Cubic Asset Management LLC continued to hold its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,800 shares of the company’s stock at the end of the second quarter. Cubic Asset Management LLC’s holdings in Discovery Communications were worth $222,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Discovery Communications during the first quarter valued at about $178,000. Daiwa Securities Group Inc. raised its position in shares of Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock valued at $180,000 after buying an additional 950 shares during the period. Quantbot Technologies LP raised its position in shares of Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock valued at $187,000 after buying an additional 6,039 shares during the period. Trust Co. of Oklahoma acquired a new position in shares of Discovery Communications during the first quarter valued at about $209,000. Finally, Weik Investment Services Inc. acquired a new position in shares of Discovery Communications during the first quarter valued at about $209,000. 46.96% of the stock is currently owned by institutional investors.
Shares of Discovery Communications, Inc. (NASDAQ:DISCK) opened at 23.13 on Tuesday. Discovery Communications, Inc. has a 12 month low of $22.85 and a 12 month high of $29.18. The company has a 50 day moving average of $25.32 and a 200-day moving average of $26.67. The firm has a market capitalization of $10.25 billion, a P/E ratio of 12.10 and a beta of 1.49.
Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The company had revenue of $1.61 billion during the quarter. Analysts predict that Discovery Communications, Inc. will post $2.26 EPS for the current year.
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A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. BidaskClub upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
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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