Sterling Capital Management LLC grew its holdings in Discovery Communications Inc. (NASDAQ:DISCK) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,540,265 shares of the company’s stock after buying an additional 30,289 shares during the quarter. Sterling Capital Management LLC’s holdings in Discovery Communications were worth $53,777,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. State of Wisconsin Investment Board boosted its stake in Discovery Communications by 101.1% during the fourth quarter. State of Wisconsin Investment Board now owns 13,528,070 shares of the company’s stock worth $286,389,000 after buying an additional 6,799,916 shares during the period. Prudential Financial Inc. boosted its stake in Discovery Communications by 207.2% during the third quarter. Prudential Financial Inc. now owns 2,588,195 shares of the company’s stock worth $52,437,000 after buying an additional 1,745,767 shares during the period. Mackenzie Financial Corp boosted its stake in Discovery Communications by 130.0% during the fourth quarter. Mackenzie Financial Corp now owns 3,083,624 shares of the company’s stock worth $65,280,000 after buying an additional 1,743,195 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Discovery Communications by 25.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,362,821 shares of the company’s stock worth $149,171,000 after buying an additional 1,484,500 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Discovery Communications by 38.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 4,733,199 shares of the company’s stock worth $95,894,000 after buying an additional 1,310,637 shares during the period. Institutional investors and hedge funds own 51.76% of the company’s stock.
Discovery Communications Inc. (NASDAQ:DISCK) opened at $21.50 on Tuesday. Discovery Communications Inc. has a 12 month low of $14.99 and a 12 month high of $29.18. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 3.20. The stock has a market cap of $8,241.55, a P/E ratio of -35.40 and a beta of 1.41.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.47 earnings per share (EPS) for the quarter. Discovery Communications had a negative net margin of 4.90% and a positive return on equity of 21.68%. The company had revenue of $1.86 billion during the quarter.
Several research firms have recently commented on DISCK. BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Morgan Stanley raised their price objective on shares of Discovery Communications from $22.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $29.00.
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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.
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