Discovery Communications Inc. (DISCA) Holdings Lifted by DNB Asset Management AS
DNB Asset Management AS grew its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 342.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,337 shares of the company’s stock after purchasing an additional 47,470 shares during the quarter. DNB Asset Management AS’s holdings in Discovery Communications were worth $1,657,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Discovery Communications by 10.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 52,946 shares of the company’s stock valued at $1,310,000 after purchasing an additional 4,834 shares during the period. BOKF NA bought a new stake in Discovery Communications in the 4th quarter valued at $656,000. Squarepoint Ops LLC boosted its stake in Discovery Communications by 70.7% in the 4th quarter. Squarepoint Ops LLC now owns 29,494 shares of the company’s stock valued at $730,000 after purchasing an additional 12,219 shares during the period. Dorsey Wright & Associates bought a new stake in Discovery Communications in the 4th quarter valued at $2,445,000. Finally, Nvwm LLC bought a new stake in Discovery Communications in the 4th quarter valued at $347,000. 34.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:DISCA opened at $30.41 on Thursday. Discovery Communications Inc. has a 1 year low of $20.59 and a 1 year high of $34.89. The stock has a market cap of $15.71 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.40 and a beta of 1.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.50.
A number of analysts have recently weighed in on DISCA shares. BidaskClub upgraded Discovery Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Imperial Capital restated an “in-line” rating and set a $30.00 price objective (down from $31.00) on shares of Discovery Communications in a research report on Wednesday, January 9th. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, January 2nd. Barrington Research reaffirmed a “buy” rating and issued a $40.00 target price on shares of Discovery Communications in a report on Tuesday, February 26th. Finally, Credit Suisse Group upped their target price on Discovery Communications from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.34.
In other news, General Counsel Savalle Sims sold 16,623 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $28.57, for a total transaction of $474,919.11. Following the transaction, the general counsel now directly owns 48,684 shares of the company’s stock, valued at approximately $1,390,901.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.43% of the company’s stock.
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About Discovery Communications
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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