GABELLI & Co INVESTMENT ADVISERS INC. Takes Position in Discovery Communications Inc. (DISCK)

GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Discovery Communications Inc. (NASDAQ:DISCK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 173,349 shares of the company’s stock, valued at approximately $3,384,000.

Other hedge funds have also modified their holdings of the company. Highlander Capital Management LLC increased its holdings in Discovery Communications by 5,747.1% in the fourth quarter. Highlander Capital Management LLC now owns 5,087 shares of the company’s stock worth $108,000 after purchasing an additional 5,000 shares in the last quarter. Creative Planning bought a new stake in Discovery Communications in the fourth quarter worth approximately $207,000. Daiwa Securities Group Inc. increased its holdings in Discovery Communications by 48.8% in the first quarter. Daiwa Securities Group Inc. now owns 9,814 shares of the company’s stock worth $192,000 after purchasing an additional 3,220 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in Discovery Communications in the first quarter worth approximately $197,000. Finally, Dreman Value Management L L C bought a new stake in Discovery Communications in the first quarter worth approximately $206,000. Institutional investors and hedge funds own 73.50% of the company’s stock.

A number of brokerages have commented on DISCK. Morgan Stanley raised their price objective on Discovery Communications from $22.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.00.

Shares of Discovery Communications opened at $21.44 on Tuesday, Marketbeat reports. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 2.00. Discovery Communications Inc. has a 52 week low of $14.99 and a 52 week high of $27.15. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 10.15 and a beta of 1.44.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.13. Discovery Communications had a positive return on equity of 19.34% and a negative net margin of 7.40%. The firm had revenue of $2.31 billion during the quarter.

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.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCK)

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