Shell Asset Management Co. increased its position in shares of Discovery Inc Series C (NASDAQ:DISCK) by 16.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 24,262 shares of the company’s stock after purchasing an additional 3,424 shares during the quarter. Shell Asset Management Co.’s holdings in Discovery Inc Series C were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

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

NASDAQ:DISCK opened at $26.99 on Friday. Discovery Inc Series C has a 1 year low of $17.81 and a 1 year high of $31.55. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $13.49 billion, a PE ratio of 12.05 and a beta of 1.20.

Discovery Inc Series C (NASDAQ:DISCK) last posted its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Discovery Inc Series C had a negative net margin of 8.52% and a positive return on equity of 17.05%. The firm had revenue of $2.59 billion during the quarter. As a group, sell-side analysts anticipate that Discovery Inc Series C will post 2.85 EPS for the current year.

A number of equities research analysts have weighed in on DISCK shares. ValuEngine raised Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. BidaskClub upgraded shares of Discovery Inc Series C from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 23rd. Finally, Zacks Investment Research upgraded 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.

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Discovery Inc Series C Company 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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