Flushing Financial (FFIC) Is At $26.34 Formed Wedge; Discovery Communications (DISCA) Has 2.69 Sentiment

June 14, 2018 - By Robert Davis

Discovery, Inc. (NASDAQ:DISCA) Logo

Flushing Financial Corporation (FFIC) formed wedge down with $25.02 target or 5.00% below today’s $26.34 share price. Flushing Financial Corporation (FFIC) has $751.22M valuation. The stock decreased 0.60% or $0.16 during the last trading session, reaching $26.34. About 32,124 shares traded. Flushing Financial Corporation (NASDAQ:FFIC) has declined 2.70% since June 14, 2017 and is downtrending. It has underperformed by 15.27% the S&P500. Some Historical FFIC News: ; 24/04/2018 – Flushing Financial Corporation Reports Record Commercial Business Loan Originations; 10.5% Annualized Net Loan Growth; 25/04/2018 – Flushing Financial Closes Below 50-Day Average: Technicals; 24/04/2018 – FLUSHING FINANCIAL CORP – INCREASED QUARTERLY DIVIDEND BY 11% TO $0.20 PER SHARE; 19/04/2018 – Flushing Bank Leases New Chinatown Branch Location; 24/04/2018 – Flushing Financial 1Q EPS 39c; 24/04/2018 – FLUSHING FINANCIAL CORP – QTRLY NET INTEREST INCOME WAS $42.6 MLN, DOWN 1.0% QTR-OVER-QTR AND 1.8% YEAR-OVER-YEAR; 16/03/2018 Flushing Financial Closes Above 200-Day Average: Technicals; 11/05/2018 – Macquarie Investment Management Exits Flushing Financial; 24/04/2018 – FLUSHING FINANCIAL 1Q CORE EPS 37C, EST. 45C; 18/05/2018 – Flushing Financial Closes Above 50-Day Moving Average

Discovery Communications Inc (DISCA) investors sentiment increased to 2.69 in 2018 Q1. It’s up 1.82, from 0.87 in 2017Q4. The ratio has increased, as 361 active investment managers increased and started new positions, while 134 sold and reduced their stock positions in Discovery Communications Inc. The active investment managers in our database now possess: 313.69 million shares, up from 228.72 million shares in 2017Q4. Also, the number of active investment managers holding Discovery Communications Inc in top ten positions decreased from 14 to 11 for a decrease of 3. Sold All: 42 Reduced: 92 Increased: 238 New Position: 123.

Discovery Communications, Inc. operates as a media firm worldwide. The company has market cap of $17.50 billion. The firm operates through U.S. It currently has negative earnings. Networks, International Networks, and Education and Other divisions.

More recent Discovery, Inc. (NASDAQ:DISCA) news were published by: Seekingalpha.com which released: “Aftermarket trade ripples run wide from AT&T/Time Warner decision” on June 12, 2018. Also Benzinga.com published the news titled: “MKM: Discovery Undervalued Given Growth Potential, Free Cash Flow Outlook” on June 05, 2018. Seekingalpha.com‘s news article titled: “Discovery Is Undervalued – Cramer’s Lightning Round (6/11/18)” with publication date: June 12, 2018 was also an interesting one.

Since January 1, 0001, it had 2 buys, and 3 insider sales for $368,338 activity.

Analysts await Discovery, Inc. (NASDAQ:DISCA) to report earnings on July, 30. They expect $0.83 EPS, up 22.06% or $0.15 from last year’s $0.68 per share. DISCA’s profit will be $594.91 million for 7.35 P/E if the $0.83 EPS becomes a reality. After $0.53 actual EPS reported by Discovery, Inc. for the previous quarter, Wall Street now forecasts 56.60% EPS growth.

Chieftain Capital Management Inc. holds 12.31% of its portfolio in Discovery, Inc. for 8.66 million shares. Cheyne Capital Management (Uk) Llp owns 840,337 shares or 7.41% of their US portfolio. Moreover, Vnbtrust National Association has 7.23% invested in the company for 639,571 shares. The Louisiana-based Diversified Investment Strategies Llc has invested 5.22% in the stock. Knightsbridge Asset Management Llc, a California-based fund reported 417,570 shares.

Ratings analysis reveals 11% of Discovery’s analysts are positive. Out of 9 Wall Street analysts rating Discovery, 1 give it “Buy”, 3 “Sell” rating, while 5 recommend “Hold”. The lowest target is $25.0 while the high is $35.0. The stock’s average target of $29.40 is 20.44% above today’s ($24.41) share price. DISCA was included in 9 notes of analysts from September 27, 2016. Credit Suisse downgraded the stock to “Underperform” rating in Tuesday, January 10 report. Barclays Capital downgraded the stock to “Underweight” rating in Thursday, January 5 report. The firm has “Hold” rating by Deutsche Bank given on Friday, February 10. The firm earned “Hold” rating on Wednesday, February 22 by Loop Capital. The rating was downgraded by Argus Research on Friday, November 11 to “Hold”. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, November 2. The stock has “Hold” rating by Pivotal Research on Thursday, January 12. The firm has “Sell” rating given on Tuesday, September 27 by Moffett Nathanson. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 16.

