Smead Capital Management INC Has Increased Its Discovery INC (DISCA) Position by $22.43 Million

September 16, 2018 - By Nadine Davis

Discovery, Inc. (NASDAQ:DISCA) LogoInvestors sentiment decreased to 0.92 in Q2 2018. Its down 1.77, from 2.69 in 2018Q1. It dropped, 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. Vantage Investment Advsr Lc, a Pennsylvania-based fund reported 185 shares. The Georgia-based Suntrust Banks Inc has invested 0% in Discovery, Inc. (NASDAQ:DISCA). Credit Suisse Ag accumulated 430,932 shares or 0.01% of the stock. Alliancebernstein Ltd Partnership invested in 0.01% or 558,389 shares. 141,500 are owned by Lord Abbett & Co Limited Liability. Diligent Invsts Ltd Company stated it has 8,574 shares. State Of Wisconsin Inv Board accumulated 14.57 million shares or 1.07% of the stock. River & Mercantile Asset Management Llp has 0.37% invested in Discovery, Inc. (NASDAQ:DISCA). Price T Rowe Associate Md has invested 0% in Discovery, Inc. (NASDAQ:DISCA). Northwest Investment Counselors Limited Company has invested 0.34% in Discovery, Inc. (NASDAQ:DISCA). Beach Investment Counsel Pa stated it has 0.09% in Discovery, Inc. (NASDAQ:DISCA). Principal Financial Grp Inc, Iowa-based fund reported 519,173 shares. Auxier Asset Management holds 0.04% or 8,472 shares. Amer Natl Ins Tx has invested 0.24% in Discovery, Inc. (NASDAQ:DISCA). Cumberland Prtn Ltd owns 660,160 shares or 1.83% of their US portfolio.

Since March 14, 2018, it had 3 insider buys, and 1 insider sale for $29.57 million activity. Another trade for 16,238 shares valued at $367,214 was made by Alpert-Romm Adria on Friday, March 16. 1.41M shares were bought by MALONE JOHN C, worth $32.98 million. Shares for $212,856 were bought by Wiedenfels Gunnar on Wednesday, May 9. 50,000 shares valued at $1.07 million were bought by WARGO J DAVID on Wednesday, May 9. Sims Savalle had sold 2,571 shares worth $61,902 on Wednesday, March 14.

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 5.27 million shares of the consumer services company at the end of 2018Q2, valued at $145.01 million, up from 4.44M 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 5.74 million 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. Guggenheim maintained the stock with “Hold” rating in Thursday, March 22 report. The firm has “Overweight” rating given on Thursday, May 3 by JP Morgan. The firm earned “Buy” rating on Monday, June 4 by Pivotal Research. The rating was downgraded by Pivotal Research to “Hold” on Monday, June 18. The stock has “Buy” rating by Deutsche Bank on Tuesday, April 24. The rating was maintained by Macquarie Research on Friday, September 14 with “Outperform”. The rating was upgraded by Jefferies to “Buy” on Tuesday, August 21. The stock has “Buy” rating by J.P. Morgan on Thursday, May 3. The firm earned “Buy” rating on Tuesday, May 1 by Goldman Sachs. M Partners upgraded the stock to “Buy” rating in Tuesday, June 5 report.

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

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