Goodnow Investment Group LLC Sells 145,550 Shares of Discovery Communications, Inc. (DISCK)
Goodnow Investment Group LLC decreased its position in Discovery Communications, Inc. (NASDAQ:DISCK) by 37.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 243,345 shares of the company’s stock after selling 145,550 shares during the quarter. Discovery Communications makes up 1.0% of Goodnow Investment Group LLC’s portfolio, making the stock its 17th biggest holding. Goodnow Investment Group LLC owned 0.06% of Discovery Communications worth $4,930,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in Discovery Communications by 0.8% in the second quarter. Swiss National Bank now owns 795,274 shares of the company’s stock valued at $20,049,000 after acquiring an additional 6,300 shares during the period. Seizert Capital Partners LLC lifted its holdings in Discovery Communications by 11.2% in the second quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock valued at $81,613,000 after acquiring an additional 325,593 shares during the period. First Trust Advisors LP lifted its holdings in Discovery Communications by 24.7% in the second quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock valued at $3,529,000 after acquiring an additional 27,714 shares during the period. Andra AP fonden lifted its holdings in Discovery Communications by 18.9% in the second quarter. Andra AP fonden now owns 93,000 shares of the company’s stock valued at $2,345,000 after acquiring an additional 14,800 shares during the period. Finally, K2 Principal Fund L.P. bought a new position in Discovery Communications in the second quarter valued at about $358,000. 48.43% of the stock is currently owned by institutional investors.
Shares of Discovery Communications, Inc. (NASDAQ DISCK) opened at $18.26 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The company has a market capitalization of $7,039.03, a PE ratio of 8.93 and a beta of 1.42. Discovery Communications, Inc. has a 1 year low of $14.99 and a 1 year high of $29.18.
A number of brokerages have commented on DISCK. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reduced their price target on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Finally, BidaskClub cut Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Discovery Communications has an average rating of “Hold” and an average target price of $25.50.
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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