Discovery Inc Series C (NASDAQ:DISCK) Holdings Reduced by First Manhattan Co.

First Manhattan Co. decreased its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,697,784 shares of the company’s stock after selling 53,217 shares during the period. First Manhattan Co. owned 0.32% of Discovery Inc Series C worth $43,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy Pohlad Asset Management LLC lifted its stake in Discovery Inc Series C by 1.4% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 35,179 shares of the company’s stock valued at $811,000 after acquiring an additional 500 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Discovery Inc Series C by 6.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 10,814 shares of the company’s stock valued at $250,000 after purchasing an additional 700 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Discovery Inc Series C by 0.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 155,217 shares of the company’s stock valued at $3,582,000 after purchasing an additional 785 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its holdings in shares of Discovery Inc Series C by 1.5% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 61,602 shares of the company’s stock valued at $1,422,000 after purchasing an additional 937 shares in the last quarter. Finally, Trust Co. of Vermont increased its holdings in shares of Discovery Inc Series C by 16.5% during the 4th quarter. Trust Co. of Vermont now owns 6,862 shares of the company’s stock valued at $158,000 after purchasing an additional 970 shares in the last quarter. 58.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ DISCK opened at $27.77 on Friday. The firm has a market capitalization of $14.55 billion, a P/E ratio of 9.95 and a beta of 1.34. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. Discovery Inc Series C has a one year low of $19.25 and a one year high of $31.55.

Discovery Inc Series C (NASDAQ:DISCK) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $2.71 billion during the quarter. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. Equities research analysts expect that Discovery Inc Series C will post 3.69 earnings per share for the current year.

Several equities analysts have recently weighed in on DISCK shares. TheStreet raised shares of Discovery Inc Series C from a “c” rating to a “b” rating in a report on Tuesday, February 26th. BidaskClub lowered shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.00.

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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.

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

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