Discovery Communications, Inc. (DISCK) Shares Bought by Seizert Capital Partners LLC
Seizert Capital Partners LLC increased its holdings in Discovery Communications, Inc. (NASDAQ:DISCK) by 15.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,750,499 shares of the company’s stock after acquiring an additional 513,183 shares during the quarter. Discovery Communications makes up about 2.8% of Seizert Capital Partners LLC’s holdings, making the stock its 5th biggest position. Seizert Capital Partners LLC owned 0.66% of Discovery Communications worth $75,985,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System increased its holdings in shares of Discovery Communications by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 407,920 shares of the company’s stock valued at $8,264,000 after acquiring an additional 6,328 shares during the period. Markel Corp increased its holdings in shares of Discovery Communications by 6.5% in the 3rd quarter. Markel Corp now owns 1,028,000 shares of the company’s stock valued at $20,827,000 after acquiring an additional 63,000 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Discovery Communications in the 3rd quarter valued at $399,000. First Manhattan Co. increased its holdings in shares of Discovery Communications by 2.4% in the 3rd quarter. First Manhattan Co. now owns 2,875,072 shares of the company’s stock valued at $58,248,000 after acquiring an additional 68,698 shares during the period. Finally, First Quadrant L P CA increased its holdings in shares of Discovery Communications by 29.2% in the 3rd quarter. First Quadrant L P CA now owns 1,072,139 shares of the company’s stock valued at $21,722,000 after acquiring an additional 242,266 shares during the period. 45.66% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Morgan Stanley cut their target price on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, August 18th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Discovery Communications currently has an average rating of “Hold” and a consensus target price of $25.50.
Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The company had revenue of $1.75 billion during the quarter.
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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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