Pictet Asset Management Ltd. Sells 7,100 Shares of Discovery Communications, Inc. (DISCK)
Pictet Asset Management Ltd. trimmed its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 5.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,073 shares of the company’s stock after selling 7,100 shares during the period. Pictet Asset Management Ltd.’s holdings in Discovery Communications were worth $2,311,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DISCK. OppenheimerFunds Inc. increased its stake in shares of Discovery Communications by 11.4% during the first quarter. OppenheimerFunds Inc. now owns 14,592 shares of the company’s stock worth $413,000 after buying an additional 1,491 shares during the period. FMR LLC boosted its holdings in Discovery Communications by 55.4% in the first quarter. FMR LLC now owns 662,747 shares of the company’s stock valued at $18,763,000 after purchasing an additional 236,392 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Discovery Communications by 1.1% in the first quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock valued at $13,380,000 after purchasing an additional 5,324 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Discovery Communications by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,556,953 shares of the company’s stock valued at $44,073,000 after purchasing an additional 77,477 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Discovery Communications in the first quarter valued at approximately $3,365,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Thursday, July 20th. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Morgan Stanley lowered their price target on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.50.
Shares of Discovery Communications, Inc. (DISCK) opened at $15.93 on Tuesday. The firm has a market capitalization of $6,110.35, a P/E ratio of 7.75 and a beta of 1.42. Discovery Communications, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $29.18. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56.
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.
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