Discovery Inc Series C (DISCK) Position Raised by Credit Suisse AG

Credit Suisse AG boosted its position in shares of Discovery Inc Series C (NASDAQ:DISCK) by 6.1% in the third quarter, HoldingsChannel reports. The firm owned 457,176 shares of the company’s stock after acquiring an additional 26,244 shares during the period. Credit Suisse AG’s holdings in Discovery Inc Series C were worth $13,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Treasurer State of Michigan grew its holdings in Discovery Inc Series C by 5.9% during the 3rd 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 3rd quarter valued at $571,000. DNB Asset Management AS grew its holdings in Discovery Inc Series C by 10.8% during the 3rd 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. grew its holdings in Discovery Inc Series C by 11.0% during 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 purchasing an additional 205,996 shares in the last quarter. Finally, FMR LLC grew its holdings in Discovery Inc Series C by 571.6% during the 2nd 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 owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, October 29th. BidaskClub lowered shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. Finally, ValuEngine raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Thursday, August 9th.

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

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). The company had revenue of $2.59 billion for the quarter. Discovery Inc Series C had a positive return on equity of 17.05% and a negative net margin of 8.52%. Equities analysts forecast that Discovery Inc Series C will post 2.85 earnings per share 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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