The stock increased 1.62% or $0.39 during the last trading session, reaching $24.41. About 9.76M shares traded or 69.55% up from the average. Discovery, Inc. (DISCA) has declined 12.73% since June 14, 2017 and is downtrending. It has underperformed by 25.30% the S&P500. Some Historical DISCA News: ; 29/05/2018 – ITV, BBC Explore Deal to Buy UKTV Stake From Discovery -The Telegraph; 18/04/2018 – Discovery Presenting at JPMorgan Conference May 16; 08/05/2018 – Discovery 1Q International Networks Revenue $1.1 Billion; 17/04/2018 – Discovery President And CEO David Zaslav To Give Keynote Presentation At The J.P. Morgan 2018 Global Technology, Media And Communications Conference; 17/05/2018 – Discovery Class C 11% Owned by Hedge Funds; 18/04/2018 – Discovery CEO Zaslav Says Key to Disruption Is Patience (Video); 28/03/2018 DISCOVERY INC – CEO DAVID M. ZASLAV’S 2017 TOTAL COMPENSATION WAS $42.2 MLN VS $37.2 MLN IN 2016 – SEC FILING; 17/04/2018 – Discovery Closes Above 50-Day Moving Average: Technicals; 24/04/2018 – KRAFT HEINZ – CO, FOOD NETWORK ANNOUNCE LAUNCH OF FOOD NETWORK KITCHEN INSPIRATIONS, A NEW LINE OF SALAD DRESSINGS, COOKING SAUCES AND MEAL KITS; 10/05/2018 – Discovery: Alvarez to Be Chief Accounting Officer With Departure of Kurt Wehner or Dec. 31, Whichever Occurs First

Among 5 analysts covering Flushing Financial (NASDAQ:FFIC), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Flushing Financial has $34.5 highest and $2800 lowest target. $30.25’s average target is 14.84% above currents $26.34 stock price. Flushing Financial had 18 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, August 25 by Zacks. Zacks downgraded the stock to “Sell” rating in Wednesday, September 2 report. The stock of Flushing Financial Corporation (NASDAQ:FFIC) has “Buy” rating given on Thursday, February 15 by Sandler O’Neill. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The company was maintained on Tuesday, August 8 by Keefe Bruyette & Woods. Piper Jaffray maintained the stock with “Hold” rating in Thursday, July 13 report. Sandler O’Neill downgraded the shares of FFIC in report on Wednesday, August 31 to “Hold” rating. Keefe Bruyette & Woods maintained the shares of FFIC in report on Wednesday, July 5 with “Hold” rating. The stock of Flushing Financial Corporation (NASDAQ:FFIC) earned “Hold” rating by Gabelli on Friday, November 11.

Since February 5, 2018, it had 2 insider buys, and 3 insider sales for $281,256 activity. 6,000 shares were sold by Obrien Donna M, worth $166,380. Another trade for 500 shares valued at $12,754 was made by Cullen Susan on Tuesday, May 1. 1,700 shares valued at $45,730 were sold by KORZEKWINSKI FRANCIS W on Friday, May 18.

Investors sentiment increased to 1.13 in 2018 Q1. Its up 0.13, from 1 in 2017Q4. It improved, as 8 investors sold Flushing Financial Corporation shares while 31 reduced holdings. 11 funds opened positions while 33 raised stakes. 21.65 million shares or 2.54% less from 22.21 million shares in 2017Q4 were reported. Geode Mngmt Limited Liability owns 263,711 shares for 0% of their portfolio. Highlander Cap Mngmt Ltd Limited Liability Company holds 0.02% of its portfolio in Flushing Financial Corporation (NASDAQ:FFIC) for 1,000 shares. Schwab Charles Mgmt accumulated 142,351 shares or 0% of the stock. Clarivest Asset Mngmt Limited Liability Corporation reported 38,700 shares. Blackrock Inc has 0% invested in Flushing Financial Corporation (NASDAQ:FFIC). Prudential holds 0% of its portfolio in Flushing Financial Corporation (NASDAQ:FFIC) for 70,268 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt owns 7,800 shares. 2.59 million are owned by Wellington Management Grp Llp. Credit Suisse Ag owns 60,055 shares. The Massachusetts-based Putnam Ltd Liability Corporation has invested 0% in Flushing Financial Corporation (NASDAQ:FFIC). Denali Advisors Limited Co accumulated 233 shares. Gabelli Funds owns 538,093 shares for 0.09% of their portfolio. Moreover, Citigroup Incorporated has 0% invested in Flushing Financial Corporation (NASDAQ:FFIC) for 8,082 shares. Voya Limited Co, Georgia-based fund reported 16,431 shares. Hennessy Advisors reported 170,000 shares stake.

Flushing Financial Corporation (NASDAQ:FFIC) Institutional Positions Chart

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