NN Investment Partners Holdings N.V. raised its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 857.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,913 shares of the company’s stock after buying an additional 13,355 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Discovery Communications were worth $376,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of Discovery Communications by 1.5% in the fourth quarter. Macquarie Group Ltd. now owns 67,015 shares of the company’s stock valued at $1,795,000 after buying an additional 970 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Discovery Communications by 1.7% in the first quarter. Bank of Montreal Can now owns 206,041 shares of the company’s stock valued at $5,833,000 after buying an additional 3,413 shares in the last quarter. BB&T Corp raised its stake in shares of Discovery Communications by 4.5% in the first quarter. BB&T Corp now owns 231,770 shares of the company’s stock valued at $6,561,000 after buying an additional 9,905 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Discovery Communications by 2.9% in the first quarter. Prudential Financial Inc. now owns 1,051,013 shares of the company’s stock valued at $29,754,000 after buying an additional 29,409 shares in the last quarter. Finally, First Quadrant L P CA raised its stake in shares of Discovery Communications by 4.7% in the first quarter. First Quadrant L P CA now owns 563,374 shares of the company’s stock valued at $15,949,000 after buying an additional 25,112 shares in the last quarter. Hedge funds and other institutional investors own 46.79% of the company’s stock.
Discovery Communications, Inc. (NASDAQ:DISCK) opened at 25.50 on Friday. The firm has a market capitalization of $11.30 billion, a P/E ratio of 13.34 and a beta of 1.49. Discovery Communications, Inc. has a 52-week low of $23.24 and a 52-week high of $29.18. The company has a 50 day moving average price of $25.38 and a 200 day moving average price of $26.69.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.09. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The firm had revenue of $1.61 billion for the quarter. On average, equities analysts forecast that Discovery Communications, Inc. will post $2.26 EPS for the current fiscal year.
DISCK has been the subject of several analyst reports. Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, TheStreet downgraded Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th.
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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