Seizert Capital Partners Lowers stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Seizert Capital Partners reduced its stake in Discovery Communications by 11.98% during the most recent quarter end. The investment management company now holds a total of 2,227,040 shares of Discovery Communications which is valued at $60.2 Million after selling 303,046 shares in Discovery Communications , the firm said in a disclosure report filed with the SEC on May 11, 2016.Discovery Communications makes up approximately 2.10% of Seizert Capital Partners’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust boosted its stake in DISCK in the latest quarter, The investment management firm added 181 additional shares and now holds a total of 8,361 shares of Discovery Communications which is valued at $226,081. Discovery Communications makes up approx 0.03% of Finemark National Bank Trust’s portfolio.Airain Ltd boosted its stake in DISCK in the latest quarter, The investment management firm added 46,154 additional shares and now holds a total of 57,770 shares of Discovery Communications which is valued at $1.6 Million. Discovery Communications makes up approx 0.11% of Airain Ltd’s portfolio.Cibc Asset Management Inc boosted its stake in DISCK in the latest quarter, The investment management firm added 1,193 additional shares and now holds a total of 33,609 shares of Discovery Communications which is valued at $908,787. Discovery Communications makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.

Discovery Communications closed down -0.4 points or -1.48% at $26.64 with 15,37,219 shares getting traded on Monday. Post opening the session at $27.09, the shares hit an intraday low of $26.51 and an intraday high of $27.09 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on Discovery Communications. Shares were Downgraded by Topeka Capital Markets on Apr 25, 2016 to ” Hold” and Lowered the Price Target to $ 30 from a previous price target of $37 .

Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

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