Olstein Capital Management L.P. grew its holdings in Discovery Communications Inc. (NASDAQ:DISCK) by 53.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 795,250 shares of the company’s stock after acquiring an additional 276,250 shares during the period. Discovery Communications makes up 2.1% of Olstein Capital Management L.P.’s portfolio, making the stock its 5th biggest position. Olstein Capital Management L.P.’s holdings in Discovery Communications were worth $16,835,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cohen Klingenstein LLC bought a new stake in shares of Discovery Communications in the 4th quarter worth about $204,000. Creative Planning bought a new stake in shares of Discovery Communications in the 4th quarter worth about $207,000. Mint Tower Capital Management B.V. bought a new stake in shares of Discovery Communications in the 3rd quarter worth about $215,000. Bfsg LLC bought a new stake in shares of Discovery Communications in the 4th quarter worth about $243,000. Finally, Gyroscope Capital Management Group LLC bought a new stake in shares of Discovery Communications in the 3rd quarter worth about $248,000. Institutional investors own 47.76% of the company’s stock.

Several equities research analysts have recently weighed in on DISCK shares. Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. 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 report on Thursday, October 26th. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Five analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of Discovery Communications Inc. (DISCK) opened at $22.27 on Wednesday. Discovery Communications Inc. has a fifty-two week low of $14.99 and a fifty-two week high of $29.18. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The company has a market cap of $8,289.91, a PE ratio of 11.66 and a beta of 1.45.

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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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