PEAK6 Investments L.P. boosted its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 57.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,605 shares of the company’s stock after buying an additional 5,305 shares during the period. PEAK6 Investments L.P.’s holdings in Discovery Communications were worth $413,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rafferty Asset Management LLC boosted its position in Discovery Communications by 17.7% in the fourth quarter. Rafferty Asset Management LLC now owns 18,293 shares of the company’s stock worth $490,000 after buying an additional 2,745 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Discovery Communications by 1,498.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 406,853 shares of the company’s stock worth $10,902,000 after buying an additional 381,394 shares during the last quarter. Aviva PLC boosted its position in Discovery Communications by 5.9% in the fourth quarter. Aviva PLC now owns 149,296 shares of the company’s stock worth $4,001,000 after buying an additional 8,263 shares during the last quarter. Elkfork Partners LLC bought a new position in Discovery Communications during the fourth quarter worth approximately $1,577,000. Finally, Marshall Wace LLP bought a new position in Discovery Communications during the fourth quarter worth approximately $259,000. Institutional investors and hedge funds own 48.34% of the company’s stock.
Shares of Discovery Communications, Inc. (NASDAQ DISCK) traded up 0.31% on Friday, reaching $25.60. 3,185,464 shares of the company’s stock traded hands. The firm has a market capitalization of $11.34 billion, a P/E ratio of 13.39 and a beta of 1.50. The firm’s 50 day moving average is $25.75 and its 200 day moving average is $27.09. Discovery Communications, Inc. has a 52 week low of $22.43 and a 52 week high of $29.18.
Discovery Communications (NASDAQ:DISCK) last released its earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.09. The firm had revenue of $1.61 billion during the quarter. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. Analysts expect that Discovery Communications, Inc. will post $2.27 earnings per share for the current fiscal year.
A number of research firms have recently commented on DISCK. TheStreet upgraded shares of Discovery Communications from a “c+” rating to a “b-” rating in a report on Monday, April 10th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, February 28th. Finally, ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
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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