Manor Road Capital Partners buys $65,858,000 stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Manor Road Capital Partners scooped up 775,000 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,600,000 shares of Discovery Communications which is valued at $65,858,000.Discovery Communications makes up approximately 9.69% of Manor Road Capital Partners’s portfolio.

Other Hedge Funds, Including , Managed Asset Portfolios boosted its stake in DISCK in the latest quarter, The investment management firm added 24,595 additional shares and now holds a total of 305,244 shares of Discovery Communications which is valued at $7,731,831. Discovery Communications makes up approx 3.30% of Managed Asset Portfolios’s portfolio. Mariner Wealth Advisors sold out all of its stake in DISCK during the most recent quarter. The investment firm sold 18,171 shares of DISCK which is valued $460,271. Matarin Capital Management added DISCK to its portfolio by purchasing 114,963 company shares during the most recent quarter which is valued at $2,912,013. Discovery Communications makes up approx 0.37% of Matarin Capital Management’s portfolio.Stephens Inc Ar boosted its stake in DISCK in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 12,245 shares of Discovery Communications which is valued at $310,166. Discovery Communications makes up approx 0.01% of Stephens Inc Ar’s portfolio.Swiss National Bank reduced its stake in DISCK by selling 38,800 shares or 5.44% in the most recent quarter. The Hedge Fund company now holds 674,174 shares of DISCK which is valued at $17,467,848. Discovery Communications makes up approx 0.03% of Swiss National Bank’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).

Leave a Reply

Discovery Communications - Is it time to Sell?

Top Brokerage Firms are advising their investors on Discovery Communications. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.