Fairpointe Capital LLC Sells 50,220 Shares of Discovery Communications, Inc. (DISCK)

Fairpointe Capital LLC cut its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 78.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,000 shares of the company’s stock after selling 50,220 shares during the quarter. Fairpointe Capital LLC’s holdings in Discovery Communications were worth $353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Discovery Communications during the first quarter worth $178,000. Fiduciary Trust Co. acquired a new stake in shares of Discovery Communications during the second quarter worth $160,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Discovery Communications during the second quarter worth $196,000. Cadence Capital Management LLC acquired a new stake in Discovery Communications in the first quarter valued at $228,000. Finally, Creative Planning lifted its holdings in Discovery Communications by 1.0% in the second quarter. Creative Planning now owns 8,545 shares of the company’s stock valued at $215,000 after acquiring an additional 87 shares during the period. 45.29% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Fairpointe Capital LLC Sells 50,220 Shares of Discovery Communications, Inc. (DISCK)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/fairpointe-capital-llc-sells-50220-shares-of-discovery-communications-inc-disck.html.

Discovery Communications, Inc. (NASDAQ DISCK) traded down 0.30% on Tuesday, hitting $19.73. The stock had a trading volume of 478,594 shares. The stock has a 50-day moving average of $20.49 and a 200-day moving average of $24.37. The company has a market cap of $11.25 billion, a PE ratio of 10.47 and a beta of 1.44. Discovery Communications, Inc. has a one year low of $19.36 and a one year high of $29.18.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). The firm had revenue of $1.75 billion during the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Equities analysts expect that Discovery Communications, Inc. will post $2.24 earnings per share for the current fiscal year.

A number of equities research analysts have commented on DISCK shares. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Thursday, July 20th. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Discovery Communications during the first quarter worth $178,000. Fiduciary Trust Co. acquired a new stake in shares of Discovery Communications during the second quarter worth $160,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Discovery Communications during the second quarter worth $196,000. Cadence Capital Management LLC acquired a new stake in Discovery Communications in the first quarter valued at $228,000. Finally, Creative Planning lifted its holdings in Discovery Communications by 1.0% in the second quarter. Creative Planning now owns 8,545 shares of the company’s stock valued at $215,000 after acquiring an additional 87 shares during the period. 45.29% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Fairpointe Capital LLC Sells 50,220 Shares of Discovery Communications, Inc. (DISCK)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/fairpointe-capital-llc-sells-50220-shares-of-discovery-communications-inc-disck.html.

Discovery Communications, Inc. (NASDAQ DISCK) traded down 0.30% on Tuesday, hitting $19.73. The stock had a trading volume of 478,594 shares. The stock has a 50-day moving average of $20.49 and a 200-day moving average of $24.37. The company has a market cap of $11.25 billion, a PE ratio of 10.47 and a beta of 1.44. Discovery Communications, Inc. has a one year low of $19.36 and a one year high of $29.18.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). The firm had revenue of $1.75 billion during the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Equities analysts expect that Discovery Communications, Inc. will post $2.24 earnings per share for the current fiscal year.

A number of equities research analysts have commented on DISCK shares. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Thursday, July 20th. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.

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.

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

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