Kovitz Investment Group Partners LLC Invests $1.08 Million in Discovery Communications, Inc. (DISCK)

Kovitz Investment Group Partners LLC acquired a new stake in Discovery Communications, Inc. (NASDAQ:DISCK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,870 shares of the company’s stock, valued at approximately $1,081,000.

Several other institutional investors also recently added to or reduced their stakes in DISCK. BlackRock Inc. increased its position in shares of Discovery Communications by 2,766.5% in the first quarter. BlackRock Inc. now owns 13,447,103 shares of the company’s stock valued at $380,687,000 after buying an additional 12,977,986 shares during the period. Seizert Capital Partners LLC increased its position in shares of Discovery Communications by 57.0% in the first quarter. Seizert Capital Partners LLC now owns 2,911,723 shares of the company’s stock valued at $82,431,000 after buying an additional 1,057,066 shares during the period. First Manhattan Co. increased its position in shares of Discovery Communications by 30.2% in the second quarter. First Manhattan Co. now owns 2,806,374 shares of the company’s stock valued at $70,748,000 after buying an additional 651,642 shares during the period. TD Asset Management Inc. increased its position in shares of Discovery Communications by 82.3% in the first quarter. TD Asset Management Inc. now owns 1,057,069 shares of the company’s stock valued at $29,926,000 after buying an additional 477,180 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Discovery Communications by 2.2% in the first quarter. Vanguard Group Inc. now owns 21,390,878 shares of the company’s stock valued at $605,575,000 after buying an additional 460,591 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Discovery Communications, Inc. (NASDAQ DISCK) traded up 1.05% on Friday, hitting $21.25. The stock had a trading volume of 2,865,659 shares. Discovery Communications, Inc. has a 12-month low of $20.90 and a 12-month high of $29.18. The stock has a 50 day moving average price of $24.12 and a 200-day moving average price of $26.18. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 11.27 and a beta of 1.47.

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

ILLEGAL ACTIVITY NOTICE: This report was originally published by Rincon Hill News and is the sole property of of Rincon Hill News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://rinconhillneighbors.org/2017/08/19/42870-shares-in-discovery-communications-inc-disck-acquired-by-kovitz-investment-group-partners-llc-updated.html.

DISCK has been the topic of a number of recent research reports. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Thursday, July 20th. BidaskClub cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a research note on Wednesday, May 17th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.00.

Discovery Communications Company 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.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCK)

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 our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.