Kentucky Retirement Systems Invests $362,000 in Discovery Inc Series C (DISCK) Stock

Kentucky Retirement Systems bought a new stake in Discovery Inc Series C (NASDAQ:DISCK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,670 shares of the company’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Discovery Inc Series C by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 2,455,478 shares of the company’s stock worth $72,634,000 after acquiring an additional 64,999 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Discovery Inc Series C by 16.9% during the third quarter. PNC Financial Services Group Inc. now owns 32,983 shares of the company’s stock worth $975,000 after buying an additional 4,763 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Discovery Inc Series C by 2.7% during the third quarter. BlackRock Inc. now owns 21,712,637 shares of the company’s stock worth $642,257,000 after buying an additional 569,516 shares in the last quarter. American International Group Inc. grew its holdings in shares of Discovery Inc Series C by 10.4% during the third quarter. American International Group Inc. now owns 150,264 shares of the company’s stock worth $4,445,000 after buying an additional 14,101 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Discovery Inc Series C by 27.9% during the third quarter. Canada Pension Plan Investment Board now owns 233,993 shares of the company’s stock worth $6,922,000 after buying an additional 51,017 shares in the last quarter. 58.65% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:DISCK traded up $0.93 during mid-day trading on Friday, hitting $29.49. The stock had a trading volume of 2,030,039 shares, compared to its average volume of 2,015,787. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 13.98 and a beta of 1.30. Discovery Inc Series C has a twelve month low of $19.25 and a twelve month high of $31.55. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.50.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings results on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08). The company had revenue of $2.81 billion during the quarter. Discovery Inc Series C had a net margin of 5.63% and a return on equity of 17.30%. On average, equities analysts anticipate that Discovery Inc Series C will post 3.69 EPS for the current year.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Monday, February 18th. TheStreet raised shares of Discovery Inc Series C from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. BidaskClub lowered shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, ValuEngine raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Discovery Inc Series C presently has an average rating of “Hold” and an average target price of $30.00.

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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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