Teacher Retirement System of Texas grew its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 262.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 897,148 shares of the company’s stock after acquiring an additional 649,929 shares during the quarter. Teacher Retirement System of Texas’ holdings in Discovery Communications were worth $20,078,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in Discovery Communications by 437.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after acquiring an additional 3,230 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Discovery Communications during the 4th quarter worth about $167,000. Flossbach Von Storch AG acquired a new stake in Discovery Communications during the 3rd quarter worth about $208,000. OLD National Bancorp IN acquired a new stake in Discovery Communications during the 3rd quarter worth about $222,000. Finally, Advisor Group Inc. grew its holdings in Discovery Communications by 27.7% during the 2nd quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock worth $235,000 after acquiring an additional 1,975 shares during the period. Hedge funds and other institutional investors own 48.00% of the company’s stock.

Discovery Communications Inc. (DISCA) opened at $22.61 on Friday. Discovery Communications Inc. has a 1 year low of $15.99 and a 1 year high of $30.25. The firm has a market cap of $8,270.00, a PE ratio of 17.80, a P/E/G ratio of 1.16 and a beta of 1.59. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.

DISCA has been the topic of a number of research analyst reports. Bank of America raised shares of Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, December 21st. Royal Bank of Canada reissued a “buy” rating and set a $29.00 price objective on shares of Discovery Communications in a research report on Friday, October 20th. BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Loop Capital cut their price objective on shares of Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Finally, Deutsche Bank cut their price objective on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, November 30th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Discovery Communications presently has an average rating of “Hold” and a consensus target price of $24.44.

In other Discovery Communications news, insider Bruce Campbell sold 3,047 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $18.17, for a total value of $55,363.99. Following the completion of the sale, the insider now owns 43,173 shares in the company, valued at approximately $784,453.41. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John C. Malone acquired 332,523 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was purchased at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the purchase, the director now owns 671,095 shares in the company, valued at approximately $13,233,993.40. The disclosure for this purchase can be found here. 6.81% of the stock is currently owned by company insiders.

WARNING: This report was posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/discovery-communications-inc-disca-holdings-increased-by-teacher-retirement-system-of-texas/1857185.html.

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.

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

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

Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.