Blair William & Co. IL purchased a new stake in Discovery Communications Inc. (NASDAQ:DISCK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,713 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DISCK. Landscape Capital Management L.L.C. boosted its position in shares of Discovery Communications by 40.1% in the first quarter. Landscape Capital Management L.L.C. now owns 27,296 shares of the company’s stock valued at $737,000 after buying an additional 7,816 shares in the last quarter. Shufro Rose & Co. LLC purchased a new position in shares of Discovery Communications during the first quarter valued at $364,000. Sentry Investment Management LLC boosted its position in shares of Discovery Communications by 370.4% in the first quarter. Sentry Investment Management LLC now owns 5,410 shares of the company’s stock valued at $146,000 after buying an additional 4,260 shares in the last quarter. Algert Global LLC boosted its position in shares of Discovery Communications by 13.6% in the first quarter. Algert Global LLC now owns 22,026 shares of the company’s stock valued at $595,000 after buying an additional 2,636 shares in the last quarter. Finally, FDO Partners LLC boosted its position in shares of Discovery Communications by 15.7% in the first quarter. FDO Partners LLC now owns 38,093 shares of the company’s stock valued at $1,029,000 after buying an additional 5,171 shares in the last quarter. 50.63% of the stock is owned by institutional investors.

Shares of Discovery Communications Inc. (NASDAQ:DISCK) traded down 0.72% during midday trading on Tuesday, reaching $23.57. The company had a trading volume of 1,267,986 shares. The company’s 50-day moving average is $24.88 and its 200-day moving average is $25.80. The firm has a market cap of $9.86 billion, a P/E ratio of 12.82 and a beta of 1.45. Discovery Communications Inc. has a 52-week low of $22.43 and a 52-week high of $29.93.

Separately, Zacks Investment Research raised Discovery Communications from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Wednesday, May 25th.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

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