Other large investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its position in Discovery Communications by 10.1% during the second quarter. The firm owned 283,747 shares of the company's stock after selling 19,953 shares during the period.
While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company's stock valued at $148,192,000 after acquiring an additional 537,357 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Discovery Communications during the 2nd quarter valued at about $964,000. Seizert Capital Partners LLC now owns 3,237,316 shares of the company's stock worth $81,613,000 after acquiring an additional 325,593 shares during the last quarter. Finally, Public Employees Retirement System of OH raised its stake in Discovery Communications by 0.3% during the 2nd quarter. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
Over the past five trading sessions shares of Foot Locker, Inc. (NASDAQ:DISCA) is performing -29.66%. Trading volume was up 485.23% over the stocks average daily volume. The company's revenue for the quarter was up 2.2% compared to the same quarter a year ago.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Monday, July 31st. In the latest earnings report the EPS was $1.88 and is projected to be $2.22 for the current year with 570,000,000 shares now outstanding.
ROE (Return on equity) was recorded as 13.90% and DISCA's has Return on assets (ROA) of 4.70% while Return on Investment (ROI) was recorded as 11.80%.
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Drexel Hamilton lowered Rice Midstream Partners from a buy rating to a hold rating in a research report on Monday, June 19th. Evermay Wealth Management LLC boosted its position in Magellan Midstream Partners, L.P.by 66.5% in the first quarter.
Analysts await Discovery Communications Inc. After $0.08 actual EPS reported by Petroleo Brasileiro SA Petrobras (ADR) for the previous quarter, Wall Street now forecasts 150.00% EPS growth. The firm's revenue for the quarter was up 2.2% on a year-over-year basis.
COPYRIGHT VIOLATION NOTICE: "Voya Investment Management LLC Has $3.37 Million Position in Discovery Communications, Inc. (DISCA) Upgraded to "Hold" by Zacks Investment Research" was published by Week Herald and is the property of of Week Herald. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. Discovery Comm Sr C now has $7.09B valuation. Other officers which have joined Paul Guagliardo in buying shares include Gunnar Wiedenfels who bought for 15000 shares. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. About 5.12M shares traded or 39.89% up from the average. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 55,000 shares of company stock valued at $1,243,300. The company's average Piotroski F-Score: 6 during the last 7 years.
DISCA has been the subject of a number of analyst reports.
10/13/2014 - Discovery Communications, Inc. had its "hold" rating reiterated by analysts at Jefferies. Barclays Capital downgraded it to "Equal-Weight" rating and $30 target in Friday, October 16 report. They set a "neutral" rating and a $27.00 price target for the company. BidaskClub upgraded shares of Discovery Communications from a "sell" rating to a "hold" rating in a research report on Tuesday, June 27th. The rating was upgraded by Pivotal Research on Thursday, August 6 to "Buy". Finally, Sanford C. Bernstein reissued an underperform rating on shares of Discovery Communications in a research note on Tuesday, September 12th.
Among 28 analysts covering Discovery Communications (NASDAQ:DISCA), 5 have Buy rating, 5 Sell and 18 Hold. UBS AG raised Discovery Communications from a sell rating to a neutral rating and lowered their target price for the stock from $25.00 to $23.00 in a research note on Tuesday, September 26th.