Private Management Group Inc. Takes $27.99 Million Position in Discovery Communications, Inc. (DISCK)
Private Management Group Inc. purchased a new position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,381,270 shares of the company’s stock, valued at approximately $27,985,000. Discovery Communications comprises approximately 1.5% of Private Management Group Inc.’s holdings, making the stock its 22nd biggest position. Private Management Group Inc. owned about 0.36% of Discovery Communications at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Discovery Communications by 2.2% in the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock valued at $346,312,000 after purchasing an additional 289,985 shares in the last quarter. State of Wisconsin Investment Board purchased a new stake in Discovery Communications in the 3rd quarter valued at approximately $136,312,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Discovery Communications by 10.1% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company’s stock valued at $148,192,000 after purchasing an additional 537,357 shares in the last quarter. Seizert Capital Partners LLC boosted its holdings in Discovery Communications by 15.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 3,750,499 shares of the company’s stock valued at $75,985,000 after purchasing an additional 513,183 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in Discovery Communications by 42.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock valued at $86,283,000 after purchasing an additional 1,016,006 shares in the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Discovery Communications, Inc. (NASDAQ:DISCK) traded down $0.66 during trading hours on Wednesday, hitting $15.27. The stock had a trading volume of 2,627,300 shares, compared to its average volume of 2,168,082. The stock has a market cap of $6,038.33, a price-to-earnings ratio of 7.66 and a beta of 1.42. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. Discovery Communications, Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $29.18.
COPYRIGHT VIOLATION WARNING: This article was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.dailypolitical.com/2017/11/15/private-management-group-inc-takes-27-99-million-position-in-discovery-communications-inc-disck.html.
DISCK has been the topic of a number of analyst reports. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Thursday, July 20th. ValuEngine raised Discovery Communications from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Morgan Stanley lowered their price objective on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Finally, BidaskClub lowered Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two research 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. The company has an average rating of “Hold” and an average price target of $25.50.
About Discovery Communications
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.
Want to see what other hedge funds are holding DISCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications, Inc. (NASDAQ:DISCK).
Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.