Gluskin Sheff & Assoc INC Has Increased Discovery INC (DISCA) Holding by $3.96 Million; Stock Price Rose

October 13, 2018 - By Darrin Black

Discovery, Inc. (NASDAQ:DISCA) LogoInvestors sentiment decreased to 0.92 in 2018 Q2. Its down 1.77, from 2.69 in 2018Q1. It turned negative, 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. Carlson Lp invested 0.38% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). Robeco Institutional Asset Bv reported 10,716 shares stake. Captrust Financial Advsrs holds 0% in Discovery, Inc. (NASDAQ:DISCA) or 1,257 shares. Price T Rowe Associates Md holds 586,039 shares. Dubuque Bank & Trust And Tru Com invested in 0% or 291 shares. Aviva Public Limited Co holds 0.03% or 168,913 shares in its portfolio. Utah Retirement System has 63,821 shares for 0.03% of their portfolio. Parkside Bankshares And Trust has 131 shares for 0% of their portfolio. Stone Ridge Asset Mngmt Ltd Limited Liability Company reported 51,968 shares or 0.08% of all its holdings. Blackrock has invested 0.02% in Discovery, Inc. (NASDAQ:DISCA). Baystate Wealth Mgmt Ltd Liability Co has invested 0% in Discovery, Inc. (NASDAQ:DISCA). Clearbridge Invests Lc owns 3.62 million shares or 0.08% of their US portfolio. Mycio Wealth Prns Ltd Com holds 0.03% of its portfolio in Discovery, Inc. (NASDAQ:DISCA) for 10,000 shares. Ontario Teachers Pension Plan Board reported 10,275 shares. Amg Bank owns 10,000 shares.

Since May 9, 2018, it had 3 insider purchases, and 5 sales for $25.45 million activity. Sims Savalle also sold $46,994 worth of Discovery, Inc. (NASDAQ:DISCA) shares. $2.91M worth of Discovery, Inc. (NASDAQ:DISCA) was sold by Perrette Jean-Briac. On Wednesday, May 9 WARGO J DAVID bought $1.07M worth of Discovery, Inc. (NASDAQ:DISCA) or 50,000 shares. Shares for $32.98 million were bought by MALONE JOHN C on Tuesday, June 12. $4.70 million worth of stock was sold by LOWE KENNETH W on Wednesday, September 5. 10,000 shares valued at $212,856 were bought by Wiedenfels Gunnar 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 3.01M 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 Canadian Pac Ry Ltd (NYSE:CP) by 30,881 shares to 290,405 shares, valued at $53.22M in 2018Q2, according to the filing. It also reduced its holding in Manulife Finl Corp (NYSE:MFC) by 298,200 shares in the quarter, leaving it with 4.87 million shares, and cut its stake in Canadian Nat Res Ltd (NYSE:CNQ).

More recent Discovery, Inc. (NASDAQ:DISCA) news were published by: Seekingalpha.com which released: “Discovery +2.2% as Evercore boosts target” on October 05, 2018. Also Seekingalpha.com published the news titled: “Discovery: An Unscripted Powerhouse With Global Reach” on October 04, 2018. Seekingalpha.com‘s news article titled: “Discovery strikes deal for European golf tourneys” with publication date: September 28, 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. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Buy” rating by M Partners on Tuesday, June 5. The company was maintained on Friday, September 14 by Macquarie Research. The rating was upgraded by Credit Suisse on Wednesday, October 10 to “Outperform”. The stock has “Buy” rating by Citigroup on Wednesday, August 15. The stock has “Buy” rating by Bank of America on Thursday, September 13. Pivotal Research downgraded Discovery, Inc. (NASDAQ:DISCA) on Tuesday, September 18 to “Sell” rating. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Outperform” rating by Imperial Capital on Monday, September 24. The rating was upgraded by Pivotal Research on Monday, June 4 to “Buy”. As per Thursday, May 3, the company rating was upgraded by J.P. Morgan. Pivotal Research downgraded the shares of DISCA in report on Monday, June 18 to “Hold” rating.

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

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