OxFORD Asset Management LLP Increases Position in Discovery Communications, Inc. (DISCK)

OxFORD Asset Management LLP lifted its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 19.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,171 shares of the company’s stock after buying an additional 10,073 shares during the period. OxFORD Asset Management LLP’s holdings in Discovery Communications were worth $1,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new position in Discovery Communications in the 2nd quarter worth approximately $160,000. Meeder Asset Management Inc. purchased a new position in Discovery Communications in the 1st quarter worth approximately $178,000. Cadence Capital Management LLC increased its stake in Discovery Communications by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after purchasing an additional 55 shares during the period. Creative Planning increased its stake in Discovery Communications by 1.0% in the 2nd quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after purchasing an additional 87 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Discovery Communications by 5.0% in the 2nd quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock worth $267,000 after purchasing an additional 502 shares during the period. 45.29% of the stock is currently owned by institutional investors.

Discovery Communications, Inc. (DISCK) opened at 19.79 on Tuesday. The stock has a market capitalization of $11.28 billion, a PE ratio of 10.50 and a beta of 1.44. Discovery Communications, Inc. has a 52 week low of $19.36 and a 52 week high of $29.18. The firm has a 50-day moving average price of $20.49 and a 200-day moving average price of $24.37.

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

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

TRADEMARK VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/oxford-asset-management-llp-increases-position-in-discovery-communications-inc-disck.html.

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Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new position in Discovery Communications in the 2nd quarter worth approximately $160,000. Meeder Asset Management Inc. purchased a new position in Discovery Communications in the 1st quarter worth approximately $178,000. Cadence Capital Management LLC increased its stake in Discovery Communications by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after purchasing an additional 55 shares during the period. Creative Planning increased its stake in Discovery Communications by 1.0% in the 2nd quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after purchasing an additional 87 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Discovery Communications by 5.0% in the 2nd quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock worth $267,000 after purchasing an additional 502 shares during the period. 45.29% of the stock is currently owned by institutional investors.

Discovery Communications, Inc. (DISCK) opened at 19.79 on Tuesday. The stock has a market capitalization of $11.28 billion, a PE ratio of 10.50 and a beta of 1.44. Discovery Communications, Inc. has a 52 week low of $19.36 and a 52 week high of $29.18. The firm has a 50-day moving average price of $20.49 and a 200-day moving average price of $24.37.

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

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

TRADEMARK VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/oxford-asset-management-llp-increases-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.

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

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