Ensemble Capital Management buys $13,718,337 stake in Discovery Communications (DISCA)

Discovery Communications (DISCA) : Ensemble Capital Management scooped up 178,305 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 520,620 shares of Discovery Communications which is valued at $13,718,337.Discovery Communications makes up approximately 3.71% of Ensemble Capital Management’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in DISCA in the latest quarter, The investment management firm added 1,394 additional shares and now holds a total of 11,277 shares of Discovery Communications which is valued at $297,149.Tower Research Capital (trc) boosted its stake in DISCA in the latest quarter, The investment management firm added 3,001 additional shares and now holds a total of 3,140 shares of Discovery Communications which is valued at $82,739. Discovery Communications makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.

Discovery Communications closed down -0.07 points or -0.27% at $25.66 with 11,05,691 shares getting traded on Monday. Post opening the session at $25.76, the shares hit an intraday low of $25.65 and an intraday high of $25.91 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Discovery Communications reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $1708.00 million for the quarter, compared to analysts expectations of $1709.64 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Discovery Communications. Discovery Communications was Upgraded by Macquarie to ” Neutral” on Aug 3, 2016. Company shares were Reiterated by MKM Partners on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .Shares were Reiterated by MKM Partners on Jul 18, 2016 to “Neutral” and Lowered the Price Target to $ 27 from a previous price target of $28 .

Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

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