Discovery Communicatns Com Ser (DISCA) Stock Declined While Reinhart Partners Boosted Holding by $8.19 Million; Folketrygdfondet Position in Nokia (NOK) Raised as Valuation Rose

May 19, 2018 - By Linda Rogers

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Reinhart Partners Inc increased its stake in Discovery Communicatns Com Ser (DISCA) by 41.45% based on its latest 2017Q4 regulatory filing with the SEC. Reinhart Partners Inc bought 372,184 shares as the company’s stock declined 8.64% with the market. The institutional investor held 1.27 million shares of the consumer services company at the end of 2017Q4, valued at $28.43M, up from 897,987 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Discovery Communicatns Com Ser for a number of months, seems to be bullish on the $16.31 billion market cap company. The stock decreased 1.95% or $0.45 during the last trading session, reaching $22.57. About 5.62M shares traded. Discovery, Inc. (NASDAQ:DISCA) has declined 21.53% since May 19, 2017 and is downtrending. It has underperformed by 33.08% the S&P500.

Folketrygdfondet increased its stake in Nokia Corp (NOK) by 141.76% based on its latest 2017Q4 regulatory filing with the SEC. Folketrygdfondet bought 18.61M shares as the company’s stock rose 13.81% while stock markets declined. The institutional investor held 31.74M shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $147.91 million, up from 13.13M at the end of the previous reported quarter. Folketrygdfondet who had been investing in Nokia Corp for a number of months, seems to be bullish on the $34.75B market cap company. The stock increased 0.16% or $0.01 during the last trading session, reaching $6.2. About 9.29M shares traded. Nokia Corporation (NYSE:NOK) has declined 0.37% since May 19, 2017 and is downtrending. It has underperformed by 11.92% the S&P500.

Among 25 analysts covering Nokia (NYSE:NOK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. Nokia had 53 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Hold” rating by Citigroup on Thursday, June 8. The stock of Nokia Corporation (NYSE:NOK) earned “Market Perform” rating by BMO Capital Markets on Thursday, May 25. The company was maintained on Friday, February 2 by Cowen & Co. The rating was downgraded by Danske Bank to “Sell” on Wednesday, January 25. The rating was upgraded by Natixis on Friday, January 13 to “Buy”. Cowen & Co maintained Nokia Corporation (NYSE:NOK) on Friday, July 28 with “Hold” rating. BMO Capital Markets maintained the shares of NOK in report on Wednesday, July 26 with “Hold” rating. The firm has “Neutral” rating given on Friday, October 28 by BNP Paribas. The rating was maintained by Canaccord Genuity with “Hold” on Friday, October 27. The firm has “Hold” rating given on Tuesday, October 31 by Charter Equity.

More notable recent Nokia Corporation (NYSE:NOK) news were published by: Globenewswire.com which released: “Nokia Corporation – Managers’ transactions” on May 18, 2018, also Seekingalpha.com with their article: “Nokia: Trust The Results Or The Optimism?” published on April 26, 2018, Seekingalpha.com published: “Nokia: Capturing Market Share” on April 24, 2018. More interesting news about Nokia Corporation (NYSE:NOK) were released by: Fool.com and their article: “How Nokia OYJ Stock Rose 10% Last Month” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “In reversal, Nokia selling Digital Health business” with publication date: May 02, 2018.

Since December 13, 2017, it had 5 buys, and 4 sales for $10.76 million activity. The insider WARGO J DAVID bought 50,000 shares worth $1.07 million. Alpert-Romm Adria sold $367,214 worth of stock or 16,238 shares. The insider Wiedenfels Gunnar bought $212,856. 332,523 shares were bought by MALONE JOHN C, worth $6.56M on Wednesday, December 13. $61,902 worth of Discovery, Inc. (NASDAQ:DISCA) was sold by Sims Savalle. Campbell Bruce sold $55,349 worth of stock.

Among 35 analysts covering Discovery Communications (NASDAQ:DISCA), 12 have Buy rating, 2 Sell and 21 Hold. Therefore 34% are positive. Discovery Communications had 99 analyst reports since August 3, 2015 according to SRatingsIntel. Barrington Research downgraded Discovery, Inc. (NASDAQ:DISCA) on Thursday, September 29 to “Market Perform” rating. The stock has “Buy” rating by Barclays Capital on Sunday, August 16. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Buy” rating by Pivotal Research on Thursday, August 6. The rating was maintained by Needham with “Hold” on Tuesday, July 25. The firm has “Buy” rating given on Tuesday, April 24 by Deutsche Bank. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Hold” rating by Jefferies on Monday, July 17. M Partners maintained Discovery, Inc. (NASDAQ:DISCA) rating on Friday, May 6. M Partners has “Neutral” rating and $28 target. The firm earned “Buy” rating on Tuesday, February 16 by Topeka Capital Markets. As per Tuesday, January 9, the company rating was downgraded by Pivotal Research. The firm has “Outperform” rating by Macquarie Research given on Tuesday, January 2.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.05, from 0.92 in 2017Q3. It dived, as 74 investors sold DISCA shares while 172 reduced holdings. 93 funds opened positions while 121 raised stakes. 228.72 million shares or 11.88% more from 204.44 million shares in 2017Q3 were reported. Old Mutual Customised Solutions (Proprietary) Ltd has 0.03% invested in Discovery, Inc. (NASDAQ:DISCA). Great Lakes Advisors Lc stated it has 0.01% in Discovery, Inc. (NASDAQ:DISCA). Brandywine Glob Invest Mgmt Limited Liability Company accumulated 182 shares. Confluence Invest Mgmt Ltd holds 2.20M shares. Cibc Asset Management Incorporated invested in 0% or 21,776 shares. Lazard Asset Mngmt Ltd Liability stated it has 0.01% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). 2,878 were accumulated by Qs Investors Lc. Suntrust Banks Inc accumulated 12,696 shares or 0% of the stock. Nomura Holding holds 13,090 shares. The Wisconsin-based State Of Wisconsin Board has invested 0.79% in Discovery, Inc. (NASDAQ:DISCA). Gsa Prns Llp invested 0.01% in Discovery, Inc. (NASDAQ:DISCA). Raymond James And Associates holds 122,814 shares or 0% of its portfolio. California-based Aperio Gp Llc has invested 0.01% in Discovery, Inc. (NASDAQ:DISCA). Natixis Asset has 0.09% invested in Discovery, Inc. (NASDAQ:DISCA). Shapiro Capital Ltd Com holds 283,850 shares or 0.13% of its portfolio.

Reinhart Partners Inc, which manages about $4.85 billion and $1.01 billion US Long portfolio, decreased its stake in Jones Lang Lasalle Inc Com (NYSE:JLL) by 45,966 shares to 126,962 shares, valued at $18.91 million in 2017Q4, according to the filing. It also reduced its holding in Kar Auction Svcs Inc Com (NYSE:KAR) by 19,077 shares in the quarter, leaving it with 515,388 shares, and cut its stake in Aramark (NYSE:ARMK).

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