Springowl Associates Has Cut Its Rent A Ctr New (RCII) Position by $330,000; Valuation Declined; Discovery Communications (DISCA) Holding Increased by Cubic Asset Management Llc

May 16, 2018 - By Marie Mckinney

Discovery, Inc. (NASDAQ:DISCA) Logo

Cubic Asset Management Llc increased its stake in Discovery Communications (DISCA) by 56.34% based on its latest 2017Q4 regulatory filing with the SEC. Cubic Asset Management Llc bought 75,800 shares as the company’s stock declined 8.64% with the market. The institutional investor held 210,350 shares of the consumer services company at the end of 2017Q4, valued at $4.71M, up from 134,550 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Discovery Communications for a number of months, seems to be bullish on the $16.54B market cap company. The stock decreased 0.33% or $0.075 during the last trading session, reaching $22.885. About 1.86M shares traded. Discovery, Inc. (NASDAQ:DISCA) has declined 21.53% since May 16, 2017 and is downtrending. It has underperformed by 33.08% the S&P500.

Andrew Wallach decreased its stake in Rent A Ctr Inc New (RCII) by 26.09% based on its latest 2017Q4 regulatory filing with the SEC. Springowl Associates Llc sold 30,000 shares as the company’s stock declined 19.35% with the market. The hedge fund run by Andrew Wallach held 85,000 shares of the diversified commercial services company at the end of 2017Q4, valued at $944,000, down from 115,000 at the end of the previous reported quarter. Springowl Associates Llc who had been investing in Rent A Ctr Inc New for a number of months, seems to be less bullish one the $546.96M market cap company. The stock increased 1.29% or $0.13 during the last trading session, reaching $10.24. About 427,187 shares traded. Rent-A-Center, Inc. (NASDAQ:RCII) has declined 3.97% since May 16, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Cubic Asset Management Llc, which manages about $573.99M and $358.91M US Long portfolio, decreased its stake in Brinker Intl Inc (NYSE:EAT) by 49,497 shares to 69,553 shares, valued at $2.70M in 2017Q4, according to the filing. It also reduced its holding in Aetna Inc (NYSE:AET) by 7,195 shares in the quarter, leaving it with 7,034 shares, and cut its stake in Lear Corporation (NYSE:LEA).

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. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, October 16. As per Wednesday, May 18, the company rating was downgraded by Citigroup. Barclays Capital maintained the shares of DISCA in report on Friday, October 13 with “Underweight” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, September 18. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 14. Barclays Capital maintained Discovery, Inc. (NASDAQ:DISCA) on Sunday, August 16 with “Buy” rating. JP Morgan upgraded Discovery, Inc. (NASDAQ:DISCA) on Thursday, May 3 to “Overweight” rating. Wells Fargo upgraded Discovery, Inc. (NASDAQ:DISCA) rating on Monday, April 2. Wells Fargo has “Buy” rating and $2700 target. The rating was upgraded by Pivotal Research to “Buy” on Thursday, August 6. RBC Capital Markets maintained it with “Sector Perform” rating and $30 target in Wednesday, September 30 report.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.05, from 0.92 in 2017Q3. It fall, 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. Alexandria Capital Ltd invested in 26,161 shares. Oxbow Advsrs Ltd Llc reported 64,015 shares stake. Canada Pension Plan Board reported 1,910 shares or 0% of all its holdings. State Treasurer State Of Michigan invested in 0.01% or 59,581 shares. Axa holds 0% in Discovery, Inc. (NASDAQ:DISCA) or 12,950 shares. Moreover, Magnetar has 0.16% invested in Discovery, Inc. (NASDAQ:DISCA). Whittier Trust Com Of Nevada invested in 0% or 1,491 shares. 252,128 were reported by Wexford Cap L P. 117,868 are owned by Horizon Kinetics Ltd Limited Liability Company. Illinois-based Cedar Hill Assocs Limited Liability Corp has invested 1.17% in Discovery, Inc. (NASDAQ:DISCA). Employees Retirement System Of Texas has 0% invested in Discovery, Inc. (NASDAQ:DISCA) for 9,000 shares. Gp One Trading Lp has invested 0.02% in Discovery, Inc. (NASDAQ:DISCA). Cim Investment Mangement Incorporated reported 28,117 shares. Peak6 Investments LP has invested 0% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). Cqs Cayman Ltd Partnership has invested 2.61% of its portfolio in Discovery, Inc. (NASDAQ:DISCA).

