Korea Investment CORP Cuts Position in Discovery Communications, Inc. (DISCA)

Discovery Communications

The institutional investor owned 34,739 shares of the company's stock after buying an additional 833 shares during the period. Hotchkis & Wiley Capital Management LLC controls 5,878,321 shares valued at $148,192,000.

These funds have also shifted positions in (DISCB). Clearbridge Investments LLC now owns 17,843,671 shares of the company's stock valued at $519,072,000 after buying an additional 399,171 shares during the period. Tower Research Capital LLC (trc) trimmed its stake by selling 27 shares a decrease of 27.8% from 06/30/2016 to 09/30/2016. Quantbot Technologies LP now owns 6,622 shares of the company's stock worth $187,000 after buying an additional 6,039 shares during the last quarter. Barrington analysis restated a "market perform" recommendation on stocks of Discovery Communications in a note on Tue, Aug 1st. Bank of New York Mellon Corp increased its stake in Discovery Communications by 20.3% in the first quarter.

Proshare Advisors LLC grew its stake by buying 10,128 shares an increase of 14.2% in the quarter. Finally, Vanguard Group Inc. raised its position in Discovery Communications by 5.4% in the first quarter. 7,408,527 shares of the company were exchanged.

Other large investors also recently added to or reduced their stakes in the company.

Discovery Communications, Inc. has a 52 week low of $22.82 and a 52 week high of $30.25.

The company is up by 0.86% since yesterday's close of $23.3. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The firm has a 50-day moving average of $24.76 and a 200 day moving average of $26.44. The stock has a market cap of $13.97 billion, a PE ratio of 13.00 and a beta of 1.58. (NASDAQ:DISCA) rating on Friday, February 19. As of the latest earnings report the EPS was $1.88 and is projected to be $2.24 for the current year with 570,000,000 shares now outstanding. The firm had revenue of $1.75 billion during the quarter.

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Discovery Communications, Inc. (DISCK) stock exposed a turn of -7.04% in most recent week and accomplished -13.97% performance over the last one month. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that Discovery Communications, Inc. will post $2.24 EPS for the current year.

Suntrust Banks Inc decreased its stake in Discovery Communicatns New (DISCA) by 35.89% based on its latest 2016Q4 regulatory filing with the SEC. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws.

More notable recent Discovery Communications Inc. (NASDAQ:DISCA). Los Angeles Cap Management & Equity, a California-based fund reported 17,228 shares. It is positive, as 44 investors sold Discovery Communications Inc. shares while 196 reduced holdings. The firm now has a $32.00 target price on the stock. Cowen and Company reissued a "hold" rating and issued a $29.00 price target on shares of Discovery Communications in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada set a $32.00 price target on shares of Discovery Communications and gave the stock a "buy" rating in a research note on Monday, June 12th. Pivotal Research upgraded the shares of DISCA in report on Thursday, August 6 to "Buy" rating. 1 and 2 is equivalent to a buy rating, 3 a hold rating, and 4 and 5 a sell rating. The company has a consensus rating of "Hold" and a consensus price target of $28.25.

In other news, Director S Decker Anstrom acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 2nd. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The total value of its holdings increased 1.7%.

Since February 21, 2017, it had 1 insider purchase, and 1 sale for $16.64 million activity. The Firm 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.

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