HBK Investments L P Buys New Stake in Discovery Inc (NASDAQ:DISCA)

HBK Investments L P acquired a new stake in shares of Discovery Inc (NASDAQ:DISCA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 238,660 shares of the company’s stock, valued at approximately $5,341,000. HBK Investments L P owned about 0.06% of Discovery as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DISCA. Crossmark Global Holdings Inc. bought a new stake in shares of Discovery in the 3rd quarter worth about $575,000. Victory Capital Management Inc. lifted its holdings in shares of Discovery by 40.9% in the 3rd quarter. Victory Capital Management Inc. now owns 69,958 shares of the company’s stock worth $1,489,000 after acquiring an additional 20,303 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Discovery by 22.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,857 shares of the company’s stock worth $508,000 after acquiring an additional 4,333 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Discovery by 10.0% in the 3rd quarter. Prudential Financial Inc. now owns 458,895 shares of the company’s stock worth $9,769,000 after acquiring an additional 41,856 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Discovery by 1.5% in the 3rd quarter. Swiss National Bank now owns 564,388 shares of the company’s stock worth $12,016,000 after acquiring an additional 8,300 shares during the last quarter. Institutional investors and hedge funds own 48.77% of the company’s stock.

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Several equities research analysts have recently issued reports on DISCA shares. Bank of America upgraded shares of Discovery from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, December 21st. BidaskClub downgraded shares of Discovery from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Zacks Investment Research raised shares of Discovery from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Pivotal Research downgraded shares of Discovery from a “buy” rating to a “hold” rating and reduced their price target for the stock from $26.00 to $25.00 in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded shares of Discovery from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.05.

DISCA stock opened at $22.62 on Friday. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 3.20. Discovery Inc has a 52 week low of $15.99 and a 52 week high of $30.25. The company has a market capitalization of $8,608.18, a P/E ratio of 10.10, a P/E/G ratio of 0.91 and a beta of 1.54.

Discovery (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. Discovery had a negative net margin of 4.90% and a positive return on equity of 21.68%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. equities research analysts forecast that Discovery Inc will post 2.81 EPS for the current fiscal year.

In other news, General Counsel Savalle Sims sold 2,571 shares of Discovery stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $24.08, for a total transaction of $61,909.68. Following the completion of the transaction, the general counsel now directly owns 36,640 shares of the company’s stock, valued at approximately $882,291.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adria Alpert-Romm sold 16,238 shares of Discovery stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $22.61, for a total transaction of $367,141.18. Following the transaction, the insider now directly owns 33,463 shares of the company’s stock, valued at $756,598.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,482 shares of company stock valued at $913,006. Company insiders own 6.81% of the company’s stock.

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Discovery Company Profile

Discovery, Inc, formerly Discovery Communications, Inc, is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.

Institutional Ownership by Quarter for Discovery (NASDAQ:DISCA)

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