MANA Advisors LLC acquired a new position in shares of Discovery Communications Inc. (NASDAQ:DISCK) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,145 shares of the company’s stock, valued at approximately $198,000.
Other large investors have also modified their holdings of the company. Highlander Capital Management LLC boosted its holdings in Discovery Communications by 5,747.1% during the 4th quarter. Highlander Capital Management LLC now owns 5,087 shares of the company’s stock valued at $108,000 after acquiring an additional 5,000 shares during the period. Rampart Investment Management Company LLC boosted its holdings in Discovery Communications by 129.3% during the 1st quarter. Rampart Investment Management Company LLC now owns 6,099 shares of the company’s stock valued at $119,000 after acquiring an additional 3,439 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Discovery Communications by 50.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,874 shares of the company’s stock valued at $154,000 after acquiring an additional 2,624 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Discovery Communications by 48.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 9,814 shares of the company’s stock valued at $192,000 after acquiring an additional 3,220 shares during the period. Finally, Zeke Capital Advisors LLC purchased a new position in Discovery Communications during the 1st quarter valued at about $197,000. 54.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Discovery Communications stock opened at $23.14 on Thursday. Discovery Communications Inc. has a 12 month low of $14.99 and a 12 month high of $27.15. The stock has a market cap of $11.82 billion, a P/E ratio of 10.73 and a beta of 1.41. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.83 and a quick ratio of 1.83.
A number of equities analysts recently commented on DISCK shares. BidaskClub upgraded Discovery Communications from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Morgan Stanley lowered their target price on Discovery Communications to $29.00 and set an “equal weight” rating for the company in a report on Monday, May 7th. Finally, ValuEngine upgraded Discovery Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Discovery Communications presently has a consensus rating of “Hold” and an average target price of $29.00.
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.
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.