Short Interest in Discovery Communications, Inc. (NASDAQ:DISCK) Rises By 46.8%

Lloyd Doyle
December 7, 2017

Cadence Capital Management LLC now owns 8,111 shares of the company's stock valued at $204,000 after acquiring an additional 55 shares in the last quarter. After $0.23 actual earnings per share reported by PTC Inc. for the previous quarter, Wall Street now forecasts -26.09% negative EPS growth. Northwestern Mutual Investment Management Company LLC's holdings in Discovery Communications were worth $898,000 as of its most recent SEC filing. The stock decreased 2.11% or $0.42 during the last trading session, reaching $19.44. About 812,804 shares traded. Discovery Communications has a fifty-two week low of $19.25 and a fifty-two week high of $30.80. It has underperformed by 17.58% the S&P500.

Factory Mutual Insurance Company increased its stake in Mylan N V (MYL) by 250% based on its latest 2017Q2 regulatory filing with the SEC. Nj State Employees Deferred Compensation Plan sold 10,000 shares as the company's stock rose 1.36% with the market. The institutional investor held 161,000 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $6.25 million, up from 46,000 at the end of the previous reported quarter. The company has a market cap of $7,399.13, a P/E ratio of 9.38 and a beta of 1.42. They expect $0.45 earnings per share, down 19.64% or $0.11 from last year's $0.56 per share. PTC Inc. (NASDAQ:PTC) has risen 57.23% since December 6, 2016 and is uptrending.

Recent trading patterns in the stock of Discovery Communications, Inc. Zacks Investment Research upgraded Discovery Communications from a "sell" rating to a "hold" rating in a research note on Wednesday, October 18th. (NASDAQ:PTC) news was published by Prnewswire.com which published an article titled: "Schubert Firm Launches Investigation Of PTC Therapeutics, Inc".

Shares of Discovery Communications, Inc. (NASDAQ:DISCK) as Buy, 0 analysts given Outperform signal, 4 reported Hold, and 0 analysts rated the stock as Sell. Therefore 17% are positive. PTC had 35 analyst reports since July 30, 2015 according to SRatingsIntel. Pivotal Research downgraded Discovery Communications, Inc.

Discovery Communications Company Profile Discovery Communications, Inc (Discovery) is a global media company. The stock now has a consensus rating of "Hold" and a consensus target price of $25.50. The rating was maintained by RBC Capital Markets on Wednesday, September 30 with "Sector Perform". ValuEngine raised Discovery Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, October 10th. The firm has "Neutral" rating by Citigroup given on Friday, August 14. Loop Capital maintained it with "Hold" rating and $21 target in Friday, November 3 report. Its down 0.01, from 1.15 in 2017Q1. It worsened, as 52 investors sold DISCA shares while 186 reduced holdings. 59 funds opened positions while 108 raised stakes. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in Discovery Communications, Inc.


Investors sentiment decreased to 1.14 in 2017 Q2. RBC Capital Markets maintained Discovery Communications, Inc. Nordea Mgmt invested 0% in Discovery Communications, Inc. Riverhead Capital Mgmt Llc reported 8,691 shares or 0.02% of all its holdings. (NASDAQ:PTC) or 34 shares. Psagot Investment House Ltd has 500 shares for 0% of their portfolio. (NASDAQ:DISCA). Ent Services Corp, a Missouri-based fund reported 420 shares. Cornerstone Advsr has 411 shares for 0.01% of their portfolio. Hitchwood Capital Management Lp, a New York-based fund reported 400,000 shares. 1,991 are held by Advsr Asset Management.

Since June 13, 2017, it had 0 insider purchases, and 2 insider sales for $369,123 activity. Virtus Investment Advisers Inc. bought a new position in Discovery Communications during the third quarter worth approximately $105,000. (NASDAQ:DISCA) on Tuesday, June 13.

Princeton Portfolio Strategies Group Llc, which manages about $199.15M and $349.63 million US Long portfolio, decreased its stake in Mckesson Corporation (NYSE:MCK) by 14,446 shares to 10,835 shares, valued at $1.78 million in 2017Q2, according to the filing. Lord Abbett & Ltd Liability owns 149,088 shares. Gulf Intll Commercial Bank (Uk) Limited invested in 0.08% or 139,930 shares.

Analysts await PTC Inc. The stock has "Buy" rating by Mizuho on Monday, October 23. Jefferies maintained the shares of DISCA in report on Thursday, September 7 with "Hold" rating.

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