Hawkins Capital Lowers stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : Hawkins Capital reduced its stake in Discovery Communications by 4.04% during the most recent quarter end. The investment management company now holds a total of 368,300 shares of Discovery Communications which is valued at $9,329,039 after selling 15,500 shares in Discovery Communications , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Discovery Communications makes up approximately 2.88% of Hawkins Capital’s portfolio.

Other Hedge Funds, Including , Managed Asset Portfolios boosted its stake in DISCK in the latest quarter, The investment management firm added 24,595 additional shares and now holds a total of 305,244 shares of Discovery Communications which is valued at $7,731,831. Discovery Communications makes up approx 3.30% of Managed Asset Portfolios’s portfolio.Norges Bank reduced its stake in DISCK by selling 215,200 shares or 16.92% in the most recent quarter. The Hedge Fund company now holds 1,056,751 shares of DISCK which is valued at $26,767,503. Discovery Communications makes up approx 0.01% of Norges Bank’s portfolio. Opera Trading Capital added DISCK to its portfolio by purchasing 1,209 company shares during the most recent quarter which is valued at $30,624. Discovery Communications makes up approx 0.02% of Opera Trading Capital’s portfolio.Raymond James Associates boosted its stake in DISCK in the latest quarter, The investment management firm added 31,630 additional shares and now holds a total of 89,192 shares of Discovery Communications which is valued at $2,259,233. Discovery Communications makes up approx 0.01% of Raymond James Associates’s portfolio.New York State Teachers Retirement System boosted its stake in DISCK in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 384,983 shares of Discovery Communications which is valued at $9,539,879. Discovery Communications makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.

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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