The Discovery Communications Inc. (DISCA) Stake Raised by New Mexico Educational Retirement Board

The Discovery Communications Inc. (DISCA) Stake Raised by New Mexico Educational Retirement Board

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Discovery Communications during the fourth quarter worth about $40,919,000. Strs Ohio increased its position in Discovery Communications by 59,357.5% in the first quarter. Strs Ohio now owns 1,277,148 shares of the company’s stock valued at $37,152,000 after buying an additional 1,275,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Discovery Communications by 6.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 17,281,945 shares of the company’s stock valued at $473,698,000 after buying an additional 1,084,347 shares in the last quarter. Credit Agricole S A increased its position in Discovery Communications by 1,104.6% in the fourth quarter. Credit Agricole S A now owns 1,180,162 shares of the company’s stock valued at $32,349,000 after buying an additional 1,082,192 shares in the last quarter. Finally, Ardevora Asset Management LLP purchased a new position in Discovery Communications during the fourth quarter valued at $26,053,000. 41.96% of the stock is owned by institutional investors and hedge funds.

New Mexico Educational Retirement Board increased its position in Discovery Communications Inc. (NASDAQ:DISCA) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,500 shares of the company’s stock after buying an additional 300 shares during the period. New Mexico Educational Retirement Board’s holdings in Discovery Communications were worth $451,000 as of its most recent filing with the SEC.

Discovery Communications Inc. (NASDAQ DISCA) opened at 26.49 on Monday. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 13.85 and a beta of 1.60. The company’s 50-day moving average price is $27.12 and its 200-day moving average price is $27.86. Discovery Communications Inc. has a one year low of $23.66 and a one year high of $30.25.

Several equities analysts have weighed in on DISCA shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $28.00 target price on shares of Discovery Communications in a research report on Wednesday, February 22nd. Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Pivotal Research reiterated a “hold” rating and issued a $28.00 price objective (up previously from $27.00) on shares of Discovery Communications in a research note on Sunday, April 23rd. Loop Capital cut Discovery Communications from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research note on Wednesday, February 22nd. They noted that the move was a valuation call. Finally, Deutsche Bank AG began coverage on Discovery Communications in a research note on Friday, February 10th. They issued a “hold” rating and a $32.00 price objective for the company. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. Discovery Communications has an average rating of “Hold” and an average price target of $29.29. In related news, Director Paul A. Gould sold 8,832 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the sale, the director now directly owns 188,676 shares in the company, valued at approximately $4,901,802.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.78% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DISCA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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