Raymond James & Associates Raises Position in Discovery Communications Inc. (DISCK)

Raymond James & Associates grew its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 57.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,814 shares of the company’s stock after purchasing an additional 44,726 shares during the period. Raymond James & Associates’ holdings in Discovery Communications were worth $2,600,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Highlander Capital Management LLC lifted its holdings in shares of Discovery Communications by 5,747.1% during the 4th quarter. Highlander Capital Management LLC now owns 5,087 shares of the company’s stock worth $108,000 after acquiring an additional 5,000 shares during the period. Cohen Klingenstein LLC bought a new stake in shares of Discovery Communications during the 4th quarter worth approximately $204,000. Creative Planning bought a new stake in shares of Discovery Communications during the 4th quarter worth approximately $207,000. Bfsg LLC bought a new stake in shares of Discovery Communications during the 4th quarter worth approximately $243,000. Finally, Gyroscope Capital Management Group LLC bought a new stake in shares of Discovery Communications during the 3rd quarter worth approximately $248,000. Hedge funds and other institutional investors own 51.62% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley upped their price target on shares of Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $29.00.

Shares of NASDAQ:DISCK opened at $21.49 on Tuesday. The company has a market capitalization of $8,035.32, a P/E ratio of 10.57 and a beta of 1.46. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 3.20. Discovery Communications Inc. has a one year low of $14.99 and a one year high of $29.18.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.47 EPS for the quarter. The business had revenue of $1.86 billion during the quarter. Discovery Communications had a negative net margin of 4.90% and a positive return on equity of 21.68%.

COPYRIGHT VIOLATION WARNING: This article was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2018/04/17/raymond-james-associates-has-2-60-million-position-in-discovery-communications-inc-disck.html.

About Discovery Communications

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.

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

Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply