DekaBank Deutsche Girozentrale decreased its position in Discovery Communications, Inc. (NASDAQ:DISCK) by 16.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,921 shares of the company’s stock after selling 3,758 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Discovery Communications were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DISCK. Teacher Retirement System of Texas acquired a new stake in shares of Discovery Communications in the third quarter valued at about $3,626,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Discovery Communications by 101.7% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,855 shares of the company’s stock valued at $990,000 after acquiring an additional 24,630 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Discovery Communications by 8.4% in the third quarter. Toronto Dominion Bank now owns 77,502 shares of the company’s stock valued at $1,569,000 after acquiring an additional 5,991 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Discovery Communications by 168.8% in the third quarter. BNP Paribas Arbitrage SA now owns 128,782 shares of the company’s stock valued at $2,609,000 after acquiring an additional 80,872 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Discovery Communications by 18.6% in the third quarter. Candriam Luxembourg S.C.A. now owns 48,041 shares of the company’s stock valued at $973,000 after acquiring an additional 7,537 shares during the last quarter. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on DISCK. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. BidaskClub downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Morgan Stanley lowered their price target on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.50.

Discovery Communications, Inc. (NASDAQ:DISCK) opened at $16.46 on Friday. The firm has a market capitalization of $6,239.23, a P/E ratio of 7.91 and a beta of 1.42. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications, Inc. has a 12-month low of $14.99 and a 12-month high of $29.18.

ILLEGAL ACTIVITY NOTICE: “DekaBank Deutsche Girozentrale Sells 3,758 Shares of Discovery Communications, Inc. (DISCK)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/dekabank-deutsche-girozentrale-sells-3758-shares-of-discovery-communications-inc-disck/1726855.html.

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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Want to see what other hedge funds are holding DISCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications, Inc. (NASDAQ:DISCK).

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 Analyst Ratings Network's FREE daily email newsletter.