Municipal Employees Retirement System of Michigan Takes Position in Discovery Inc Series C (DISCK)

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Municipal Employees Retirement System of Michigan bought a new position in Discovery Inc Series C (NASDAQ:DISCK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,654 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Discovery Inc Series C during the fourth quarter valued at approximately $26,000. Baldwin Brothers Inc. MA purchased a new position in shares of Discovery Inc Series C during the fourth quarter valued at approximately $32,000. Atlas Capital Advisors LLC purchased a new position in shares of Discovery Inc Series C during the fourth quarter valued at approximately $65,000. Enlightenment Research LLC purchased a new position in shares of Discovery Inc Series C during the fourth quarter valued at approximately $95,000. Finally, First Hawaiian Bank lifted its holdings in shares of Discovery Inc Series C by 523.5% during the fourth quarter. First Hawaiian Bank now owns 5,593 shares of the company’s stock valued at $129,000 after purchasing an additional 4,696 shares during the last quarter. 58.63% of the stock is currently owned by institutional investors.

DISCK has been the subject of several recent research reports. BidaskClub lowered shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. ValuEngine lowered shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. TheStreet upgraded shares of Discovery Inc Series C from a “c” rating to a “b” rating in a report on Tuesday, February 26th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Discovery Inc Series C currently has an average rating of “Hold” and an average target price of $30.00.

DISCK stock opened at $27.96 on Tuesday. Discovery Inc Series C has a 52-week low of $19.25 and a 52-week high of $31.55. The company has a market cap of $14.67 billion, a PE ratio of 13.25 and a beta of 1.30. 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 released its earnings results on Tuesday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.05). Discovery Inc Series C had a net margin of 5.63% and a return on equity of 17.30%. Sell-side analysts predict that Discovery Inc Series C will post 3.69 EPS for the current year.

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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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