Oak Grove Capital LLC acquired a new position in shares of Discovery Communications Inc. (NASDAQ:DISCK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 63,050 shares of the company’s stock, valued at approximately $1,335,000. Discovery Communications comprises approximately 1.4% of Oak Grove Capital LLC’s portfolio, making the stock its 21st largest holding.
A number of other hedge funds have also recently modified their holdings of the stock. State of Wisconsin Investment Board lifted its holdings in Discovery Communications by 101.1% during the 4th quarter. State of Wisconsin Investment Board now owns 13,528,070 shares of the company’s stock worth $286,389,000 after buying an additional 6,799,916 shares during the period. Prudential Financial Inc. lifted its holdings in Discovery Communications by 207.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,588,195 shares of the company’s stock worth $52,437,000 after buying an additional 1,745,767 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Discovery Communications by 25.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,362,821 shares of the company’s stock worth $149,171,000 after buying an additional 1,484,500 shares during the period. Private Management Group Inc. acquired a new position in Discovery Communications during the 3rd quarter worth about $27,985,000. Finally, Mackenzie Financial Corp acquired a new position in Discovery Communications during the 3rd quarter worth about $27,157,000. Institutional investors and hedge funds own 51.23% of the company’s stock.
Several brokerages have commented on DISCK. BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a report on Friday, February 16th. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley lifted their target price on Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised Discovery Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.00.
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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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