Discovery Inc Series C (DISCK) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its stake in Discovery Inc Series C (NASDAQ:DISCK) by 78.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,075 shares of the company’s stock after selling 164,000 shares during the quarter. Korea Investment CORP’s holdings in Discovery Inc Series C were worth $1,333,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. State Treasurer State of Michigan raised its holdings in Discovery Inc Series C by 5.9% in the 3rd quarter. State Treasurer State of Michigan now owns 107,146 shares of the company’s stock valued at $3,169,000 after acquiring an additional 6,000 shares during the period. Seven Eight Capital LP bought a new position in Discovery Inc Series C in the 3rd quarter valued at about $571,000. DNB Asset Management AS raised its holdings in Discovery Inc Series C by 10.8% in the 3rd quarter. DNB Asset Management AS now owns 28,714 shares of the company’s stock valued at $849,000 after acquiring an additional 2,800 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Discovery Inc Series C by 11.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,070,332 shares of the company’s stock valued at $52,794,000 after acquiring an additional 205,996 shares during the period. Finally, FMR LLC raised its holdings in Discovery Inc Series C by 571.6% in the 2nd quarter. FMR LLC now owns 1,536,595 shares of the company’s stock valued at $39,184,000 after acquiring an additional 1,307,792 shares during the period. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on DISCK shares. 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.

Shares of DISCK opened at $26.99 on Friday. Discovery Inc Series C has a 12 month low of $17.81 and a 12 month high of $31.55. The company has a market cap of $13.49 billion, a PE ratio of 12.05 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.61.

Discovery Inc Series C (NASDAQ:DISCK) last announced its earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). Discovery Inc Series C had a positive return on equity of 17.05% and a negative net margin of 8.52%. The business had revenue of $2.59 billion for the quarter. As a group, equities analysts predict that Discovery Inc Series C will post 2.85 EPS for the current year.

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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.

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

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