Discovery Inc Series C (DISCK) Holdings Reduced by Texas Permanent School Fund

Texas Permanent School Fund decreased its position in Discovery Inc Series C (NASDAQ:DISCK) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,741 shares of the company’s stock after selling 2,619 shares during the period. Texas Permanent School Fund’s holdings in Discovery Inc Series C were worth $2,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Discovery Inc Series C in the 2nd quarter worth approximately $102,000. NEXT Financial Group Inc acquired a new stake in shares of Discovery Inc Series C in the 3rd quarter worth approximately $106,000. Trust Co. of Vermont lifted its stake in shares of Discovery Inc Series C by 638.6% in the 2nd quarter. Trust Co. of Vermont now owns 6,352 shares of the company’s stock worth $162,000 after acquiring an additional 5,492 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Discovery Inc Series C by 51.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 6,625 shares of the company’s stock worth $169,000 after acquiring an additional 2,256 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Discovery Inc Series C in the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

DISCK has been the subject of a number of research analyst reports. ValuEngine raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. BidaskClub lowered shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, Zacks Investment Research raised shares of Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, October 29th.

DISCK stock opened at $29.14 on Monday. Discovery Inc Series C has a 12 month low of $14.99 and a 12 month high of $31.39. The company has a market cap of $15.22 billion, a P/E ratio of 13.01 and a beta of 1.19. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.84.

Discovery Inc Series C (NASDAQ:DISCK) last released its earnings results on Tuesday, August 7th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). Discovery Inc Series C had a negative net margin of 8.28% and a positive return on equity of 17.68%. The business had revenue of $2.85 billion for the quarter. Equities analysts predict that Discovery Inc Series C will post 2.85 earnings per share for the current fiscal year.

Discovery Inc Series C Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

See Also: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Discovery Inc Series C (NASDAQ:DISCK)

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