Sterling Capital Management LLC Has $50.85 Million Position in Discovery Communications, Inc. (DISCK)

Sterling Capital Management LLC boosted its holdings in Discovery Communications, Inc. (NASDAQ:DISCK) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,509,976 shares of the company’s stock after purchasing an additional 187,197 shares during the quarter. Sterling Capital Management LLC owned approximately 0.66% of Discovery Communications worth $50,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cadence Capital Management LLC increased its stake in Discovery Communications by 0.7% in the second quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock valued at $204,000 after purchasing an additional 55 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Discovery Communications by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,866 shares of the company’s stock worth $1,131,000 after acquiring an additional 128 shares during the last quarter. Comerica Bank increased its stake in Discovery Communications by 0.7% during the second quarter. Comerica Bank now owns 80,264 shares of the company’s stock worth $2,045,000 after acquiring an additional 555 shares during the last quarter. HighTower Advisors LLC increased its stake in Discovery Communications by 0.6% during the second quarter. HighTower Advisors LLC now owns 192,293 shares of the company’s stock worth $4,849,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in Discovery Communications by 6.5% during the second quarter. Profund Advisors LLC now owns 19,471 shares of the company’s stock worth $491,000 after acquiring an additional 1,192 shares during the last quarter. Hedge funds and other institutional investors own 48.43% of the company’s stock.

Shares of Discovery Communications, Inc. (NASDAQ:DISCK) opened at $18.50 on Thursday. Discovery Communications, Inc. has a 1 year low of $14.99 and a 1 year high of $29.18. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $6,944.27, a PE ratio of 8.81 and a beta of 1.42.

Several brokerages have commented on DISCK. Morgan Stanley dropped their price target on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research lowered Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Discovery Communications currently has a consensus rating of “Hold” and a consensus price target of $25.50.

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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.

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

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