Cowen Inc. purchased a new position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 519,772 shares of the company’s stock, valued at approximately $10,531,000. Discovery Communications comprises approximately 0.4% of Cowen Inc.’s portfolio, making the stock its 28th largest holding. Cowen Inc. owned about 0.14% of Discovery Communications at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of DISCK. BB&T Investment Services Inc. bought a new stake in shares of Discovery Communications during the 2nd quarter worth approximately $102,000. Fiduciary Trust Co. bought a new stake in shares of Discovery Communications during the 2nd quarter worth approximately $160,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Discovery Communications during the 2nd quarter worth approximately $196,000. Cadence Capital Management LLC lifted its stake in shares of Discovery Communications by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after acquiring an additional 55 shares during the last quarter. Finally, Mint Tower Capital Management B.V. bought a new stake in shares of Discovery Communications during the 3rd quarter worth approximately $215,000. 48.43% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on DISCK. Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Morgan Stanley decreased their price target on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. ValuEngine raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Finally, BidaskClub downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.50.
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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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