Trading Report: The North Star Asset Management Inc. invests in Discovery Communications Inc. (DISCK) Shares

The North Star Asset Management Inc. invests in Discovery Communications Inc. (DISCK) Shares

North Star Asset Management Inc. raised its stake in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 341,702 shares of the company’s stock after buying an additional 5,815 shares during the period. North Star Asset Management Inc.’s holdings in Discovery Communications were worth $8,150,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Discovery Communications by 210.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,955,814 shares of the company’s stock valued at $52,807,000 after buying an additional 1,325,671 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of Discovery Communications by 7.9% in the second quarter. Confluence Investment Management LLC now owns 1,637,012 shares of the company’s stock valued at $39,043,000 after buying an additional 119,609 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Discovery Communications by 1.0% in the first quarter. Legal & General Group Plc now owns 1,166,358 shares of the company’s stock valued at $31,490,000 after buying an additional 11,538 shares during the last quarter. BB&T Securities LLC increased its stake in shares of Discovery Communications by 35.1% in the first quarter. BB&T Securities LLC now owns 883,395 shares of the company’s stock valued at $23,851,000 after buying an additional 229,363 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC increased its stake in shares of Discovery Communications by 14.2% in the second quarter. Douglass Winthrop Advisors LLC now owns 794,435 shares of the company’s stock valued at $19,297,000 after buying an additional 98,664 shares during the last quarter. Hedge funds and other institutional investors own 50.61% of the company’s stock.

Shares of Discovery Communications Inc. (NASDAQ:DISCK) traded down 1.41% during midday trading on Thursday, hitting $25.19. The stock had a trading volume of 566,944 shares. The firm has a 50-day moving average price of $25.11 and a 200-day moving average price of $25.68. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 13.70 and a beta of 1.44. Discovery Communications Inc. has a 1-year low of $22.43 and a 1-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.

Related posts

Leave a Comment