Tredje AP fonden lifted its holdings in Discovery Communications, Inc. (NASDAQ:DISCK) by 99.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,880 shares of the company’s stock after purchasing an additional 31,370 shares during the period. Tredje AP fonden’s holdings in Discovery Communications were worth $1,274,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its holdings in Discovery Communications by 2.2% during the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock worth $346,312,000 after acquiring an additional 289,985 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Discovery Communications by 25.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,362,821 shares of the company’s stock worth $149,171,000 after acquiring an additional 1,484,500 shares in the last quarter. State of Wisconsin Investment Board acquired a new position in Discovery Communications during the 3rd quarter worth approximately $136,312,000. Thompson Siegel & Walmsley LLC grew its holdings in Discovery Communications by 38.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 4,733,199 shares of the company’s stock worth $95,894,000 after acquiring an additional 1,310,637 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its holdings in Discovery Communications by 15.9% during the 3rd quarter. Seizert Capital Partners LLC now owns 3,750,499 shares of the company’s stock worth $75,985,000 after acquiring an additional 513,183 shares in the last quarter. Hedge funds and other institutional investors own 48.43% of the company’s stock.
Discovery Communications, Inc. (DISCK) opened at $18.34 on Friday. Discovery Communications, Inc. has a twelve month low of $14.99 and a twelve month high of $29.18. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The stock has a market cap of $7,110.00, a price-to-earnings ratio of 8.93 and a beta of 1.42.
Several research analysts have recently issued reports on DISCK shares. BidaskClub cut shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, August 18th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Morgan Stanley lowered their target price on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Discovery Communications has an average rating of “Hold” and an average price target of $25.50.
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Discovery Communications Profile
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.
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