Vanguard Group Inc. increased its position in shares of Discovery Inc Series C (NASDAQ:DISCK) by 4.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 37,405,007 shares of the company’s stock after purchasing an additional 1,458,903 shares during the quarter. Vanguard Group Inc. owned 0.07% of Discovery Inc Series C worth $1,064,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DISCK. Geode Capital Management LLC increased its holdings in Discovery Inc Series C by 15.8% in the fourth quarter. Geode Capital Management LLC now owns 4,984,900 shares of the company’s stock valued at $114,863,000 after purchasing an additional 680,982 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Discovery Inc Series C by 0.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 82,936 shares of the company’s stock valued at $2,108,000 after purchasing an additional 633 shares during the last quarter. Mason Street Advisors LLC increased its holdings in Discovery Inc Series C by 1.2% in the first quarter. Mason Street Advisors LLC now owns 51,422 shares of the company’s stock valued at $1,307,000 after purchasing an additional 632 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Discovery Inc Series C by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,366,643 shares of the company’s stock valued at $34,740,000 after purchasing an additional 14,281 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in Discovery Inc Series C by 3.4% in the first quarter. TD Asset Management Inc. now owns 110,751 shares of the company’s stock valued at $2,815,000 after purchasing an additional 3,657 shares during the last quarter. 57.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Discovery Inc Series C stock traded up $0.04 during trading hours on Monday, hitting $24.41. The company’s stock had a trading volume of 122,862 shares, compared to its average volume of 2,801,353. Discovery Inc Series C has a 12 month low of $21.99 and a 12 month high of $31.55. The stock has a 50 day moving average of $26.24 and a 200 day moving average of $27.08. The company has a market capitalization of $13.40 billion, a PE ratio of 8.02 and a beta of 1.46. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.37). Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%. The business had revenue of $2.89 billion during the quarter.

A number of research firms recently commented on DISCK. Zacks Investment Research downgraded Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. BidaskClub downgraded Discovery Inc Series C from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th.

Discovery Inc Series C Company 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.

Further Reading: How does a security become overbought?

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

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