Mn Services Vermogensbeheer B.V. raised its stake in shares of Discovery Communications by 573.8% in the second quarter. Institutional investors own 44.26% of the company's stock. More interesting news about Discovery Communications Inc.
John Janedis, media analyst for Jefferies & Co., commenting on the media deal, said: "While we believe the two companies are likely better positioned together, rather than apart, the longer-term issues facing the industry still remain". Teachers Advisors LLC owned 0.08% of Discovery Communications worth $13,380,000 at the end of the most recent quarter. (NASDAQ:DISCA) traded up 1.55% during trading on Friday, hitting $26.80.
Shares of Discovery Communications, Inc. The company has a market cap of $10.14 billion, a P/E ratio of 11.98 and a beta of 1.49. Each produces net profit margins in the high teens, with Discovery earning a net profit of $1.2 billion previous year.
News of the acquisition comes as Discovery Communications reported its Q2 financial results, which saw revenues of $1.745 billion, up 2 percent compared to the prior year. While in the same Quarter Previous year, the Actual EPS was $0.66. After having $0.41 EPS previously, Discovery Communications Inc.'s analysts see 68.29 % EPS growth.More news: Apple faces backlash for giving in to China's demands
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A number of research firms recently commented on DISCA. BidaskClub upgraded Discovery Communications from a "sell" rating to a "hold" rating in a research report on Tuesday, June 27th.
As is often the case with deals, shares of the buyer, in this case Discovery, were trending about 1.7 percent lower, while the stock of the takeover target rose about 1 percent. The company traded as low as $23.12 and last traded at $23.13, with a volume of 7,664,506 shares changing hands. Following the transaction, the director now owns 188,676 shares in the company, valued at $4,901,802.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. SNI stock is also up 22% year-to-date. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The disclosure for this sale can be found here. Insiders own 5.78% of the company's stock.
"We may have more IP than any other media company". The Firm provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. The Company's segments include U.S. Networks, International Networks, and Corporate and Other.