Nokomis Capital L.L.C. acquired a new position in shares of Discovery Communications Inc. (NASDAQ:DISCK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 955,203 shares of the company’s stock, valued at approximately $20,222,000. Discovery Communications accounts for 4.6% of Nokomis Capital L.L.C.’s portfolio, making the stock its 5th largest position. Nokomis Capital L.L.C. owned about 0.25% of Discovery Communications as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DISCK. Highlander Capital Management LLC grew its position in Discovery Communications by 5,747.1% in the fourth quarter. Highlander Capital Management LLC now owns 5,087 shares of the company’s stock valued at $108,000 after purchasing an additional 5,000 shares in the last quarter. Cohen Klingenstein LLC bought a new position in Discovery Communications in the fourth quarter valued at $204,000. Creative Planning bought a new position in Discovery Communications in the fourth quarter valued at $207,000. Mint Tower Capital Management B.V. bought a new position in Discovery Communications in the third quarter valued at $215,000. Finally, Bfsg LLC bought a new position in Discovery Communications in the fourth quarter valued at $243,000. Institutional investors and hedge funds own 52.95% of the company’s stock.
Shares of Discovery Communications Inc. (NASDAQ DISCK) opened at $22.38 on Wednesday. The company has a market cap of $8,638.74, a PE ratio of 11.37 and a beta of 1.41. The company has a debt-to-equity ratio of 3.20, a quick ratio of 5.34 and a current ratio of 5.34. Discovery Communications Inc. has a twelve month low of $14.99 and a twelve month high of $29.18.
A number of research analysts have recently commented on DISCK shares. Zacks Investment Research raised shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley lifted their price objective on shares of Discovery Communications from $22.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $29.00.
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About Discovery Communications
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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