Wetherby Asset Management Inc. Raises Position in Discovery Inc Series C (NASDAQ:DISCK)

Wetherby Asset Management Inc. increased its holdings in Discovery Inc Series C (NASDAQ:DISCK) by 398.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,470 shares of the company’s stock after buying an additional 95,484 shares during the period. Wetherby Asset Management Inc.’s holdings in Discovery Inc Series C were worth $3,399,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Discovery Inc Series C by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,267,270 shares of the company’s stock worth $75,404,000 after buying an additional 195,320 shares during the period. Geode Capital Management LLC raised its holdings in Discovery Inc Series C by 15.8% during the 4th quarter. Geode Capital Management LLC now owns 4,984,900 shares of the company’s stock worth $114,863,000 after buying an additional 680,982 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Discovery Inc Series C during the 4th quarter worth about $223,000. Macquarie Group Ltd. raised its holdings in Discovery Inc Series C by 99.1% during the 4th quarter. Macquarie Group Ltd. now owns 10,851 shares of the company’s stock worth $250,000 after buying an additional 5,400 shares during the period. Finally, FMR LLC raised its holdings in Discovery Inc Series C by 57.0% during the 4th quarter. FMR LLC now owns 1,753,507 shares of the company’s stock worth $40,471,000 after buying an additional 636,514 shares during the period. Institutional investors own 56.61% of the company’s stock.

NASDAQ:DISCK traded down $0.48 on Monday, hitting $26.84. 1,176,495 shares of the company’s stock traded hands, compared to its average volume of 2,958,878. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.16 and a current ratio of 1.16. Discovery Inc Series C has a 1 year low of $21.99 and a 1 year high of $31.55. The firm’s 50-day simple moving average is $28.52. The firm has a market capitalization of $14.34 billion, a P/E ratio of 12.72 and a beta of 1.43.

Discovery Inc Series C (NASDAQ:DISCK) last released its earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a return on equity of 20.10% and a net margin of 9.00%. The company had revenue of $2.71 billion for the quarter. Analysts predict that Discovery Inc Series C will post 4.06 earnings per share for the current fiscal year.

DISCK has been the topic of several recent analyst reports. BidaskClub downgraded Discovery Inc Series C from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine cut Discovery Inc Series C from a “sell” rating to a “strong sell” rating in a research note on Thursday. Finally, Zacks Investment Research cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th.

Discovery Inc Series C Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, 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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