Mint Tower Capital Management B.V. boosted its stake in Discovery Communications Inc. (NASDAQ:DISCK) by 604.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,017 shares of the company’s stock after purchasing an additional 84,970 shares during the period. Discovery Communications makes up about 0.3% of Mint Tower Capital Management B.V.’s investment portfolio, making the stock its 20th biggest holding. Mint Tower Capital Management B.V.’s holdings in Discovery Communications were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highlander Capital Management LLC grew its stake in shares of Discovery Communications by 5,747.1% during the fourth quarter. Highlander Capital Management LLC now owns 5,087 shares of the company’s stock valued at $108,000 after acquiring an additional 5,000 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Discovery Communications by 48.8% in the first quarter. Daiwa Securities Group Inc. now owns 9,814 shares of the company’s stock worth $192,000 after acquiring an additional 3,220 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in Discovery Communications in the first quarter worth about $197,000. Dreman Value Management L L C bought a new position in Discovery Communications in the first quarter worth about $206,000. Finally, Creative Planning bought a new position in Discovery Communications in the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 52.71% of the company’s stock.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. Morgan Stanley raised their target price 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, ValuEngine cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.00.
DISCK opened at $21.82 on Friday. The company has a market cap of $8.57 billion, a PE ratio of 10.64 and a beta of 1.44. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 2.00. Discovery Communications Inc. has a twelve month low of $21.49 and a twelve month high of $21.86.
Discovery Communications (NASDAQ:DISCK) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.13. The company had revenue of $2.31 billion for the quarter. Discovery Communications had a positive return on equity of 19.34% and a negative net margin of 7.40%.
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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