Discovery Communications, Inc. (DISCK) Shares Bought by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. boosted its position in Discovery Communications, Inc. (NASDAQ:DISCK) by 11.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 886,000 shares of the company’s stock after purchasing an additional 89,700 shares during the quarter. Discovery Communications comprises about 1.5% of Staley Capital Advisers Inc.’s holdings, making the stock its 26th largest position. Staley Capital Advisers Inc. owned 0.23% of Discovery Communications worth $17,950,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DISCK. Renaissance Technologies LLC acquired a new position in shares of Discovery Communications in the 1st quarter valued at approximately $3,365,000. Creative Planning increased its position in Discovery Communications by 1.0% in the second quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after buying an additional 87 shares during the period. LS Investment Advisors LLC increased its position in Discovery Communications by 5.0% in the second quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock worth $267,000 after buying an additional 502 shares during the period. Aperio Group LLC increased its position in Discovery Communications by 11.9% in the second quarter. Aperio Group LLC now owns 72,856 shares of the company’s stock worth $1,837,000 after buying an additional 7,729 shares during the period. Finally, US Bancorp DE increased its position in Discovery Communications by 4.9% in the second quarter. US Bancorp DE now owns 87,222 shares of the company’s stock worth $2,199,000 after buying an additional 4,093 shares during the period. Institutional investors and hedge funds own 48.43% of the company’s stock.

Shares of Discovery Communications, Inc. (NASDAQ:DISCK) opened at $18.57 on Wednesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. Discovery Communications, Inc. has a 52 week low of $14.99 and a 52 week high of $29.18. The company has a market capitalization of $7,399.13, a price-to-earnings ratio of 9.38 and a beta of 1.42.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Morgan Stanley reduced their target price on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. ValuEngine raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Finally, BidaskClub downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Discovery Communications currently has a consensus rating of “Hold” and an average price target of $25.50.

ILLEGAL ACTIVITY WARNING: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/12/06/staley-capital-advisers-inc-acquires-89700-shares-of-discovery-communications-inc-disck.html.

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.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCK)

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply