Discovery INC (DISCA) Holding Upped by Smead Capital Management Inc

September 16, 2018 - By Robert Shackelford

Discovery, Inc. (NASDAQ:DISCA) LogoInvestors sentiment decreased to 0.92 in 2018 Q2. Its down 1.77, from 2.69 in 2018Q1. It fall, as 60 investors sold DISCA shares while 183 reduced holdings. 72 funds opened positions while 152 raised stakes. 308.77 million shares or 1.57% less from 313.69 million shares in 2018Q1 were reported. Lee Danner & Bass Inc holds 0.06% in Discovery, Inc. (NASDAQ:DISCA) or 23,062 shares. American Group Inc reported 136,163 shares. Pinebridge Limited Partnership reported 188 shares. South Dakota Inv Council holds 0.27% in Discovery, Inc. (NASDAQ:DISCA) or 478,122 shares. Tower Research Limited (Trc) holds 0.04% or 27,010 shares in its portfolio. Confluence Investment Mngmt Limited Liability Com, Missouri-based fund reported 726,906 shares. Sun Life accumulated 1,228 shares. Jefferies Grp Ltd Liability Corporation invested in 125,497 shares or 0.02% of the stock. Old West Inv Management Lc accumulated 0.63% or 49,243 shares. Montag A Associates holds 1.02% of its portfolio in Discovery, Inc. (NASDAQ:DISCA) for 362,283 shares. Institute For Wealth Management Ltd Llc has invested 0.09% in Discovery, Inc. (NASDAQ:DISCA). Brown Brothers Harriman And holds 18.64M shares or 2.92% of its portfolio. Credit Suisse Ag has 0.01% invested in Discovery, Inc. (NASDAQ:DISCA) for 430,932 shares. Alphamark Advisors Limited Liability Company invested in 0% or 82 shares. Norinchukin Financial Bank The holds 0.01% or 38,704 shares.

Since March 14, 2018, it had 3 buys, and 1 insider sale for $29.57 million activity. $4.70M worth of stock was sold by LOWE KENNETH W on Wednesday, September 5. Sims Savalle sold $61,902 worth of stock. MALONE JOHN C had bought 1.41M shares worth $32.98 million. $212,856 worth of Discovery, Inc. (NASDAQ:DISCA) was bought by Wiedenfels Gunnar on Wednesday, May 9. The insider Alpert-Romm Adria sold 16,238 shares worth $367,214.

Smead Capital Management Inc increased its stake in Discovery Inc (DISCA) by 18.7% based on its latest 2018Q2 regulatory filing with the SEC. Smead Capital Management Inc bought 830,614 shares as the company’s stock rose 25.77% with the market. The institutional investor held 5.27M shares of the consumer services company at the end of 2018Q2, valued at $145.01M, up from 4.44 million at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Discovery Inc for a number of months, seems to be bullish on the $21.99B market cap company. The stock increased 1.07% or $0.34 during the last trading session, reaching $32.18. About 5.74M shares traded or 47.33% up from the average. Discovery, Inc. (NASDAQ:DISCA) has risen 46.19% since September 16, 2017 and is uptrending. It has outperformed by 30.57% the S&P500.

Discovery, Inc. (NASDAQ:DISCA) Ratings Coverage

Among 14 analysts covering Discovery Comms (NASDAQ:DISCA), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Discovery Comms had 15 analyst reports since March 22, 2018 according to SRatingsIntel. The company was upgraded on Thursday, May 3 by J.P. Morgan. Bank of America maintained Discovery, Inc. (NASDAQ:DISCA) on Thursday, September 13 with “Buy” rating. The rating was upgraded by Wells Fargo on Monday, April 2 to “Buy”. The firm earned “Buy” rating on Tuesday, May 1 by Goldman Sachs. Guggenheim maintained the shares of DISCA in report on Thursday, March 22 with “Hold” rating. The rating was downgraded by Pivotal Research on Monday, June 18 to “Hold”. The rating was upgraded by Deutsche Bank to “Buy” on Tuesday, April 24. On Monday, June 4 the stock rating was upgraded by Pivotal Research to “Buy”. Jefferies upgraded the stock to “Buy” rating in Tuesday, August 21 report. Citigroup maintained Discovery, Inc. (NASDAQ:DISCA) on Wednesday, August 15 with “Buy” rating.

Discovery, Inc. (NASDAQ:DISCA) Institutional Positions Chart

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