Strs Ohio Trims Position in Discovery Inc Series C (NASDAQ:DISCK)

Strs Ohio lessened its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 73.6% during the second quarter, HoldingsChannel reports. The firm owned 36,985 shares of the company’s stock after selling 103,092 shares during the quarter. Strs Ohio’s holdings in Discovery Inc Series C were worth $1,052,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in shares of Discovery Inc Series C by 2.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 21,012 shares of the company’s stock worth $534,000 after buying an additional 430 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Discovery Inc Series C by 105.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock worth $25,000 after buying an additional 459 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Discovery Inc Series C by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 35,941 shares of the company’s stock worth $1,023,000 after buying an additional 470 shares during the period. Hartford Investment Management Co. raised its position in shares of Discovery Inc Series C by 1.2% in the 2nd quarter. Hartford Investment Management Co. now owns 39,693 shares of the company’s stock worth $1,129,000 after buying an additional 475 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its position in shares of Discovery Inc Series C by 0.9% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 54,772 shares of the company’s stock worth $1,392,000 after buying an additional 504 shares during the period. 57.60% of the stock is currently owned by institutional investors.

NASDAQ:DISCK opened at $27.35 on Wednesday. The firm has a 50-day moving average of $28.43. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Inc Series C has a 12 month low of $21.99 and a 12 month high of $31.55. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 12.96 and a beta of 1.43.

Discovery Inc Series C (NASDAQ:DISCK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.37). Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%. The company had revenue of $2.89 billion during the quarter. On average, research analysts predict that Discovery Inc Series C will post 4.03 EPS for the current fiscal year.

Several brokerages recently weighed in on DISCK. ValuEngine raised Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. BidaskClub lowered Discovery Inc Series C from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th.

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

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