Shares in Discovery Communications, Inc. (NASDAQ:DISCK) Acquired by Renaissance Technologies LLC

Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Discovery Communications by 0.7% in the first quarter.

The company is trading unchanged since yesterday's close of $21.93. Discovery Communications Inc. (NASDAQ:DISCA) has declined 0.88% since August 11, 2016 and is downtrending.

Other institutional investors have also recently modified their holdings of the company. Finally, Feltz Wealth PLAN Inc. purchased a new position in shares of Discovery Communications during the first quarter valued at about $189,000.

The company declined -2.05% and closed its last trading session at $22.39. CIBC Asset Management Inc increased its stake in Discovery Communications by 1.9% in the second quarter. Lombard Odier Asset Management (Europe) Limited owns 10,647 shares or 0.37% of their U.S. portfolio. FMR LLC raised its position in shares of Discovery Communications by 48.5% in the fourth quarter.

Hotchkis & Wiley Capital Management LLC isn't the only one who has changed their investment in DISCK.

Cg Asset Management Llc increased its stake in Micron Technology Inc (MU) by 7.34% based on its latest 2016Q4 regulatory filing with the SEC. Proshare Advisors LLC now holds 81,247 shares valued at $2,048,000. Following the sale, the director now directly owns 188,676 shares of the company's stock, valued at approximately $4,901,802.48. (NASDAQ DISCK) opened at 21.93 on Friday. The firm's 50 day moving average is $25.69 and its 200 day moving average is $27.18.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.76 billion. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The firm's revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Discovery Communications, Inc. will post $2.24 EPS for the current year. Keybank Association Oh invested 0% in Discovery Communications Inc.

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A number of research analysts have commented on DISCK shares. MKM Partners reaffirmed a "neutral" rating and set a $26.00 price target (down previously from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. FBR & Co reissued a "hold" rating and issued a $30.00 price objective on shares of Discovery Communications in a research report on Friday, April 7th. TheStreet downgraded shares of Discovery Communications from a "b-" rating to a "c+" rating in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. On July 14 Deutsche Bank kept the company rating at "Hold" but moved down the price target from $33.50 to $30.00. BidaskClub upgraded Discovery Communications from a "sell" rating to a "hold" rating in a report on Tuesday, June 27th. The stock was sold at an average price of $26.43, for a total transaction of $245,349.69.

Greenleaf Trust decreased Conocophillips (COP) stake by 37.32% reported in 2016Q4 SEC filing. Also, Director Paul A. Gould sold 8,832 shares of Discovery Communications stock in a transaction dated Wednesday, May 10th. Jpmorgan Chase Company reported 20.85M shares stake. The disclosure for this purchase can be found here. Institutional investors and hedge funds own 46.82% of the company's stock.

The Company's portfolio of networks includes television brands, such as Discovery Channel, Animal Planet, ID, Velocity (known as Turbo outside of the United States) and Eurosport. The Firm 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. The Firm operates through nine divisions: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services.