Teacher Retirement System of Texas acquired a new position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 178,952 shares of the company’s stock, valued at approximately $3,626,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Discovery Communications by 101.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,855 shares of the company’s stock worth $990,000 after buying an additional 24,630 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Discovery Communications by 8.4% during the third quarter. Toronto Dominion Bank now owns 77,502 shares of the company’s stock valued at $1,569,000 after purchasing an additional 5,991 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Discovery Communications by 168.8% during the third quarter. BNP Paribas Arbitrage SA now owns 128,782 shares of the company’s stock valued at $2,609,000 after purchasing an additional 80,872 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in Discovery Communications by 18.6% during the third quarter. Candriam Luxembourg S.C.A. now owns 48,041 shares of the company’s stock valued at $973,000 after purchasing an additional 7,537 shares during the last quarter. Finally, YCG LLC lifted its holdings in Discovery Communications by 4.5% during the third quarter. YCG LLC now owns 392,443 shares of the company’s stock valued at $7,967,000 after purchasing an additional 16,907 shares during the last quarter. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on DISCK shares. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley decreased their price objective on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. BidaskClub cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.50.

Shares of Discovery Communications, Inc. (DISCK) opened at $16.46 on Monday. The firm has a market capitalization of $6,239.23, a P/E ratio of 7.91 and a beta of 1.42. Discovery Communications, Inc. has a 52 week low of $14.99 and a 52 week high of $29.18. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87.

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Discovery Communications 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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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCK)

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