Inc. (NASDAQ:DISCA) on Wednesday, November 2 with “Mkt Perform” rating. On Tuesday, June 7 the stock rating was downgraded by Bernstein to “Underperform”.

DISCA Company Profile

Discovery Communications, Inc., (Discovery), incorporated on April 28, 2008, is a global media company. The Firm 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. The Company’s divisions are U.S. Networks, which consists principally of domestic television networks and Websites; International Networks, which consists primarily of international television networks and Websites; Education and Other, which consists principally of curriculum product and service offerings, and production studios, and Corporate and Inter-segment Eliminations.

More news for Discovery Communications Inc. (NASDAQ:DISCA) were recently published by: Wsj.com, which released: “Discovery Communications Profit Declines 22%” on November 01, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Discovery Communications Inc., 66.7% Follow-Through …” and published on November 01, 2016 is yet another important article.

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By Clifton Ray


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