Thrivent Financial For Lutherans increased its stake in Discovery Communications, Inc. (NASDAQ:DISCK) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,510 shares of the company’s stock after buying an additional 280 shares during the period. Thrivent Financial For Lutherans’ holdings in Discovery Communications were worth $1,203,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacad Investment Ltd. bought a new position in Discovery Communications during the fourth quarter valued at $115,000. Daiwa Securities Group Inc. boosted its stake in shares of Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock valued at $180,000 after buying an additional 950 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock valued at $187,000 after buying an additional 6,039 shares during the last quarter. Trust Co. of Oklahoma acquired a new stake in shares of Discovery Communications during the first quarter valued at approximately $209,000. Finally, Weik Investment Services Inc. acquired a new stake in shares of Discovery Communications during the first quarter valued at approximately $209,000. Hedge funds and other institutional investors own 46.79% of the company’s stock.
Shares of Discovery Communications, Inc. (NASDAQ:DISCK) traded up 1.43% during trading on Friday, hitting $25.50. 4,536,761 shares of the stock traded hands. The firm has a 50-day moving average of $25.38 and a 200-day moving average of $26.69. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 13.34 and a beta of 1.49. Discovery Communications, Inc. has a 1-year low of $23.24 and a 1-year high of $29.18.
Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.09. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The firm had revenue of $1.61 billion for the quarter. On average, equities analysts forecast that Discovery Communications, Inc. will post $2.26 earnings per share for the current year.
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Several brokerages have recently issued reports on DISCK. Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, TheStreet lowered shares of Discovery Communications from a “b-” rating to a “c+” rating in a report on Wednesday, May 17th.
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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