Discovery Communications Sees Unusually High Options Volume (DISCA)

Discovery Communications Inc. (NASDAQ:DISCA) saw unusually large options trading activity on Wednesday. Stock investors bought 20,269 put options on the company. This is an increase of 2,495% compared to the average volume of 781 put options.

A number of research analysts recently weighed in on the stock. Pivotal Research restated a “sell” rating and issued a $27.00 price objective (up previously from $26.00) on shares of Discovery Communications in a report on Friday. MKM Partners lifted their price objective on shares of Discovery Communications to $40.00 and gave the company a “buy” rating in a report on Monday, November 5th. Barclays set a $27.00 price objective on shares of Discovery Communications and gave the company an “equal weight” rating in a report on Friday, October 26th. Credit Suisse Group upgraded shares of Discovery Communications from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $40.00 in a report on Wednesday, October 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Discovery Communications to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.22.

NASDAQ DISCA traded down $0.82 on Friday, hitting $32.98. 4,345,702 shares of the stock were exchanged, compared to its average volume of 4,517,158. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.84. Discovery Communications has a fifty-two week low of $15.99 and a fifty-two week high of $34.89. The stock has a market capitalization of $17.28 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). Discovery Communications had a positive return on equity of 17.68% and a negative net margin of 8.28%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm earned $0.43 EPS. The company’s revenue was up 57.0% on a year-over-year basis. On average, equities research analysts expect that Discovery Communications will post 2.63 earnings per share for the current fiscal year.

In other news, insider Jean-Briac Perrette sold 93,392 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $31.12, for a total value of $2,906,359.04. Following the sale, the insider now directly owns 141,534 shares of the company’s stock, valued at approximately $4,404,538.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth W. Lowe sold 183,621 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $25.58, for a total transaction of $4,697,025.18. Following the completion of the sale, the director now directly owns 1,331,277 shares in the company, valued at $34,054,065.66. The disclosure for this sale can be found here. Insiders have sold 317,374 shares of company stock worth $8,811,521 over the last ninety days. 6.73% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of DISCA. Truvestments Capital LLC acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $122,000. Dupont Capital Management Corp boosted its holdings in shares of Discovery Communications by 108.8% in the 2nd quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock valued at $165,000 after buying an additional 3,132 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $172,000. Chicago Equity Partners LLC acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $200,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $202,000. Institutional investors own 37.19% of the company’s stock.

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Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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