Trading Report: The SOL Capital Management CO invests in Discovery Communications Inc. (DISCK) Shares

The SOL Capital Management CO invests in Discovery Communications Inc. (DISCK) Shares

SOL Capital Management CO boosted its stake in Discovery Communications Inc. (NASDAQ:DISCK) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,962 shares of the company’s stock after buying an additional 900 shares during the period. SOL Capital Management CO’s holdings in Discovery Communications were worth $476,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DISCK. Legal & General Group Plc raised its stake in 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 period. Confluence Investment Management LLC raised its stake in 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 period. Mariner Wealth Advisors LLC purchased a new stake in Discovery Communications during the first quarter valued at $491,000. Envestnet Asset Management Inc. raised its stake in Discovery Communications by 13.4% in the first quarter. Envestnet Asset Management Inc. now owns 100,385 shares of the company’s stock valued at $2,710,000 after buying an additional 11,846 shares during the period. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Discovery Communications during the first quarter valued at $217,000. Institutional investors own 50.61% of the company’s stock.

Shares of Discovery Communications Inc. (NASDAQ:DISCK) traded down 1.16% during midday trading on Friday, hitting $24.73. 931,881 shares of the company were exchanged. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 13.45 and a beta of 1.44. The firm’s 50 day moving average price is $25.10 and its 200 day moving average price is $25.67. Discovery Communications Inc. has a one year low of $22.43 and a one year high of $29.93.

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

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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