Weitz Investment Management buys $59,394,882 stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Weitz Investment Management scooped up 1,376,095 additional shares in Discovery Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,174,044 shares of Discovery Communications which is valued at $59,394,882.Discovery Communications makes up approximately 2.25% of Weitz Investment Management’s portfolio.

Other Hedge Funds, Including , First Pacific Advisors sold out all of its stake in DISCK during the most recent quarter. The investment firm sold 144,200 shares of DISCK which is valued $3,939,544.Institutional Capital boosted its stake in DISCK in the latest quarter, The investment management firm added 87,533 additional shares and now holds a total of 2,540,603 shares of Discovery Communications which is valued at $64,378,880. Discovery Communications makes up approx 0.87% of Institutional Capital’s portfolio.Municipal Employees’ Retirement System Of Michigan reduced its stake in DISCK by selling 460 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 7,130 shares of DISCK which is valued at $176,325. Discovery Communications makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Davenport Co reduced its stake in DISCK by selling 486,293 shares or 12.05% in the most recent quarter. The Hedge Fund company now holds 3,549,951 shares of DISCK which is valued at $86,973,800. Discovery Communications makes up approx 1.30% of Davenport Co’s portfolio.

Discovery Communications closed down -0.34 points or -1.26% at $26.75 with 16,31,523 shares getting traded on Monday. Post opening the session at $27, the shares hit an intraday low of $26.68 and an intraday high of $27.1 and the price fluctuated in this range throughout the day.Shares ended Monday 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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