Black River Asset Management Exits Position in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Black River Asset Management has sold out all of its stake in Discovery Communications during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 578,561 shares of Discovery Communications which is valued at $14,654,950.

Other Hedge Funds, Including , Tudor Investment Corp Et Al sold out all of its stake in DISCK during the most recent quarter. The investment firm sold 10,538 shares of DISCK which is valued $266,928.Gamco Investors Et Al reduced its stake in DISCK by selling 13,877 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 1,508,198 shares of DISCK which is valued at $38,202,655. Discovery Communications makes up approx 0.25% of Gamco Investors Et Al’s portfolio.Confluence Investment Management boosted its stake in DISCK in the latest quarter, The investment management firm added 119,609 additional shares and now holds a total of 1,637,012 shares of Discovery Communications which is valued at $40,532,417. Discovery Communications makes up approx 1.09% of Confluence Investment Management’s portfolio.

Discovery Communications opened for trading at $24.88 and hit $25 on the upside on Thursday, eventually ending the session at $24.95, with a gain of 0.52% or 0.13 points. The heightened volatility saw the trading volume jump to 10,12,090 shares. Company has a market cap of $9,879 M.

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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