Gabelli Funds LLC Has $27.60 Million Holdings in Discovery Communications Inc. (DISCK)

Gabelli Funds LLC increased its stake in Discovery Communications Inc. (NASDAQ:DISCK) by 13.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,303,600 shares of the company’s stock after purchasing an additional 151,300 shares during the quarter. Gabelli Funds LLC’s holdings in Discovery Communications were worth $27,597,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. BB&T Investment Services Inc. purchased a new position in Discovery Communications during the 2nd quarter worth $102,000. Cohen Klingenstein LLC purchased a new position in Discovery Communications during the 4th quarter worth $204,000. Creative Planning purchased a new position in Discovery Communications during the 4th quarter worth $207,000. Mint Tower Capital Management B.V. purchased a new position in Discovery Communications during the 3rd quarter worth $215,000. Finally, Bfsg LLC purchased a new position in Discovery Communications during the 4th quarter worth $243,000. Institutional investors own 47.72% of the company’s stock.

Discovery Communications Inc. (NASDAQ:DISCK) opened at $22.66 on Wednesday. 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 cap of $8,229.26, a PE ratio of 11.86 and a beta of 1.45. Discovery Communications Inc. has a fifty-two week low of $14.99 and a fifty-two week high of $29.18.

DISCK has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley boosted their price target on shares of Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating, Discovery Communications has a consensus rating of “Hold” and an average target price of $29.00.

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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.

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

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