Ycg LLC cut its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 375,536 shares of the company’s stock after selling 2,512 shares during the period. Discovery Communications accounts for about 2.5% of Ycg LLC’s holdings, making the stock its 16th largest position. Ycg LLC’s holdings in Discovery Communications were worth $9,467,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Discovery Communications during the first quarter worth $178,000. Daiwa Securities Group Inc. increased its stake in Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock worth $180,000 after buying an additional 950 shares during the period. Quantbot Technologies LP increased its stake in Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock worth $187,000 after buying an additional 6,039 shares during the period. Trust Co. of Oklahoma acquired a new stake in Discovery Communications during the first quarter worth $209,000. Finally, Weik Investment Services Inc. acquired a new stake in Discovery Communications during the first quarter worth $209,000. Hedge funds and other institutional investors own 47.41% of the company’s stock.
Shares of Discovery Communications, Inc. (DISCK) traded up 0.04% during trading on Monday, reaching $25.56. The company had a trading volume of 1,571,207 shares. The stock has a market capitalization of $11.32 billion, a PE ratio of 13.37 and a beta of 1.49. The stock’s 50-day moving average price is $25.30 and its 200-day moving average price is $26.96. Discovery Communications, Inc. has a 12 month low of $23.24 and a 12 month high of $29.18.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts forecast that Discovery Communications, Inc. will post $2.26 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on DISCK. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a report on Wednesday, May 17th. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a 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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