World Asset Management Inc trimmed its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 1.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,501 shares of the company’s stock after selling 436 shares during the period. World Asset Management Inc’s holdings in Discovery Inc Series C were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of DISCK. Cornerstone Advisors Inc. raised its stake in shares of Discovery Inc Series C by 105.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock worth $25,000 after buying an additional 459 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new position in shares of Discovery Inc Series C during the 1st quarter worth approximately $39,000. Somerset Trust Co raised its stake in shares of Discovery Inc Series C by 149.0% during the 1st quarter. Somerset Trust Co now owns 1,636 shares of the company’s stock worth $42,000 after buying an additional 979 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Discovery Inc Series C during the 1st quarter worth approximately $42,000. Finally, Legacy Bridge LLC purchased a new position in shares of Discovery Inc Series C during the 1st quarter worth approximately $49,000. 56.56% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on DISCK. ValuEngine downgraded Discovery Inc Series C from a “sell” rating to a “strong sell” rating in a research note on Thursday. BidaskClub downgraded Discovery Inc Series C from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research downgraded Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th.
Discovery Inc Series C (NASDAQ:DISCK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a return on equity of 20.10% and a net margin of 9.00%. The firm had revenue of $2.71 billion during the quarter. Sell-side analysts forecast that Discovery Inc Series C will post 4.06 EPS for the current fiscal year.
About Discovery Inc Series C
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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