Smead Capital Management INC Has Lifted Its Stake in Discovery INC (DISCA) as Stock Rose

November 10, 2018 - By James Guidry

Discovery, Inc. (NASDAQ:DISCA) LogoInvestors sentiment decreased to 0.92 in Q2 2018. Its down 1.77, from 2.69 in 2018Q1. It is 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. Sei Invests Co invested in 0% or 4,992 shares. Glenmede Trust Na holds 52,781 shares. Moreover, Lpl Fincl Ltd Com has 0% invested in Discovery, Inc. (NASDAQ:DISCA). Ubs Asset Mgmt Americas Inc holds 0% or 963,195 shares in its portfolio. Psagot Inv House Ltd reported 500 shares or 0% of all its holdings. 33,011 are owned by Beach Invest Counsel Incorporated Pa. Utah Retirement Sys accumulated 63,821 shares. D E Shaw has 350,420 shares. Sageworth reported 150 shares. Gradient Invs Lc, a Minnesota-based fund reported 15 shares. Mutual Of America Capital Management Ltd Llc invested 0.03% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). North Star Invest Corporation has 610 shares. Swiss Financial Bank reported 1.00 million shares or 0.03% of all its holdings. Rnc Capital Limited Co accumulated 100,072 shares. Synovus Fin stated it has 0% of its portfolio in Discovery, Inc. (NASDAQ:DISCA).

Since June 12, 2018, it had 1 buying transaction, and 5 selling transactions for $24.17 million activity. Sims Savalle sold 1,666 shares worth $46,994. MALONE JOHN C bought 1.41M shares worth $32.98 million. 183,621 shares were sold by LOWE KENNETH W, worth $4.70M. Perrette Jean-Briac sold $2.91M worth of stock or 93,392 shares. 7,233 shares were sold by Wehner Kurt, worth $217,303 on Wednesday, September 12.

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 $145.01 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 $22.03B market cap company. The stock decreased 2.43% or $0.82 during the last trading session, reaching $32.98. About 4.35 million shares traded or 5.05% up from the average. Discovery, Inc. (NASDAQ:DISCA) has risen 46.19% since November 10, 2017 and is uptrending. It has outperformed by 30.57% the S&P500.

More recent Discovery, Inc. (NASDAQ:DISCA) news were published by: which released: “TransitScreen is going mobile — but not for everyone” on November 09, 2018. Also published the news titled: “Benzinga’s Top Upgrades, Downgrades For November 9, 2018” on November 09, 2018.‘s news article titled: “Discovery Communications Starts Reaping Benefits From Its Larger Scale” with publication date: November 08, 2018 was also an interesting one.

Discovery, Inc. (NASDAQ:DISCA) Ratings Coverage

Among 8 analysts covering Discovery (NASDAQ:DISCA), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Discovery had 13 analyst reports since June 4, 2018 according to SRatingsIntel. Imperial Capital maintained the stock with “Outperform” rating in Monday, September 24 report. Pivotal Research downgraded the shares of DISCA in report on Monday, June 18 to “Hold” rating. As per Tuesday, August 21, the company rating was upgraded by Jefferies. Macquarie Research maintained the shares of DISCA in report on Friday, September 14 with “Outperform” rating. The rating was maintained by Citigroup with “Buy” on Wednesday, August 15. The firm has “Sell” rating by Pivotal Research given on Tuesday, September 18. Imperial Capital downgraded it to “In-Line” rating and $37 target in Friday, November 9 report. The company was upgraded on Wednesday, October 10 by Credit Suisse. The firm earned “Buy” rating on Thursday, September 13 by Bank of America. Pivotal Research upgraded the shares of DISCA in report on Monday, June 4 to “Buy” rating.

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

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