Northroad Capital Management Lowers stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Northroad Capital Management reduced its stake in Discovery Communications by 4.07% during the most recent quarter end. The investment management company now holds a total of 15,977 shares of Discovery Communications which is valued at $432,018 after selling 678 shares in Discovery Communications , the firm said in a disclosure report filed with the SEC on May 12, 2016.Discovery Communications makes up approximately 0.29% of Northroad Capital Management’s portfolio.

Other Hedge Funds, Including , Tsp Capital Management Group reduced its stake in DISCK by selling 23,214 shares or 16.96% in the most recent quarter. The Hedge Fund company now holds 113,688 shares of DISCK which is valued at $3.1 Million. Discovery Communications makes up approx 1.64% of Tsp Capital Management Group’s portfolio.Comerica Bank reduced its stake in DISCK by selling 2,024 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 66,875 shares of DISCK which is valued at $1.8 Million. Discovery Communications makes up approx 0.02% of Comerica Bank’s portfolio.Cannell Peter B Co Inc reduced its stake in DISCK by selling 1,799 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 217,537 shares of DISCK which is valued at $5.9 Million. Discovery Communications makes up approx 0.21% of Cannell Peter B Co Inc’s portfolio.Wetherby Asset Management Inc reduced its stake in DISCK by selling 343 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 7,861 shares of DISCK which is valued at $212,561. Discovery Communications makes up approx 0.05% of Wetherby Asset Management Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in DISCK in the latest quarter, The investment management firm added 3,118 additional shares and now holds a total of 39,776 shares of Discovery Communications which is valued at $1.1 Million. Discovery Communications makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’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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