Managed Asset Portfolios LLC Buys 11,905 Shares of Discovery Communications, Inc. (DISCK)
Managed Asset Portfolios LLC increased its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,616 shares of the company’s stock after buying an additional 11,905 shares during the period. Discovery Communications comprises about 3.2% of Managed Asset Portfolios LLC’s holdings, making the stock its 18th largest position. Managed Asset Portfolios LLC owned 0.07% of Discovery Communications worth $8,238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new position in shares of Discovery Communications during the fourth quarter worth $115,000. Acrospire Investment Management LLC raised its position in shares of Discovery Communications by 51.4% in the third quarter. Acrospire Investment Management LLC now owns 5,600 shares of the company’s stock worth $147,000 after buying an additional 1,900 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of Discovery Communications during the third quarter worth $152,000. Toronto Dominion Bank raised its position in shares of Discovery Communications by 403.3% in the third quarter. Toronto Dominion Bank now owns 6,653 shares of the company’s stock worth $175,000 after buying an additional 5,331 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Discovery Communications by 138.8% in the third quarter. Pacer Advisors Inc. now owns 6,865 shares of the company’s stock worth $183,000 after buying an additional 3,990 shares in the last quarter. 48.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of Discovery Communications, Inc. (NASDAQ:DISCK) traded up 0.36% on Thursday, reaching $27.99. The company had a trading volume of 1,120,143 shares. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.28 and a beta of 1.50. Discovery Communications, Inc. has a 12 month low of $22.43 and a 12 month high of $28.91. The stock has a 50 day moving average price of $27.21 and a 200-day moving average price of $26.12.
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Separately, Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th.
About Discovery Communications
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.
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