Cedar Hill Associates buys $10,939,754 stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Cedar Hill Associates scooped up 2,475 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 447,800 shares of Discovery Communications which is valued at $10,939,754.Discovery Communications makes up approximately 1.83% of Cedar Hill Associates’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in DISCK by selling 900 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 29,500 shares of DISCK which is valued at $720,685. Discovery Communications makes up approx 0.01% of Nisa Investment Advisors’s portfolio.

Discovery Communications opened for trading at $24.27 and hit $24.51 on the upside on Monday, eventually ending the session at $24.43, with a gain of 0.41% or 0.1 points. The heightened volatility saw the trading volume jump to 23,31,274 shares. Company has a market cap of $9,912 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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