Tower Research Capital LLC TRC boosted its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 391.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,764 shares of the company’s stock after buying an additional 10,165 shares during the period. Tower Research Capital LLC TRC’s holdings in Discovery Communications were worth $286,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in Discovery Communications by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after purchasing an additional 1,297,175 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Discovery Communications during the third quarter valued at about $19,118,000. Schroder Investment Management Group raised its position in Discovery Communications by 2,638.6% during the fourth quarter. Schroder Investment Management Group now owns 879,100 shares of the company’s stock valued at $19,674,000 after purchasing an additional 847,000 shares in the last quarter. Teacher Retirement System of Texas raised its position in Discovery Communications by 262.9% during the fourth quarter. Teacher Retirement System of Texas now owns 897,148 shares of the company’s stock valued at $20,078,000 after purchasing an additional 649,929 shares in the last quarter. Finally, Alpine Associates Management Inc. purchased a new stake in Discovery Communications during the third quarter valued at about $10,115,000. 47.37% of the stock is owned by institutional investors.
Shares of Discovery Communications Inc. (NASDAQ DISCA) opened at $24.01 on Friday. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $9,101.09, a PE ratio of 12.57, a P/E/G ratio of 1.22 and a beta of 1.57. Discovery Communications Inc. has a 12 month low of $15.99 and a 12 month high of $30.25.
In related news, insider Bruce Campbell sold 15,976 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total value of $343,484.00. Following the sale, the insider now directly owns 85,298 shares of the company’s stock, valued at $1,833,907. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone bought 332,523 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the completion of the purchase, the director now directly owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The disclosure for this purchase can be found here. 6.81% of the stock is owned by company insiders.
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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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