First Quadrant L P CA boosted its position in Discovery Communications, Inc. (NASDAQ:DISCK) by 47.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 829,873 shares of the company’s stock after buying an additional 266,499 shares during the period. First Quadrant L P CA owned approximately 0.19% of Discovery Communications worth $20,921,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Discovery Communications by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,479,476 shares of the company’s stock valued at $39,624,000 after buying an additional 26,951 shares during the last quarter. FMR LLC boosted its stake in shares of Discovery Communications by 48.5% in the fourth quarter. FMR LLC now owns 426,355 shares of the company’s stock valued at $11,418,000 after buying an additional 139,332 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Discovery Communications during the fourth quarter valued at $1,131,000. Norges Bank bought a new stake in shares of Discovery Communications during the fourth quarter valued at $35,163,000. Finally, Teachers Advisors LLC boosted its stake in shares of Discovery Communications by 4.0% in the fourth quarter. Teachers Advisors LLC now owns 467,294 shares of the company’s stock valued at $12,514,000 after buying an additional 18,077 shares during the last quarter. 46.79% of the stock is owned by institutional investors and hedge funds.
Shares of Discovery Communications, Inc. (DISCK) traded up 1.43% during midday trading on Friday, hitting $25.50. The company had a trading volume of 4,536,761 shares. The firm’s 50 day moving average is $25.38 and its 200 day moving average is $26.69. The company 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.
Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The firm had revenue of $1.61 billion for the quarter. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. Equities research analysts anticipate that Discovery Communications, Inc. will post $2.26 EPS for the current year.
Several equities research analysts have recently weighed in on DISCK shares. TheStreet raised Discovery Communications from a “c+” rating to a “b-” rating in a research note on Monday, April 10th. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.
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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