Yakira Capital Management Has Decreased Its Holding in Discovery Communicatns New (DISCA) by $876,918 as Stock Declined; Davita (DVA) Shareholder Nordea Investment Management Ab Upped Its Position by $93.01 Million

February 23, 2018 - By Adrian Erickson

Yakira Capital Management Inc decreased its stake in Discovery Communicatns New (DISCA) by 46.35% based on its latest 2017Q3 regulatory filing with the SEC. Yakira Capital Management Inc sold 41,758 shares as the company’s stock declined 9.80% while stock markets rallied. The hedge fund held 48,333 shares of the consumer services company at the end of 2017Q3, valued at $1.03M, down from 90,091 at the end of the previous reported quarter. Yakira Capital Management Inc who had been investing in Discovery Communicatns New for a number of months, seems to be less bullish one the $14.36 billion market cap company. The stock decreased 1.20% or $0.29 during the last trading session, reaching $23.8. About 3.74M shares traded. Discovery Communications, Inc. (NASDAQ:DISCA) has declined 0.88% since February 23, 2017 and is downtrending. It has underperformed by 17.58% the S&P500.

Nordea Investment Management Ab increased its stake in Davita (DVA) by 19437.72% based on its latest 2017Q3 regulatory filing with the SEC. Nordea Investment Management Ab bought 1.58M shares as the company’s stock declined 3.48% while stock markets rallied. The institutional investor held 1.58M shares of the hospital and nursing management company at the end of 2017Q3, valued at $94.10M, up from 8,110 at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in Davita for a number of months, seems to be bullish on the $13.15B market cap company. The stock decreased 0.66% or $0.48 during the last trading session, reaching $72.07. About 1.31M shares traded. DaVita Inc. (NYSE:DVA) has declined 16.51% since February 23, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.




Among 12 analysts covering DaVita (NYSE:DVA), 4 have Buy rating, 3 Sell and 5 Hold. Therefore 33% are positive. DaVita had 39 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Monday, October 9. The stock of DaVita Inc. (NYSE:DVA) earned “Neutral” rating by JP Morgan on Wednesday, September 16. The firm has “Hold” rating given on Thursday, May 25 by RBC Capital Markets. The stock of DaVita Inc. (NYSE:DVA) earned “Buy” rating by Citigroup on Monday, December 11. The stock of DaVita Inc. (NYSE:DVA) has “Sector Perform” rating given on Thursday, August 6 by RBC Capital Markets. The stock of DaVita Inc. (NYSE:DVA) earned “Hold” rating by RBC Capital Markets on Tuesday, February 13. The stock of DaVita Inc. (NYSE:DVA) has “Buy” rating given on Tuesday, December 12 by Robert W. Baird. The rating was maintained by Robert W. Baird on Thursday, January 11 with “Buy”. The rating was initiated by Citigroup on Tuesday, September 6 with “Neutral”. The firm earned “Buy” rating on Tuesday, February 13 by Robert W. Baird.

Since December 7, 2017, it had 0 insider buys, and 6 selling transactions for $8.31 million activity. THIRY KENT J sold $5.57M worth of stock or 81,800 shares. ZUMWALT LEANNE M had sold 949 shares worth $64,711 on Friday, December 8. 7,048 shares were sold by BERG CHARLES, worth $488,016. Rodriguez Javier had sold 22,532 shares worth $1.52M on Thursday, December 7.

Nordea Investment Management Ab, which manages about $41.61 billion US Long portfolio, decreased its stake in Amerco (NASDAQ:UHAL) by 32,532 shares to 331 shares, valued at $124,000 in 2017Q3, according to the filing. It also reduced its holding in Wyndham Worldwide (NYSE:WYN) by 41,614 shares in the quarter, leaving it with 941,277 shares, and cut its stake in Ferroglobe.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.19, from 1.08 in 2017Q2. It turned negative, as 50 investors sold DVA shares while 138 reduced holdings. 36 funds opened positions while 131 raised stakes. 159.24 million shares or 1.31% more from 157.19 million shares in 2017Q2 were reported. Fjarde Ap accumulated 40,019 shares or 0.05% of the stock. Tci Wealth Advsr Incorporated, Arizona-based fund reported 172 shares. Commercial Bank has 11,134 shares for 0.01% of their portfolio. Dekabank Deutsche Girozentrale has invested 0.12% in DaVita Inc. (NYSE:DVA). Ny State Teachers Retirement Systems reported 0.04% stake. First Allied Advisory Ser accumulated 6,102 shares. Utd Cap Advisers Lc invested 0% in DaVita Inc. (NYSE:DVA). Engineers Gate Manager LP holds 0.15% of its portfolio in DaVita Inc. (NYSE:DVA) for 29,620 shares. Hikari Tsushin Inc stated it has 67,360 shares. Nomura Hldg holds 0% or 7,776 shares in its portfolio. Highstreet Asset accumulated 4,511 shares. Ubs Asset Mgmt Americas holds 0.03% or 479,778 shares in its portfolio. D E Shaw And Comm Incorporated owns 1.44M shares. Manitoba – Canada-based Great West Life Assurance Can has invested 0.02% in DaVita Inc. (NYSE:DVA). Commonwealth Fincl Bank Of Aus holds 0.02% or 32,258 shares in its portfolio.

