DNB Asset Management AS Purchases 2,458 Shares of Discovery Inc Series C (NASDAQ:DISCK)

DNB Asset Management AS grew its position in shares of Discovery Inc Series C (NASDAQ:DISCK) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,908 shares of the company’s stock after buying an additional 2,458 shares during the quarter. DNB Asset Management AS’s holdings in Discovery Inc Series C were worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its holdings in 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 purchasing an additional 459 shares during the period. Resources Investment Advisors LLC. raised its holdings in Discovery Inc Series C by 55.0% in the 2nd quarter. Resources Investment Advisors LLC. now owns 1,972 shares of the company’s stock worth $56,000 after purchasing an additional 700 shares during the period. Financial Gravity Wealth Inc. raised its holdings in Discovery Inc Series C by 303.2% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,157 shares of the company’s stock worth $61,000 after purchasing an additional 1,622 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Discovery Inc Series C in the 2nd quarter worth $90,000. Finally, Ossiam bought a new position in Discovery Inc Series C in the 2nd quarter worth $128,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:DISCK opened at $25.90 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. The business’s 50-day simple moving average is $25.49 and its two-hundred day simple moving average is $26.93. The stock has a market cap of $13.97 billion, a PE ratio of 8.35 and a beta of 1.41. Discovery Inc Series C has a 52 week low of $21.99 and a 52 week high of $31.55.

Discovery Inc Series C (NASDAQ:DISCK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.37). The business had revenue of $2.89 billion for the quarter. Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%.

A number of equities analysts recently commented on DISCK shares. Zacks Investment Research cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. ValuEngine raised Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Finally, BidaskClub raised Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

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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