Discovery Communications, Inc. (DISCK) Shares Bought by HighTower Advisors LLC
HighTower Advisors LLC increased its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,293 shares of the company’s stock after purchasing an additional 1,111 shares during the period. HighTower Advisors LLC’s holdings in Discovery Communications were worth $4,849,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DISCK. BlackRock Inc. grew its stake in shares of Discovery Communications by 2,766.5% during the 1st quarter. BlackRock Inc. now owns 13,447,103 shares of the company’s stock valued at $380,687,000 after purchasing an additional 12,977,986 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Discovery Communications by 42.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock worth $86,283,000 after purchasing an additional 1,016,006 shares during the period. First Manhattan Co. lifted its stake in shares of Discovery Communications by 30.2% in the 2nd quarter. First Manhattan Co. now owns 2,806,374 shares of the company’s stock worth $70,748,000 after purchasing an additional 651,642 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Discovery Communications by 326.6% in the second quarter. JPMorgan Chase & Co. now owns 740,082 shares of the company’s stock worth $18,657,000 after buying an additional 566,611 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Discovery Communications by 10.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company’s stock worth $148,192,000 after buying an additional 537,357 shares during the last quarter. 45.29% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 20th. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Discovery Communications currently has a consensus rating of “Hold” and an average price target of $29.00.
Discovery Communications, Inc. (NASDAQ:DISCK) traded down 0.69% on Tuesday, hitting $20.27. 112,839 shares of the company were exchanged. The firm’s 50 day moving average is $20.65 and its 200 day moving average is $24.62. Discovery Communications, Inc. has a 52 week low of $19.36 and a 52 week high of $29.18. The company has a market capitalization of $11.55 billion, a P/E ratio of 10.75 and a beta of 1.44.
Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings data 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 company 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 research analysts forecast that Discovery Communications, Inc. will post $2.24 earnings per share for the current fiscal year.
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.
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