Aperio Group LLC increased its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,856 shares of the company’s stock after buying an additional 7,729 shares during the period. Aperio Group LLC’s holdings in Discovery Communications were worth $1,837,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in Discovery Communications during the first quarter valued at approximately $178,000. Daiwa Securities Group Inc. increased its stake in Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock valued at $180,000 after buying an additional 950 shares during the last quarter. Quantbot Technologies LP increased its stake in Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock valued at $187,000 after buying an additional 6,039 shares during the last quarter. Weik Investment Services Inc. acquired a new stake in Discovery Communications during the first quarter valued at approximately $209,000. Finally, Creative Planning increased its stake in Discovery Communications by 1.0% in the second quarter. Creative Planning now owns 8,545 shares of the company’s stock valued at $215,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 46.82% of the company’s stock.

Discovery Communications, Inc. (NASDAQ DISCK) traded down 1.70% during midday trading on Thursday, hitting $22.01. 803,864 shares of the stock traded hands. Discovery Communications, Inc. has a 52 week low of $21.99 and a 52 week high of $29.18. The stock has a market capitalization of $12.55 billion, a P/E ratio of 11.68 and a beta of 1.47. The stock’s 50-day moving average price is $24.85 and its 200-day moving average price is $26.47.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business had revenue of $1.75 billion for the quarter. Equities research analysts expect that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.

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Several equities research analysts have recently commented on the stock. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Thursday, July 20th. Finally, ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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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