Caisse DE Depot ET Placement DU Quebec reduced its holdings in Discovery Communications Inc. (NASDAQ:DISCK) by 80.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,383 shares of the company’s stock after selling 47,860 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Discovery Communications were worth $241,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Highlander Capital Management LLC increased its holdings in shares of Discovery Communications by 5,747.1% in 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 acquired a new stake in shares of Discovery Communications in the 4th quarter worth about $204,000. Creative Planning acquired a new stake in shares of Discovery Communications in the 4th quarter worth about $207,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Discovery Communications in the 3rd quarter worth about $215,000. Finally, Bfsg LLC acquired a new stake in shares of Discovery Communications in the 4th quarter worth about $243,000. Institutional investors own 52.95% of the company’s stock.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley increased their price objective 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, Discovery Communications currently has a consensus rating of “Hold” and an average price target of $29.00.
Discovery Communications stock opened at $21.58 on Monday. The company has a market cap of $8,241.55, a PE ratio of -35.97 and a beta of 1.41. The company has a debt-to-equity ratio of 3.20, a quick ratio of 5.34 and a current ratio of 5.34. Discovery Communications Inc. has a 52 week low of $14.99 and a 52 week high of $29.18.
Discovery Communications (NASDAQ:DISCK) last released its earnings results on Tuesday, February 27th. The company reported $0.47 EPS for the quarter. The firm had revenue of $1.86 billion for the quarter. Discovery Communications had a negative net margin of 4.90% and a positive return on equity of 21.68%.
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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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