Since December 13, 2017, it had 3 insider purchases, and 1 insider sale for $10.39 million activity. 3,047 shares valued at $55,349 were sold by Campbell Bruce on Wednesday, December 13. WARGO J DAVID had bought 100,000 shares worth $1.86 million.

Yakira Capital Management Inc, which manages about $188.00 million and $300.65 million US Long portfolio, upped its stake in Time Warner Inc (NYSE:TWX) by 30,000 shares to 306,146 shares, valued at $31.37M in 2017Q3, according to the filing. It also increased its holding in Liberty Global Plc (NASDAQ:LBTYA) by 20,822 shares in the quarter, for a total of 45,147 shares, and has risen its stake in Digitalglobe Inc (NYSE:DGI).

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.10, from 0.82 in 2017Q2. It is positive, as 65 investors sold DISCA shares while 163 reduced holdings. 57 funds opened positions while 152 raised stakes. 204.44 million shares or 4.84% more from 195.01 million shares in 2017Q2 were reported. Beach Invest Counsel Pa reported 0.07% in Discovery Communications, Inc. (NASDAQ:DISCA). Janney Montgomery Scott Limited Liability Company has 0.01% invested in Discovery Communications, Inc. (NASDAQ:DISCA). Bb&T Secs Lc has invested 0.06% in Discovery Communications, Inc. (NASDAQ:DISCA). 266,135 are owned by Lawson Kroeker Investment Mgmt Ne. Ontario – Canada-based Cibc Asset has invested 0% in Discovery Communications, Inc. (NASDAQ:DISCA). Toronto Dominion Commercial Bank holds 0.01% or 77,502 shares. Koch Incorporated holds 17,211 shares. Westpac Bk owns 14,420 shares. The New York-based Olstein Mngmt LP has invested 1.36% in Discovery Communications, Inc. (NASDAQ:DISCA). Axa reported 0.04% of its portfolio in Discovery Communications, Inc. (NASDAQ:DISCA). Hall Laurie J Trustee accumulated 0.01% or 850 shares. Gam Ag holds 0.04% in Discovery Communications, Inc. (NASDAQ:DISCA) or 44,910 shares. Duncker Streett reported 344 shares. Blackrock Incorporated has 13.42 million shares. Moreover, Amalgamated Bancorporation has 0.01% invested in Discovery Communications, Inc. (NASDAQ:DISCA).

Analysts await Discovery Communications, Inc. (NASDAQ:DISCA) to report earnings on February, 27 before the open. They expect $0.40 EPS, down 28.57% or $0.16 from last year’s $0.56 per share. DISCA’s profit will be $241.33 million for 14.88 P/E if the $0.40 EPS becomes a reality. After $0.43 actual EPS reported by Discovery Communications, Inc. for the previous quarter, Wall Street now forecasts -6.98% negative EPS growth.

Among 31 analysts covering Discovery Communications (NASDAQ:DISCA), 7 have Buy rating, 3 Sell and 21 Hold. Therefore 23% are positive. Discovery Communications had 91 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, February 22 by Loop Capital. The stock of Discovery Communications, Inc. (NASDAQ:DISCA) has “Neutral” rating given on Friday, August 14 by Citigroup. On Wednesday, September 6 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Hold” rating by Loop Capital given on Friday, November 3. RBC Capital Markets maintained it with “Buy” rating and $29.0 target in Thursday, October 19 report. The company was downgraded on Thursday, January 5 by Barclays Capital. As per Monday, July 17, the company rating was maintained by Jefferies. The rating was downgraded by Moffett Nathanson on Tuesday, September 27 to “Sell”. The stock of Discovery Communications, Inc. (NASDAQ:DISCA) has “Buy” rating given on Monday, August 14 by RBC Capital Markets. The rating was upgraded by Barrington on Tuesday, January 2 to “Buy”.

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