Confluence Investment Management buys $40,532,417 stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Confluence Investment Management scooped up 119,609 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,637,012 shares of Discovery Communications which is valued at $40,532,417.Discovery Communications makes up approximately 1.09% of Confluence Investment Management’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. boosted its stake in DISCK in the latest quarter, The investment management firm added 87,184 additional shares and now holds a total of 100,207 shares of Discovery Communications which is valued at $2,481,125. Discovery Communications makes up approx 0.06% of Candriam Luxembourg S.c.a.’s portfolio.Clarkston Capital Partners reduced its stake in DISCK by selling 4,985 shares or 32.94% in the most recent quarter. The Hedge Fund company now holds 10,150 shares of DISCK which is valued at $251,517. Discovery Communications makes up approx 0.01% of Clarkston Capital Partners’s portfolio.

Discovery Communications closed down -0.05 points or -0.20% at $24.54 with 15,27,243 shares getting traded on Friday. Post opening the session at $24.59, the shares hit an intraday low of $24.14 and an intraday high of $24.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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