Allianz Asset Management AG increased its stake in Discovery Communications Inc. (NASDAQ:DISCK) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,670 shares of the company’s stock after buying an additional 74 shares during the period. Allianz Asset Management AG’s holdings in Discovery Communications were worth $955,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DISCK. Acrospire Investment Management LLC raised its position in shares of Discovery Communications by 51.4% in the third quarter. Acrospire Investment Management LLC now owns 5,600 shares of the company’s stock valued at $147,000 after buying an additional 1,900 shares during the period. Virtus Investment Advisers Inc. bought a new position in shares of Discovery Communications during the third quarter valued at $152,000. Toronto Dominion Bank raised its position in shares of Discovery Communications by 403.3% in the third quarter. Toronto Dominion Bank now owns 6,653 shares of the company’s stock valued at $175,000 after buying an additional 5,331 shares during the period. Pacer Advisors Inc. raised its position in shares of Discovery Communications by 138.8% in the third quarter. Pacer Advisors Inc. now owns 6,865 shares of the company’s stock valued at $183,000 after buying an additional 3,990 shares during the period. Finally, Nicolet Bankshares Inc. bought a new position in shares of Discovery Communications during the third quarter valued at $204,000. 48.10% of the stock is owned by institutional investors.
Shares of Discovery Communications Inc. (NASDAQ:DISCK) opened at 27.16 on Tuesday. Discovery Communications Inc. has a 12 month low of $22.43 and a 12 month high of $29.07. The firm has a market cap of $15.90 billion, a PE ratio of 13.88 and a beta of 1.50. The stock’s 50 day moving average is $27.60 and its 200 day moving average is $26.47.
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Separately, Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Friday, December 9th.
Discovery Communications Company Profile
Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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