Tb Alternative Assets LTD Cut Its Discovery (DISCA) Position by $491,400 as Stock Price Declined; Toronto Dominion Bank Position in Turquoise Hill Resources LTD (TRQ) Has Decreased as Valuation Declined

June 29, 2018 - By Dolores Ford

Turquoise Hill Resources Ltd. (NYSE:TRQ) Logo

Tb Alternative Assets Ltd decreased its stake in Discovery Inc (DISCA) by 17.03% based on its latest 2018Q1 regulatory filing with the SEC. Tb Alternative Assets Ltd sold 23,400 shares as the company’s stock declined 11.24% with the market. The institutional investor held 114,000 shares of the consumer services company at the end of 2018Q1, valued at $2.44M, down from 137,400 at the end of the previous reported quarter. Tb Alternative Assets Ltd who had been investing in Discovery Inc for a number of months, seems to be less bullish one the $19.86B market cap company. The stock decreased 1.00% or $0.2848 during the last trading session, reaching $28.1952. About 1.10 million shares traded. Discovery, Inc. (NASDAQ:DISCA) has declined 12.73% since June 29, 2017 and is downtrending. It has underperformed by 25.30% the S&P500. Some Historical DISCA News: 29/05/2018 – Discovery Presenting at Bank of America Conference Jun 5; 20/04/2018 – DJ Discovery Communications Inc Clas, Inst Holders, 1Q 2018 (DISCB); 08/05/2018 – Discovery 1Q International Networks Revenue $1.1 Billion; 08/05/2018 – Discovery 1Q Rev $2.31B; 19/04/2018 – DJ Discovery Communications Inc Clas, Inst Holders, 1Q 2018 (DISCA); 17/04/2018 – Discovery President And CEO David Zaslav To Give Keynote Presentation At The J.P. Morgan 2018 Global Technology, Media And Comm; 17/04/2018 – Discovery President And CEO David Zaslav To Give Keynote Presentation At The J.P. Morgan 2018 Global Technology, Media And Communications Conference; 29/05/2018 – ITV, BBC Explore Deal to Buy UKTV Stake From Discovery -The Telegraph; 08/05/2018 – DISCOVERY ENDS EARNINGS CALL; 08/05/2018 – DISCOVERY SEES 2Q U.S. AD GROWTH TO BE UP `LOW SINGLE DIGITS’

Toronto Dominion Bank decreased its stake in Turquoise Hill Resources Ltd (TRQ) by 24.27% based on its latest 2018Q1 regulatory filing with the SEC. Toronto Dominion Bank sold 209,276 shares as the company’s stock declined 2.44% with the market. The institutional investor held 652,904 shares of the precious metals company at the end of 2018Q1, valued at $1.99M, down from 862,180 at the end of the previous reported quarter. Toronto Dominion Bank who had been investing in Turquoise Hill Resources Ltd for a number of months, seems to be less bullish one the $5.84B market cap company. The stock increased 5.22% or $0.14 during the last trading session, reaching $2.82. About 783,870 shares traded. Turquoise Hill Resources Ltd. (NYSE:TRQ) has risen 1.45% since June 29, 2017 and is uptrending. It has underperformed by 11.12% the S&P500. Some Historical TRQ News: 03/05/2018 – TURQUOISE HILL RESOURCES – BOARD HAS UNDERTAKEN A REVIEW OF MATTERS RAISED BY SAILINGSTONE CAPITAL PARTNERS LLC IN ITS FEBRUARY 1, 2018 LETTER; 14/03/2018 – TURQUOISE HILL: BOARD ALWAYS OPEN TO ADDED RECOMMENDATIONS; 29/05/2018 – Turquoise Hill Resources Chief Executive Officer Jeff Tygesen to Retire Effective July 1; 08/05/2018 – Turquoise Hill Resources 1Q Rev $245.6M; 29/05/2018 – TURQUOISE HILL RESOURCES LTD TRQ.TO SAYS CEO JEFF TYGESEN TO RETIRE; 15/03/2018 – Turquoise Hill Resources 2017 EPS 9c; 15/03/2018 – TURQUOISE HILL RESOURCES LTD – CAPITAL EXPENDITURES FOR 2018 ON A CASH-BASIS ARE EXPECTED TO BE APPROXIMATELY $150 MLN FOR OPEN-PIT OPERATIONS; 15/03/2018 – Turquoise Hill announces financial results and review of operations for 2017; 08/05/2018 – Turquoise Hill Resources 1Q EPS 4c; 28/03/2018 – Analysis: Positioning to Benefit within Fortress Transportation and Infrastructure Investors, Turquoise Hill Resources, FactSet

Another recent and important Turquoise Hill Resources Ltd. (NYSE:TRQ) news was published by Globenewswire.com which published an article titled: “Detailed Research: Economic Perspectives on Quorum Health, IMAX, Turquoise Hill Resources, Crawford, Stepan, and …” on June 13, 2018.