More notable recent Discovery, Inc. (NASDAQ:DISCA) news were published by: Seekingalpha.com which released: “Discovery Communications: Weighing The Scripps Acquisition” on April 25, 2018, also 247Wallst.com with their article: “Earnings You Might Have Missed: Hertz, Zillow, Discovery, Dish Network” published on May 08, 2018, Seekingalpha.com published: “How About Them Synergies?” on May 16, 2018. More interesting news about Discovery, Inc. (NASDAQ:DISCA) were released by: Streetinsider.com and their article: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” with publication date: May 15, 2018.

Since December 13, 2017, it had 5 insider purchases, and 4 sales for $10.76 million activity. Leavy David sold $484,002 worth of Discovery, Inc. (NASDAQ:DISCA) on Wednesday, February 28. Wiedenfels Gunnar bought $212,856 worth of stock or 10,000 shares. Alpert-Romm Adria sold 16,238 shares worth $367,214. Campbell Bruce sold $55,349 worth of stock. $1.86 million worth of Discovery, Inc. (NASDAQ:DISCA) was bought by WARGO J DAVID on Thursday, December 14. 2,571 shares valued at $61,902 were sold by Sims Savalle on Wednesday, March 14.

Springowl Associates Llc, which manages about $281.30 million and $153.08M US Long portfolio, upped its stake in Stars Group Inc by 104,807 shares to 4.81 million shares, valued at $112.02 million in 2017Q4, according to the filing.

Analysts await Rent-A-Center, Inc. (NASDAQ:RCII) to report earnings on July, 25. They expect $0.04 EPS, up 500.00% or $0.05 from last year’s $-0.01 per share. RCII’s profit will be $2.14M for 64.00 P/E if the $0.04 EPS becomes a reality. After $-0.08 actual EPS reported by Rent-A-Center, Inc. for the previous quarter, Wall Street now forecasts -150.00% EPS growth.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.24, from 1.08 in 2017Q3. It worsened, as 29 investors sold RCII shares while 62 reduced holdings. 28 funds opened positions while 48 raised stakes. 64.20 million shares or 9.24% more from 58.77 million shares in 2017Q3 were reported. Prudential Incorporated invested 0% in Rent-A-Center, Inc. (NASDAQ:RCII). 42,180 were accumulated by Creative Planning. Legal And General Group Incorporated Public Limited Co invested in 193,530 shares. 184,727 are held by Citigroup. Metropolitan Life Insurance holds 0% or 13,460 shares. Assetmark Inc holds 18 shares. California Public Employees Retirement System reported 487,084 shares or 0.01% of all its holdings. Aperio Group Inc Ltd Liability Company accumulated 0% or 29,764 shares. Royal Bancshares Of Canada accumulated 10,421 shares. Wealthtrust invested in 0% or 206 shares. Moreover, International Gp Inc has 0% invested in Rent-A-Center, Inc. (NASDAQ:RCII). Tiaa Cref Mgmt Limited Liability Co, New York-based fund reported 104,747 shares. Strs Ohio reported 0% in Rent-A-Center, Inc. (NASDAQ:RCII). Pnc Finance Services Inc holds 994 shares. Moreover, Goldman Sachs Grp Inc has 0% invested in Rent-A-Center, Inc. (NASDAQ:RCII) for 754,406 shares.

Among 13 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Rent-A-Center Inc had 35 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, October 20. The company was maintained on Tuesday, January 2 by Stephens. As per Monday, April 9, the company rating was upgraded by Loop Capital. The rating was maintained by Stifel Nicolaus on Tuesday, October 31 with “Hold”. The company was downgraded on Tuesday, November 15 by Sidoti. The rating was downgraded by Loop Capital to “Sell” on Wednesday, June 7. The rating was maintained by Loop Capital Markets with “Sell” on Tuesday, July 18. The firm earned “Hold” rating on Wednesday, April 11 by Jefferies. The firm earned “Sector Weight” rating on Thursday, October 29 by KeyBanc Capital Markets. Loop Capital initiated the shares of RCII in report on Tuesday, December 13 with “Hold” rating.

Rent-A-Center, Inc. (NASDAQ:RCII) Institutional Positions Chart

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