Alliancebernstein L.P. decreased its holdings in Discovery Inc Series C (NASDAQ:DISCK) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 533,258 shares of the company’s stock after selling 25,131 shares during the quarter. Alliancebernstein L.P. owned 0.10% of Discovery Inc Series C worth $15,774,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. NEXT Financial Group Inc acquired a new stake in Discovery Inc Series C in the 3rd quarter worth about $106,000. Piedmont Investment Advisors LLC bought a new position in Discovery Inc Series C in the 2nd quarter valued at about $102,000. Qube Research & Technologies Ltd increased its holdings in 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 valued at $169,000 after buying an additional 2,256 shares during the period. Wealthstreet Investment Advisors LLC bought a new position in Discovery Inc Series C in the 3rd quarter valued at about $201,000. Finally, Wheatland Advisors Inc. bought a new position in Discovery Inc Series C in the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 49.87% of the company’s stock.
DISCK has been the topic of several recent analyst reports. ValuEngine raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. BidaskClub raised shares of Discovery Inc Series C from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 23rd. 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 on the stock in a report on Monday, October 29th.
DISCK stock opened at $25.77 on Thursday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.01 and a current ratio of 1.01. Discovery Inc Series C has a 12 month low of $17.81 and a 12 month high of $31.55. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 11.50 and a beta of 1.20.
Discovery Inc Series C (NASDAQ:DISCK) last released its earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $2.59 billion during the quarter. Discovery Inc Series C had a negative net margin of 8.52% and a positive return on equity of 17.05%. Equities research analysts forecast that Discovery Inc Series C will post 2.85 earnings per share for the current fiscal year.
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About Discovery Inc Series C
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.
Further Reading: What are Institutional Investors?
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