Davenport Co buys $98,968,703 stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Davenport Co scooped up 466,213 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 4,036,244 shares of Discovery Communications which is valued at $98,968,703.Discovery Communications makes up approximately 1.47% of Davenport Co’s portfolio.

Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in DISCK by selling 1,601 shares or 7.95% in the most recent quarter. The Hedge Fund company now holds 18,536 shares of DISCK which is valued at $454,503.Exxonmobil Investment Management Inc Tx boosted its stake in DISCK in the latest quarter, The investment management firm added 3,857 additional shares and now holds a total of 61,801 shares of Discovery Communications which is valued at $1,510,416. Discovery Communications makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DISCK by selling 79,080 shares or 82.6% in the most recent quarter. The Hedge Fund company now holds 16,654 shares of DISCK which is valued at $407,024.

Discovery Communications closed down -0.39 points or -1.58% at $24.33 with 19,11,939 shares getting traded on Friday. Post opening the session at $24.77, the shares hit an intraday low of $24.03 and an intraday high of $24.77 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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