LSV Asset Management bought a new stake in Discovery Communications Inc. (NASDAQ:DISCK) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 600,324 shares of the company’s stock, valued at approximately $11,718,000. LSV Asset Management owned 0.16% of Discovery Communications as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake in shares of Discovery Communications by 89.3% during the first quarter. M&T Bank Corp now owns 54,104 shares of the company’s stock worth $1,056,000 after purchasing an additional 25,526 shares during the period. Swiss National Bank grew its stake in Discovery Communications by 26.6% in the first quarter. Swiss National Bank now owns 977,157 shares of the company’s stock valued at $19,074,000 after acquiring an additional 205,383 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Discovery Communications by 38.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 524,773 shares of the company’s stock valued at $10,244,000 after acquiring an additional 146,192 shares during the period. Balter Liquid Alternatives LLC grew its stake in Discovery Communications by 45.8% in the first quarter. Balter Liquid Alternatives LLC now owns 31,149 shares of the company’s stock valued at $608,000 after acquiring an additional 9,783 shares during the period. Finally, Virginia Retirement Systems ET AL grew its stake in Discovery Communications by 6.8% in the first quarter. Virginia Retirement Systems ET AL now owns 291,996 shares of the company’s stock valued at $5,700,000 after acquiring an additional 18,696 shares during the period. 52.71% of the stock is owned by institutional investors.
A number of research analysts have issued reports on DISCK shares. BidaskClub cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, March 22nd. Morgan Stanley boosted their target price on Discovery Communications from $22.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Discovery Communications has an average rating of “Hold” and a consensus target price of $29.00.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. The company had revenue of $2.31 billion for the quarter. Discovery Communications had a positive return on equity of 19.34% and a negative net margin of 7.40%.
Discovery Communications 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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