Shapiro Capital Management Has Raised Its Discovery Communications (DISCA) Stake; CVR Energy (CVI) Has 1.51 Sentiment

January 11, 2018 - By Vivian Currie

CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company has market cap of $3.37 billion. The firm operates in two divisions, Petroleum and Nitrogen Fertilizer. It has a 83.01 P/E ratio. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

Shapiro Capital Management Llc increased Discovery Communications Inc. (DISCA) stake by 9.95% reported in 2017Q3 SEC filing. Shapiro Capital Management Llc acquired 327,377 shares as Discovery Communications Inc. (DISCA)’s stock declined 9.80%. The Shapiro Capital Management Llc holds 3.62 million shares with $77.04 billion value, up from 3.29M last quarter. Discovery Communications Inc. now has $13.33B valuation. The stock increased 4.15% or $0.948 during the last trading session, reaching $23.778. About 5.43 million shares traded. Discovery Communications, Inc. (NASDAQ:DISCA) has declined 0.88% since January 11, 2017 and is downtrending. It has underperformed by 17.58% the S&P500.

Icahn Carl C holds 8.68% of its portfolio in CVR Energy, Inc. for 71.20 million shares. Evanston Investments Inc. Dba Evanston Advisors owns 127,948 shares or 0.8% of their US portfolio. Moreover, Campbell & Co Investment Adviser Llc has 0.76% invested in the company for 36,400 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.57% in the stock. Spark Investment Management Llc, a New York-based fund reported 362,400 shares.

The stock increased 0.36% or $0.14 during the last trading session, reaching $38.85. About 367,712 shares traded. CVR Energy, Inc. (CVI) has risen 4.20% since January 11, 2017 and is uptrending. It has underperformed by 12.50% the S&P500.

Among 31 analysts covering Discovery Communications (NASDAQ:DISCA), 7 have Buy rating, 4 Sell and 20 Hold. Therefore 23% are positive. Discovery Communications had 89 analyst reports since August 3, 2015 according to SRatingsIntel. M Partners maintained the shares of DISCA in report on Friday, May 6 with “Neutral” rating. RBC Capital Markets maintained the shares of DISCA in report on Monday, September 18 with “Buy” rating. The firm earned “Buy” rating on Monday, December 28 by Topeka Capital Markets. The stock of Discovery Communications, Inc. (NASDAQ:DISCA) has “Buy” rating given on Tuesday, August 8 by Pivotal Research. The firm has “Hold” rating given on Tuesday, July 25 by Needham. UBS upgraded it to “Hold” rating and $23.0 target in Tuesday, September 26 report. The company was maintained on Wednesday, October 11 by Needham. The firm has “Outperform” rating given on Wednesday, November 16 by RBC Capital Markets. Topeka Capital Markets downgraded the shares of DISCA in report on Monday, April 25 to “Hold” rating. On Tuesday, June 7 the stock rating was downgraded by Bernstein to “Underperform”.

Shapiro Capital Management Llc decreased Live Nation Entertainment Inc. (NYSE:LYV) stake by 1.08M shares to 4.10M valued at $178.37B in 2017Q3. It also reduced Corning Inc. (NYSE:GLW) stake by 95,447 shares and now owns 3.06 million shares. Pfizer Inc. (NYSE:PFE) was reduced too.

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