State Board of Administration of Florida Retirement System Lowers Position in Discovery Inc Series C (DISCK)

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State Board of Administration of Florida Retirement System trimmed its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 0.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 512,846 shares of the company’s stock after selling 1,000 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Discovery Inc Series C were worth $13,037,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Discovery Inc Series C during the 4th quarter worth approximately $26,000. Baldwin Brothers Inc. MA acquired a new stake in shares of Discovery Inc Series C in the 4th quarter valued at approximately $32,000. Daiwa SB Investments Ltd. acquired a new stake in shares of Discovery Inc Series C in the 1st quarter valued at approximately $39,000. Somerset Trust Co boosted its holdings in shares of Discovery Inc Series C by 149.0% in the 1st quarter. Somerset Trust Co now owns 1,636 shares of the company’s stock valued at $42,000 after buying an additional 979 shares during the last quarter. Finally, Legacy Bridge LLC acquired a new stake in shares of Discovery Inc Series C in the 1st quarter valued at approximately $49,000. 59.86% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on DISCK shares. BidaskClub downgraded Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. TheStreet raised Discovery Inc Series C from a “c” rating to a “b” rating in a report on Tuesday, February 26th. Finally, Zacks Investment Research downgraded Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Monday, February 18th.

Discovery Inc Series C stock traded down $0.21 during mid-day trading on Friday, hitting $26.04. 136,548 shares of the company’s stock traded hands, compared to its average volume of 2,495,881. Discovery Inc Series C has a fifty-two week low of $19.25 and a fifty-two week high of $31.55. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 12.33 and a beta of 1.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) 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 business had revenue of $2.71 billion during the quarter. As a group, equities analysts anticipate that Discovery Inc Series C will post 4.09 earnings per share for the current fiscal 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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