Discovery Inc Series C (DISCK) Shares Sold by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC trimmed its stake in shares of Discovery Inc Series C (NASDAQ:DISCK) by 84.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,684 shares of the company’s stock after selling 103,876 shares during the period. Quinn Opportunity Partners LLC’s holdings in Discovery Inc Series C were worth $454,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Discovery Inc Series C by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,390,479 shares of the company’s stock valued at $60,958,000 after buying an additional 163,221 shares during the period. Arizona State Retirement System boosted its position in shares of Discovery Inc Series C by 6.3% in the 3rd quarter. Arizona State Retirement System now owns 89,145 shares of the company’s stock valued at $2,637,000 after purchasing an additional 5,270 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Discovery Inc Series C by 61.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,299 shares of the company’s stock valued at $511,000 after purchasing an additional 6,583 shares during the period. Wells Fargo & Company MN boosted its position in shares of Discovery Inc Series C by 18.9% in the 3rd quarter. Wells Fargo & Company MN now owns 728,773 shares of the company’s stock valued at $21,557,000 after purchasing an additional 115,653 shares during the period. Finally, Stone Ridge Asset Management LLC raised its stake in Discovery Inc Series C by 3.7% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 53,868 shares of the company’s stock valued at $1,593,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 60.02% of the company’s stock.

Shares of DISCK stock opened at $26.94 on Tuesday. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 12.77 and a beta of 1.31. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.01 and a quick ratio of 1.01. Discovery Inc Series C has a 52 week low of $19.08 and a 52 week high of $31.55.

Discovery Inc Series C (NASDAQ:DISCK) last announced its earnings results on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.05). Discovery Inc Series C had a positive return on equity of 17.05% and a negative net margin of 8.52%. On average, analysts predict that Discovery Inc Series C will post 3.74 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. TheStreet raised Discovery Inc Series C from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. Zacks Investment Research upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Finally, ValuEngine upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Friday, December 7th. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Discovery Inc Series C currently has a consensus rating of “Buy” and a consensus target price of $30.00.

ILLEGAL ACTIVITY WARNING: “Discovery Inc Series C (DISCK) Shares Sold by Quinn Opportunity Partners LLC” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.dispatchtribunal.com/2019/03/12/discovery-inc-series-c-disck-shares-sold-by-quinn-opportunity-partners-llc.html.

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.

Featured Article: Why do commodities matter?

Want to see what other hedge funds are holding DISCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Inc Series C (NASDAQ:DISCK).

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

Receive News & Ratings for Discovery Inc Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Inc Series C and related companies with MarketBeat.com's FREE daily email newsletter.