Discovery Communications (DISCA) Raised to "Buy" at Bank of America
- Author: Valerie Cook Dec 25, 2017,
Dec 25, 2017, 15:31
Highland Capital Management Lp owns 3.27 million shares or 1.47% of their United States portfolio. The hedge fund held 48,333 shares of the consumer services company at the end of 2017Q3, valued at $1.03 million, down from 90,091 at the end of the previous reported quarter. The company has a market capitalization of $8,854.70, a PE ratio of 12.42, a PEG ratio of 1.32 and a beta of 1.55. (NASDAQ DISCA) traded up $0.37 during trading on Friday, reaching $23.73. About 7.60 million shares traded. eBay Inc. It has outperformed by 27.75% the S&P500.
Bislett Management Llc decreased its stake in Discovery Communications Inc (DISCA) by 33.67% based on its latest 2017Q3 regulatory filing with the SEC. Seizert Capital Partners LLC now owns 3,750,499 shares of the company's stock valued at $75,985,000 after buying an additional 513,183 shares during the period. Retirement Systems of Alabama now owns 74,557 shares of the company's stock valued at $1,926,000 after acquiring an additional 775 shares in the last quarter. The Rafferty Asset Management Llc holds 195,653 shares with $4.17 million value, up from 147,817 last quarter. Discovery Communications, Inc. (NASDAQ:DISCA) has declined 0.88% since December 23, 2016 and is downtrending. It has underperformed by 16.38% the S&P500. (NASDAQ:EBAY) to report earnings on January, 24. During the same period in the previous year, the firm posted $0.47 earnings per share. DISCA's profit will be $208.13 million for 15.61 P/E if the $0.38 EPS becomes a reality. The company's revenue for the quarter was up 6.1% on a year-over-year basis. research analysts anticipate that Discovery Communications will post 1.94 EPS for the current year. It also reduced its holding in Bp Plc (NYSE:BP) by 113,000 shares in the quarter, leaving it with 686,007 shares, and cut its stake in Fluor Corp New (NYSE:FLR).
Investors sentiment decreased to 0.73 in Q3 2017.
Its down 0.37, from 1.84 in 2017Q2. It dived, as 47 investors sold EBAY shares while 306 reduced holdings. 90 funds opened positions while 262 raised stakes. Following the completion of the transaction, the insider now owns 85,298 shares in the company, valued at approximately $1,833,907. Baystate Wealth Mgmt Ltd Company stated it has 40 shares or 0% of all its holdings. Levin Cap Strategies Limited Partnership reported 23,069 shares. Credit Agricole S A owns 959,182 shares. New York-based Adirondack Tru has invested 0.02% in eBay Inc. A 4 analysts rate it as either a buy or a strong buy, while 3 believe that investors should either steer clear of (NASDAQ:DISCA) or, if they already own its stock, sell it. (NASDAQ:EBAY). Fukoku Mutual Life Ins Co reported 0.03% in eBay Inc. (NASDAQ:DISCA). 250 are owned by Valley Natl Advisers Inc. Jupiter Asset holds 0.14% in eBay Inc. Northwestern Mutual Wealth Mngmt holds 0% or 2,017 shares in its portfolio. Addenda Incorporated invested in 0.16% or 110,018 shares. (NASDAQ:EBAY) for 45,873 shares. Therefore 55% are positive. eBay Inc had 138 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Wednesday, September 30 by Topeka Capital Markets. The stock has "Hold" rating by Needham on Tuesday, July 25. The stock of eBay Inc. (NASDAQ:DISCA) rating on Monday, November 6. The rating was downgraded by Pivotal Research to "Hold" on Thursday, January 12. The rating was maintained by M Partners with "Neutral" on Friday, May 6. (NASDAQ:DISCA) earned "Hold" rating by Jefferies on Monday, July 17. The company was maintained on Thursday, November 2 by Jefferies.
Since December 13, 2017, it had 3 insider purchases, and 1 insider sale for $10.39 million activity. The firm bought 201,768 shares of the company's stock, valued at approximately $4,296,000. The stock of Discovery Communications, Inc. 69,406 eBay Inc. (NASDAQ:EBAY) shares with value of $2.61 million were sold by FISHER STEPHEN. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Therefore 90% are positive. As per Tuesday, August 1, the company rating was upgraded by Citigroup. Thompson Siegel & Walmsley LLC lifted its stake in Discovery Communications by 38.3% in the third quarter. (Nasdaq: "DISCA) to Ring the Nasdaq Stock Market ..." on December 22, 2017, also Benzinga.com with their article: "Jon Najarian Sees Unusual Options Activity In Discovery Communications And ..." published on December 15, 2017, Seekingalpha.com published: "Discovery Communications shuffles EMEA leadership" on November 30, 2017. The stock has "Buy" rating by BMO Capital Markets on Wednesday, September 6. UBS upgraded it to "Hold" rating and $23.0 target in Tuesday, September 26 report. Barclays Capital maintained Discovery Communications, Inc. (NASDAQ:DISCA) rating on Monday, September 18. On Thursday, November 9 the stock rating was downgraded by Monness Crespi & Hardt to "Neutral". The firm has "Underperform" rating given on Tuesday, June 7 by Bernstein. Its up 0.10, from 0.82 in 2017Q2.
Meiji Yasuda Asset Management Co Ltd. raised its stake in Discovery Communications Inc. Its up 0.78% from 35.29 million shares, reported previously. Gulf International Fincl Bank (Uk) Limited holds 0.02% of its portfolio in Discovery Communications, Inc. (NASDAQ:DISCA). Bessemer Group holds 437 shares or 0% of its portfolio. Shelton Cap Mgmt invested in 16,938 shares or 0.03% of the stock. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. (NASDAQ:DISCA). First Pacific Advsr Ltd accumulated 159,800 shares.