Mutual of America Capital Management LLC increased its position in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,332 shares of the company’s stock after buying an additional 3,747 shares during the period. Mutual of America Capital Management LLC’s holdings in Discovery Communications were worth $621,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DISCK. Cohen Klingenstein LLC acquired a new position in Discovery Communications during the fourth quarter worth $204,000. Creative Planning acquired a new position in Discovery Communications during the fourth quarter worth $207,000. Mint Tower Capital Management B.V. acquired a new position in Discovery Communications during the third quarter worth $215,000. Bfsg LLC acquired a new position in Discovery Communications during the fourth quarter worth $243,000. Finally, Gyroscope Capital Management Group LLC acquired a new position in Discovery Communications during the third quarter worth $248,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.00.
Shares of Discovery Communications Inc. (NASDAQ DISCK) opened at $22.65 on Friday. The company has a market cap of $8,650.01, a PE ratio of 10.97 and a beta of 1.45. 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 12-month low of $14.99 and a 12-month high of $29.18.
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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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