MANA Advisors LLC Invests $198,000 in Discovery Communications Inc. (DISCK)

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.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.13. The business had revenue of $2.31 billion during the quarter. Discovery Communications had a positive return on equity of 19.34% and a negative net margin of 7.40%.

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.

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

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