Discovery Communications Sees Unusually Large Options Volume (DISCA)

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Discovery Communications Inc. (NASDAQ:DISCA) saw some unusual options trading activity on Wednesday. Traders bought 40,341 call options on the company. This represents an increase of 4,363% compared to the typical volume of 904 call options.

Several large investors have recently added to or reduced their stakes in DISCA. United Services Automobile Association grew its position in shares of Discovery Communications by 79.6% in the 2nd quarter. United Services Automobile Association now owns 92,505 shares of the company’s stock worth $2,544,000 after buying an additional 41,000 shares during the period. Atria Investments LLC purchased a new stake in shares of Discovery Communications in the 3rd quarter worth about $340,000. DNB Asset Management AS grew its position in shares of Discovery Communications by 18.8% in the 3rd quarter. DNB Asset Management AS now owns 15,767 shares of the company’s stock worth $505,000 after buying an additional 2,500 shares during the period. Andra AP fonden grew its position in shares of Discovery Communications by 23.3% in the 3rd quarter. Andra AP fonden now owns 216,700 shares of the company’s stock worth $6,934,000 after buying an additional 41,000 shares during the period. Finally, Westbourne Investment Advisors Inc. purchased a new stake in shares of Discovery Communications in the 3rd quarter worth about $204,000. 35.71% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:DISCA opened at $28.32 on Thursday. The stock has a market capitalization of $14.81 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.31 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.61. Discovery Communications has a 1-year low of $20.59 and a 1-year high of $34.89.

Several research analysts have commented on DISCA shares. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Wolfe Research started coverage on shares of Discovery Communications in a report on Friday, December 7th. They issued an “outperform” rating for the company. Barclays restated a “hold” rating on shares of Discovery Communications in a report on Tuesday, December 4th. ValuEngine upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Imperial Capital decreased their price objective on shares of Discovery Communications from $37.00 to $31.00 and set an “inline” rating for the company in a report on Tuesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Discovery Communications presently has a consensus rating of “Buy” and an average price target of $32.38.

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About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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