Brown Brothers Harriman Co Lowers stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Brown Brothers Harriman Co reduced its stake in Discovery Communications by 1.75% during the most recent quarter end. The investment management company now holds a total of 21,340,077 shares of Discovery Communications which is valued at $540,544,150 after selling 380,915 shares in Discovery Communications , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Discovery Communications makes up approximately 2.69% of Brown Brothers Harriman Co’s portfolio.

Other Hedge Funds, Including , Millennium Management reduced its stake in DISCK by selling 290,228 shares or 70.63% in the most recent quarter. The Hedge Fund company now holds 120,703 shares of DISCK which is valued at $3,057,407. Discovery Communications makes up approx 0.01% of Millennium Management’s portfolio.Mutual Of America Capital Management reduced its stake in DISCK by selling 1,403 shares or 4.8% in the most recent quarter. The Hedge Fund company now holds 27,828 shares of DISCK which is valued at $721,023. Discovery Communications makes up approx 0.01% of Mutual Of America Capital Management’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in DISCK by selling 20,000 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 420,000 shares of DISCK which is valued at $10,882,200. Discovery Communications makes up approx 0.05% of State Of New Jersey Common Pension Fund D’s portfolio. Sequoia Financial Advisors added DISCK to its portfolio by purchasing 9,961 company shares during the most recent quarter which is valued at $244,443. Discovery Communications makes up approx 0.07% of Sequoia Financial Advisors’s portfolio.American Century Companies Inc reduced its stake in DISCK by selling 1,850 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 40,140 shares of DISCK which is valued at $993,866.

Discovery Communications opened for trading at $24.88 and hit $25 on the upside on Thursday, eventually ending the session at $24.95, with a gain of 0.52% or 0.13 points. The heightened volatility saw the trading volume jump to 10,12,090 shares. Company has a market cap of $9,879 M.

Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

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