NGAM Advisors L.P. raised its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 158,728 shares of the company’s stock after buying an additional 5,210 shares during the period. NGAM Advisors L.P.’s holdings in Discovery Communications were worth $4,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Citizens Bank & Trust Co. acquired a new position in shares of Discovery Communications during the first quarter worth about $2,309,000. Korea Investment CORP raised its position in shares of Discovery Communications by 154.0% in the first quarter. Korea Investment CORP now owns 368,800 shares of the company’s stock worth $10,441,000 after buying an additional 223,600 shares during the period. First Manhattan Co. raised its position in shares of Discovery Communications by 16.7% in the first quarter. First Manhattan Co. now owns 2,194,706 shares of the company’s stock worth $57,742,000 after buying an additional 314,648 shares during the period. Nationwide Fund Advisors raised its position in shares of Discovery Communications by 0.4% in the first quarter. Nationwide Fund Advisors now owns 259,375 shares of the company’s stock worth $7,343,000 after buying an additional 1,000 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Discovery Communications by 663.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 151,703 shares of the company’s stock worth $4,295,000 after buying an additional 131,834 shares during the period. Institutional investors and hedge funds own 46.82% of the company’s stock.

Shares of Discovery Communications, Inc. (NASDAQ:DISCK) opened at 23.02 on Wednesday. The firm’s 50-day moving average is $25.06 and its 200-day moving average is $26.57. Discovery Communications, Inc. has a 52-week low of $22.52 and a 52-week high of $29.18. The firm has a market cap of $13.12 billion, a P/E ratio of 12.21 and a beta of 1.47.

Discovery Communications (NASDAQ:DISCK) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion for the quarter. Analysts anticipate that Discovery Communications, Inc. will post $2.25 earnings per share for the current year.

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A number of research firms have weighed in on DISCK. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. Finally, Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.00.

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 (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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