Discovery Communicatns New (DISCK) Shareholder Boothbay Fund Management LLC Increased Stake by $4.02 Million as Shares Declined

June 29, 2018 - By Darrin Badillo

Discovery, Inc. (NASDAQ:DISCK) Corporate Logo

Based on the latest 2018Q1 regulatory filing with the SEC, Boothbay Fund Management Llc rose its stake in Discovery Communicatns New (DISCK) by 2126.94%. 211,333 shares were bought by Boothbay Fund Management Llc as the company’s stock declined 12.09% with the market. At the end of 2018Q1, the institutional investor held 221,269 shares of the consumer services company, priced at $4.32M, up from 9,936 at the end of the previous reported quarter. $19.61 billion is the market cap of Discovery Communicatns New. The stock decreased 1.18% or $0.31 during the last trading session, reaching $25.99.Currently Discovery, Inc. is downtrending after 16.20% change in last June 29, 2017. DISCK has also 1.18M shares volume. DISCK underperformed the S&P 500 by 28.77%.

Boothbay Fund Management Llc operates about $486.48 million and $844.48M US Long portfolio. Its stake in Spdr S&P 500 Etf Tr (SPY) was reduced by 19,903 shares to 42,413 shares valued at $11.16M in 2018Q1, according to the filing. For a total of 600,000 shares it reduced its holding in Constellation Alpha Cap Corp by 550,400 shares in the quarter, and has cut its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

There’s a substantial Discovery, Inc. (NASDAQ:DISCK) news published by Nasdaq.com. It’s a report titled: “Recent Analysis Shows Darling Ingredients, STORE Capital, Frontier Communications, Discovery, AMETEK, and …” on June 27, 2018.

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