Trade Report: The Bank of Montreal Can Acquires New Stake in Discovery Communications Inc. (DISCK)

The Bank of Montreal Can Acquires New Stake in Discovery Communications Inc. (DISCK)

Bank of Montreal Can purchased a new stake in Discovery Communications Inc. (NASDAQ:DISCK) during the second quarter, Holdings Channel reports. The institutional investor purchased 206,764 shares of the company’s stock, valued at approximately $4,931,000.

A number of other large investors also recently made changes to their positions in DISCK. Nisa Investment Advisors L.L.C. boosted its position in Discovery Communications by 83.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 30,400 shares of the company’s stock valued at $821,000 after buying an additional 13,800 shares in the last quarter. Ngam Advisors L.P. boosted its position in shares of Discovery Communications by 129.7% in the first quarter. Ngam Advisors L.P. now owns 129,319 shares of the company’s stock worth $3,492,000 after buying an additional 73,028 shares in the last quarter. Sentry Investment Management LLC boosted its position in shares of 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 in the last quarter. Shufro Rose & Co. LLC purchased a new position in shares of Discovery Communications during the first quarter worth approximately $364,000. Finally, Landscape Capital Management L.L.C. boosted its position in shares of Discovery Communications by 40.1% in the first quarter. Landscape Capital Management L.L.C. now owns 27,296 shares of the company’s stock worth $737,000 after buying an additional 7,816 shares in the last quarter. Institutional investors and hedge funds own 50.61% of the company’s stock.

Discovery Communications Inc. (NASDAQ:DISCK) traded down 1.05% during mid-day trading on Wednesday, hitting $25.55. The company had a trading volume of 1,145,933 shares. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 13.89 and a beta of 1.44. Discovery Communications Inc. has a 52 week low of $22.43 and a 52 week high of $29.93. The firm’s 50 day moving average is $25.11 and its 200 day moving average is $25.68.

Separately, Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Friday, August 5th.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

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