Discovery Communications, Inc. (NASDAQ:DISCK) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 9,395,117 shares, an increase of 32.4% from the August 15th total of 7,096,019 shares. Based on an average trading volume of 2,532,254 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.6% of the company’s stock are sold short.

A number of hedge funds and other institutional investors have recently modified their holdings of DISCK. BlackRock Inc. increased its holdings in Discovery Communications by 2,766.5% during the 1st quarter. BlackRock Inc. now owns 13,447,103 shares of the company’s stock worth $380,687,000 after purchasing an additional 12,977,986 shares during the period. Seizert Capital Partners LLC boosted its position in shares of Discovery Communications by 57.0% during the 1st quarter. Seizert Capital Partners LLC now owns 2,911,723 shares of the company’s stock worth $82,431,000 after acquiring an additional 1,057,066 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Discovery Communications by 42.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock worth $86,283,000 after acquiring an additional 1,016,006 shares in the last quarter. First Manhattan Co. boosted its position in shares of Discovery Communications by 30.2% during the 2nd quarter. First Manhattan Co. now owns 2,806,374 shares of the company’s stock worth $70,748,000 after acquiring an additional 651,642 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Discovery Communications by 326.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 740,082 shares of the company’s stock worth $18,657,000 after acquiring an additional 566,611 shares in the last quarter. Institutional investors own 45.30% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, August 18th. BidaskClub downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Finally, TheStreet downgraded Discovery Communications from a “b-” rating to a “c+” rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.00.

Shares of Discovery Communications (DISCK) opened at 19.96 on Thursday. Discovery Communications has a one year low of $19.36 and a one year high of $29.18. The firm has a market cap of $11.38 billion, a P/E ratio of 10.59 and a beta of 1.46. The firm has a 50-day moving average price of $21.96 and a 200 day moving average price of $25.34.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company had revenue of $1.75 billion for the quarter. On average, analysts forecast that Discovery Communications will post $2.24 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.dailypolitical.com/2017/09/13/short-interest-in-discovery-communications-inc-disck-grows-by-32-4.html.

About Discovery Communications

Discovery Communications, Inc (Discovery) is a global media company. The Company 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. Its segments include U.S.

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.