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.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2018/02/07/gabelli-funds-llc-has-27-60-million-holdings-in-discovery-communications-inc-disck.html.
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.
Want to see what other hedge funds are holding DISCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications Inc. (NASDAQ:DISCK).
Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.