Toronto Dominion Bank, which manages about $44.90B US Long portfolio, upped its stake in Nordstrom Inc (NYSE:JWN) by 12,854 shares to 63,564 shares, valued at $3.08M in 2018Q1, according to the filing. It also increased its holding in Loews Corp (NYSE:L) by 26,990 shares in the quarter, for a total of 146,478 shares, and has risen its stake in Chevron Corporation (NYSE:CVX).

Among 6 analysts covering Turquoise Hill Resources (NYSE:TRQ), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Turquoise Hill Resources had 13 analyst reports since September 29, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, November 9 by Macquarie Research. RBC Capital Markets maintained the shares of TRQ in report on Monday, July 31 with “Hold” rating. The firm has “Buy” rating by TD Securities given on Friday, December 11. The firm has “Hold” rating given on Wednesday, August 17 by Canaccord Genuity. RBC Capital Markets initiated Turquoise Hill Resources Ltd. (NYSE:TRQ) on Monday, July 18 with “Sector Perform” rating. The company was maintained on Wednesday, April 19 by Credit Suisse. RBC Capital Markets maintained Turquoise Hill Resources Ltd. (NYSE:TRQ) on Friday, May 26 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Hold” on Monday, November 13. On Tuesday, October 10 the stock rating was maintained by RBC Capital Markets with “Hold”. On Wednesday, June 28 the stock rating was maintained by RBC Capital Markets with “Hold”.

Tb Alternative Assets Ltd, which manages about $242.35M US Long portfolio, upped its stake in Netease Inc (NASDAQ:NTES) by 23,200 shares to 32,300 shares, valued at $9.06M in 2018Q1, according to the filing. It also increased its holding in Valeant Pharmaceuticals Inte Vrx Us (NYSE:VRX) by 216,100 shares in the quarter, for a total of 267,800 shares, and has risen its stake in Adr Sogo Us.

Since February 28, 2018, it had 3 insider purchases, and 3 selling transactions for $33.35 million activity. Leavy David had sold 20,673 shares worth $484,002. WARGO J DAVID had bought 50,000 shares worth $1.07 million. Another trade for 10,000 shares valued at $212,856 was made by Wiedenfels Gunnar on Wednesday, May 9. Alpert-Romm Adria had sold 16,238 shares worth $367,214. $32.98 million worth of stock was bought by MALONE JOHN C on Tuesday, June 12.

Investors sentiment increased to 2.69 in 2018 Q1. Its up 1.82, from 0.87 in 2017Q4. It improved, as 42 investors sold DISCA shares while 92 reduced holdings. 123 funds opened positions while 238 raised stakes. 313.69 million shares or 37.15% more from 228.72 million shares in 2017Q4 were reported. Malaga Cove Cap Ltd Liability Company owns 30,341 shares for 0.35% of their portfolio. Advisory Serv Networks Ltd reported 16,536 shares. Envestnet Asset Mngmt Incorporated owns 2,330 shares. Mitsubishi Ufj Banking Corp holds 0.02% in Discovery, Inc. (NASDAQ:DISCA) or 640,526 shares. Ledyard Comml Bank invested in 222,409 shares or 0.53% of the stock. Dubuque Bancorporation And Trust Com reported 0% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). Franklin invested 0% in Discovery, Inc. (NASDAQ:DISCA). Ameriprise Finance holds 0% in Discovery, Inc. (NASDAQ:DISCA) or 280,432 shares. Chieftain Cap Mngmt invested in 12.31% or 8.66 million shares. Rbf Cap Ltd Liability holds 10,000 shares or 0.03% of its portfolio. Sun Life invested in 23 shares. M&R has invested 0.01% in Discovery, Inc. (NASDAQ:DISCA). Markston Ltd Llc holds 753 shares or 0% of its portfolio. Washington Trust Bankshares invested 0.02% in Discovery, Inc. (NASDAQ:DISCA). Lord Abbett And Co Ltd Liability Corporation holds 0.01% of its portfolio in Discovery, Inc. (NASDAQ:DISCA) for 151,200 shares.

Analysts await Discovery, Inc. (NASDAQ:DISCA) to report earnings on July, 30. They expect $0.83 EPS, up 22.06% or $0.15 from last year’s $0.68 per share. DISCA’s profit will be $584.54 million for 8.49 P/E if the $0.83 EPS becomes a reality. After $0.53 actual EPS reported by Discovery, Inc. for the previous quarter, Wall Street now forecasts 56.60% EPS growth.

Discovery, Inc. (NASDAQ:DISCA) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.