Commerce Bank purchased a new stake in Discovery Communications Inc. (NASDAQ:DISCK) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,495 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds also recently made changes to their positions in the company. Landscape Capital Management L.L.C. boosted its stake in Discovery Communications by 40.1% in the first quarter. Landscape Capital Management L.L.C. now owns 27,296 shares of the company’s stock valued at $737,000 after buying an additional 7,816 shares in the last quarter. Shufro Rose & Co. LLC acquired a new stake in Discovery Communications during the first quarter valued at approximately $364,000. Sentry Investment Management LLC boosted its stake in Discovery Communications by 370.4% in the first quarter. Sentry Investment Management LLC now owns 5,410 shares of the company’s stock valued at $146,000 after buying an additional 4,260 shares in the last quarter. Algert Global LLC boosted its stake in Discovery Communications by 13.6% in the first quarter. Algert Global LLC now owns 22,026 shares of the company’s stock valued at $595,000 after buying an additional 2,636 shares in the last quarter. Finally, FDO Partners LLC boosted its stake in Discovery Communications by 15.7% in the first quarter. FDO Partners LLC now owns 38,093 shares of the company’s stock valued at $1,029,000 after buying an additional 5,171 shares in the last quarter. 50.63% of the stock is currently owned by institutional investors and hedge funds.

Discovery Communications Inc. (NASDAQ:DISCK) opened at 23.61 on Friday. Discovery Communications Inc. has a 12 month low of $22.43 and a 12 month high of $29.93. The firm has a market capitalization of $9.87 billion, a PE ratio of 12.84 and a beta of 1.45. The stock’s 50 day moving average price is $24.99 and its 200 day moving average price is $25.86.

Separately, Zacks Investment Research cut Discovery Communications from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

5 Day Chart for NASDAQ:DISCK

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