Nisa Investment Advisors LLC Acquires 77,193 Shares of Discovery Communications Inc. (DISCA)

Nisa Investment Advisors LLC grew its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 278.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,925 shares of the company’s stock after buying an additional 77,193 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Discovery Communications were worth $2,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DISCA. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Discovery Communications by 0.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 18,729,826 shares of the company’s stock worth $398,758,000 after purchasing an additional 123,603 shares during the period. Vanguard Group Inc. lifted its holdings in Discovery Communications by 5.4% in the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after buying an additional 858,015 shares during the period. Bank of New York Mellon Corp lifted its holdings in Discovery Communications by 12.2% in the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after buying an additional 1,297,175 shares during the period. BlackRock Inc. lifted its holdings in Discovery Communications by 2.0% in the second quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock valued at $246,259,000 after buying an additional 187,781 shares during the period. Finally, State Street Corp lifted its holdings in Discovery Communications by 5.4% in the second quarter. State Street Corp now owns 7,346,135 shares of the company’s stock valued at $189,736,000 after buying an additional 376,975 shares during the period. 48.00% of the stock is currently owned by hedge funds and other institutional investors.

In other Discovery Communications news, Director John C. Malone purchased 332,523 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the purchase, the director now owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Campbell sold 15,976 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $21.50, for a total transaction of $343,484.00. Following the sale, the insider now owns 85,298 shares in the company, valued at $1,833,907. The disclosure for this sale can be found here. 6.81% of the stock is owned by insiders.

Shares of Discovery Communications Inc. (NASDAQ DISCA) traded down $0.26 during mid-day trading on Friday, reaching $22.61. 6,717,081 shares of the company’s stock were exchanged, compared to its average volume of 5,490,000. Discovery Communications Inc. has a twelve month low of $15.99 and a twelve month high of $30.25. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The company has a market cap of $8,360.00, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59.

DISCA has been the topic of several recent analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $29.00 target price on shares of Discovery Communications in a report on Friday, October 20th. Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Macquarie upgraded shares of Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Tuesday, January 2nd. Bank of America raised shares of Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, December 21st. Finally, Deutsche Bank decreased their price target on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating for the company in a research note on Thursday, November 30th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.44.

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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:DISCA)

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