As Discovery INC (DISCA) Shares Rose, Gluskin Sheff & Assoc INC Upped by $3.96 Million Its Holding

October 13, 2018 - By Marguerite Chambers

Discovery, Inc. (NASDAQ:DISCA) LogoInvestors sentiment decreased to 0.92 in 2018 Q2. Its down 1.77, from 2.69 in 2018Q1. It worsened, 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. Moreover, Mariner Limited Co has 0.01% invested in Discovery, Inc. (NASDAQ:DISCA). Olstein Management Lp, New York-based fund reported 671,877 shares. Brown Brothers Harriman & holds 2.92% or 18.64 million shares. 5,813 are held by Ameritas Prtn. Gotham Asset Mngmt Ltd Liability accumulated 57,793 shares or 0.02% of the stock. 16,306 were reported by Nomura. Cedar Hill Assoc Ltd Liability Company has invested 1.35% in Discovery, Inc. (NASDAQ:DISCA). Clark Mngmt Group Inc Incorporated has 0.57% invested in Discovery, Inc. (NASDAQ:DISCA) for 719,131 shares. Bridges Invest holds 0.02% of its portfolio in Discovery, Inc. (NASDAQ:DISCA) for 17,000 shares. Ubs Oconnor Lc invested in 0% or 260,986 shares. Whittier reported 0% in Discovery, Inc. (NASDAQ:DISCA). Legal General Gru Pcl has invested 0.03% in Discovery, Inc. (NASDAQ:DISCA). Brown Advisory owns 0.01% invested in Discovery, Inc. (NASDAQ:DISCA) for 179,725 shares. Hudock Gp Lc has invested 0% in Discovery, Inc. (NASDAQ:DISCA). Ameriprise Financial holds 0% or 175,955 shares in its portfolio.

Since May 9, 2018, it had 3 insider purchases, and 5 selling transactions for $25.45 million activity. WARGO J DAVID bought $1.07 million worth of stock. Campbell Bruce also sold $943,860 worth of Discovery, Inc. (NASDAQ:DISCA) shares. Sims Savalle sold $46,994 worth of Discovery, Inc. (NASDAQ:DISCA) on Wednesday, September 12. Another trade for 7,233 shares valued at $217,303 was sold by Wehner Kurt. 93,392 shares were sold by Perrette Jean-Briac, worth $2.91 million on Friday, September 14. Wiedenfels Gunnar bought $212,856 worth of Discovery, Inc. (NASDAQ:DISCA) on Wednesday, May 9.

Gluskin Sheff & Assoc Inc increased its stake in Discovery Inc (DISCA) by 54.96% based on its latest 2018Q2 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc bought 146,689 shares as the company’s stock rose 25.77% with the market. The institutional investor held 413,568 shares of the consumer services company at the end of 2018Q2, valued at $11.37 million, up from 266,879 at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Discovery Inc for a number of months, seems to be bullish on the $22.11 billion market cap company. The stock increased 2.39% or $0.74 during the last trading session, reaching $31.76. About 3.01 million shares traded. Discovery, Inc. (NASDAQ:DISCA) has risen 46.19% since October 13, 2017 and is uptrending. It has outperformed by 30.57% the S&P500.

Gluskin Sheff & Assoc Inc, which manages about $7.77 billion and $1.98 billion US Long portfolio, decreased its stake in Waste Connections Inc by 138,806 shares to 789,987 shares, valued at $59.51M in 2018Q2, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 87,238 shares in the quarter, leaving it with 929,703 shares, and cut its stake in Canadian Pac Ry Ltd (NYSE:CP).

More recent Discovery, Inc. (NASDAQ:DISCA) news were published by: Seekingalpha.com which released: “Discovery: An Unscripted Powerhouse With Global Reach” on October 04, 2018. Also Seekingalpha.com published the news titled: “Discovery strikes deal for European golf tourneys” on September 28, 2018. Seekingalpha.com‘s news article titled: “Discovery +2.2% as Evercore boosts target” with publication date: October 05, 2018 was also an interesting one.

Discovery, Inc. (NASDAQ:DISCA) Ratings Coverage

Among 12 analysts covering Discovery Comms (NASDAQ:DISCA), 11 have Buy rating, 1 Sell and 0 Hold. Therefore 92% are positive. Discovery Comms had 16 analyst reports since April 24, 2018 according to SRatingsIntel. On Monday, September 24 the stock rating was maintained by Imperial Capital with “Outperform”. Bank of America maintained Discovery, Inc. (NASDAQ:DISCA) rating on Thursday, September 13. Bank of America has “Buy” rating and $35.5 target. Jefferies upgraded the shares of DISCA in report on Tuesday, August 21 to “Buy” rating. Macquarie Research maintained the shares of DISCA in report on Friday, September 14 with “Outperform” rating. The company was upgraded on Tuesday, April 24 by Deutsche Bank. The firm earned “Hold” rating on Monday, June 18 by Pivotal Research. As per Monday, June 4, the company rating was upgraded by Pivotal Research. The firm earned “Overweight” rating on Thursday, May 3 by JP Morgan. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Buy” rating by M Partners on Tuesday, June 5. Citigroup maintained Discovery, Inc. (NASDAQ:DISCA) on Wednesday, August 15 with “Buy” rating.

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

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