Weik Investment Services Inc. bought a new position in Discovery Communications Inc. (NASDAQ:DISCK) during the first quarter, Holdings Channel reports. The firm bought 7,400 shares of the company’s stock, valued at approximately $209,000.
Other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in Discovery Communications by 411.9% in the first quarter. Pacer Advisors Inc. now owns 12,419 shares of the company’s stock valued at $352,000 after buying an additional 9,993 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Discovery Communications by 14.8% in the first quarter. Envestnet Asset Management Inc. now owns 130,686 shares of the company’s stock valued at $3,702,000 after buying an additional 16,895 shares during the last quarter. Shufro Rose & Co. LLC acquired a new stake in shares of Discovery Communications during the first quarter valued at about $380,000. Todd Asset Management LLC raised its stake in shares of Discovery Communications by 0.8% in the first quarter. Todd Asset Management LLC now owns 528,518 shares of the company’s stock valued at $14,962,000 after buying an additional 4,451 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its stake in shares of Discovery Communications by 6.3% in the first quarter. Clifford Swan Investment Counsel LLC now owns 484,002 shares of the company’s stock valued at $13,702,000 after buying an additional 28,635 shares during the last quarter. 48.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Discovery Communications Inc. (NASDAQ:DISCK) traded up 2.65% during mid-day trading on Friday, hitting $25.18. 1,572,304 shares of the stock were exchanged. Discovery Communications Inc. has a 52 week low of $22.43 and a 52 week high of $29.18. The stock’s 50-day moving average is $27.29 and its 200-day moving average is $27.15. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 13.17 and a beta of 1.50.
Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.09. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. The company had revenue of $1.61 billion for the quarter. Analysts forecast that Discovery Communications Inc. will post $2.28 earnings per share for the current fiscal year.
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DISCK has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. TheStreet raised shares of Discovery Communications from a “c+” rating to a “b-” rating in a report on Monday, April 10th.
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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