Shell Asset Management Co. raised its stake in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 122.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,192 shares of the company’s stock after buying an additional 15,499 shares during the period. Shell Asset Management Co.’s holdings in Discovery Communications were worth $672,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Springbok Capital Management LLC purchased a new position in Discovery Communications during the first quarter worth about $112,000. Sentry Investment Management LLC increased its position in Discovery Communications by 370.4% in the first quarter. Sentry Investment Management LLC now owns 5,410 shares of the company’s stock worth $146,000 after buying an additional 4,260 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in Discovery Communications during the first quarter worth about $217,000. LS Investment Advisors LLC increased its position in Discovery Communications by 7.3% in the second quarter. LS Investment Advisors LLC now owns 10,015 shares of the company’s stock worth $239,000 after buying an additional 680 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Discovery Communications during the second quarter worth about $274,000. 50.61% of the stock is currently owned by institutional investors.
Discovery Communications Inc. (NASDAQ:DISCK) traded down 2.36% during trading on Friday, hitting $26.49. The stock had a trading volume of 1,232,570 shares. The firm has a 50 day moving average of $25.10 and a 200-day moving average of $25.70. The company has a market cap of $11.08 billion, a P/E ratio of 14.40 and a beta of 1.44. Discovery Communications Inc. has a one year low of $22.43 and a one year high of $29.93.
Separately, Zacks Investment Research downgraded Discovery Communications from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th.
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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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