Madison Investment Holdings Inc buys $72.8 Million stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Madison Investment Holdings Inc scooped up 387,682 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,692,354 shares of Discovery Communications which is valued at $72.8 Million.Discovery Communications makes up approximately 1.55% of Madison Investment Holdings Inc’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp boosted its stake in DISCK in the latest quarter, The investment management firm added 2,218 additional shares and now holds a total of 544,962 shares of Discovery Communications which is valued at $14.7 Million. Discovery Communications makes up approx 0.03% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Anchor Capital Advisors boosted its stake in DISCK in the latest quarter, The investment management firm added 25,604 additional shares and now holds a total of 1,264,886 shares of Discovery Communications which is valued at $34.2 Million. Discovery Communications makes up approx 0.87% of Anchor Capital Advisors’s portfolio.Td Asset Management Inc reduced its stake in DISCK by selling 12,116 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 164,501 shares of DISCK which is valued at $4.6 Million. Discovery Communications makes up approx 0.01% of Td Asset Management Inc’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in DISCK by selling 219,230 shares or 94.39% in the most recent quarter. The Hedge Fund company now holds 13,023 shares of DISCK which is valued at $348,756. Discovery Communications makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.

Discovery Communications opened for trading at $25.22 and hit $25.78 on the upside on Friday, eventually ending the session at $25.17, with a gain of 0.28% or 0.07 points. The heightened volatility saw the trading volume jump to 25,63,333 shares. Company has a market cap of $6,260,383 M.

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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