Virginia Retirement Systems ET AL Has $3.01 Million Holdings in Discovery Communications Inc. (NASDAQ:DISCA)

Virginia Retirement Systems ET AL decreased its holdings in Discovery Communications Inc. (NASDAQ:DISCA) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,500 shares of the company’s stock after selling 8,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Discovery Communications were worth $3,013,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its position in Discovery Communications by 32.8% in the 3rd quarter. Pacer Advisors Inc. now owns 8,579 shares of the company’s stock worth $275,000 after purchasing an additional 2,118 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Discovery Communications in the 3rd quarter worth approximately $214,000. Kentucky Retirement Systems bought a new position in Discovery Communications in the 3rd quarter worth approximately $1,685,000. Neuberger Berman Group LLC raised its position in Discovery Communications by 19.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 43,489 shares of the company’s stock worth $1,392,000 after purchasing an additional 7,033 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Discovery Communications by 144.3% during the 3rd quarter. Nordea Investment Management AB now owns 10,101 shares of the company’s stock valued at $323,000 after acquiring an additional 5,966 shares during the last quarter. 34.43% of the stock is currently owned by institutional investors.

Several analysts have commented on DISCA shares. ValuEngine upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Barrington Research reiterated a “buy” rating and set a $40.00 target price on shares of Discovery Communications in a research report on Tuesday, February 26th. Credit Suisse Group upped their target price on shares of Discovery Communications from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Finally, TheStreet upgraded shares of Discovery Communications from a “c” rating to a “b” rating in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Discovery Communications currently has a consensus rating of “Buy” and an average price target of $33.89.

Shares of DISCA stock traded down $0.59 on Wednesday, hitting $27.42. The stock had a trading volume of 2,901,965 shares, compared to its average volume of 4,090,177. Discovery Communications Inc. has a twelve month low of $20.59 and a twelve month high of $34.89. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.38 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.45.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. Discovery Communications had a net margin of 9.00% and a return on equity of 20.10%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. Research analysts expect that Discovery Communications Inc. will post 3.79 earnings per share for the current year.

In related news, General Counsel Savalle Sims sold 16,623 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $28.57, for a total value of $474,919.11. Following the completion of the transaction, the general counsel now directly owns 48,684 shares of the company’s stock, valued at approximately $1,390,901.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.43% of the stock is currently owned by corporate insiders.

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About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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