North Star Asset Management Inc Lowers stake in Discovery Communications (DISCK)

Discovery Communications (DISCK) : North Star Asset Management Inc reduced its stake in Discovery Communications by 0.34% during the most recent quarter end. The investment management company now holds a total of 340,557 shares of Discovery Communications which is valued at $9,184,822 after selling 1,145 shares in Discovery Communications , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Discovery Communications makes up approximately 1.03% of North Star Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in DISCK in the latest quarter, The investment management firm added 86,987 additional shares and now holds a total of 103,641 shares of Discovery Communications which is valued at $2,795,198. Discovery Communications makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in DISCK in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 577 shares of Discovery Communications which is valued at $15,562.

Discovery Communications closed down -0.09 points or -0.34% at $26.75 with 17,74,538 shares getting traded on Tuesday. Post opening the session at $26.88, the shares hit an intraday low of $26.5 and an intraday high of $26.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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