11,475 Shares in Discovery Inc Series C (NASDAQ:DISCK) Acquired by Reynders McVeigh Capital Management LLC

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Reynders McVeigh Capital Management LLC purchased a new position in shares of Discovery Inc Series C (NASDAQ:DISCK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,475 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Keybank National Association OH increased its holdings in shares of Discovery Inc Series C by 14.0% in the 2nd quarter. Keybank National Association OH now owns 13,332 shares of the company’s stock valued at $379,000 after acquiring an additional 1,634 shares during the last quarter. Cleararc Capital Inc. purchased a new stake in shares of Discovery Inc Series C during the first quarter valued at $222,000. Tyers Asset Management LLC lifted its holdings in shares of Discovery Inc Series C by 84.0% during the first quarter. Tyers Asset Management LLC now owns 212,624 shares of the company’s stock valued at $5,405,000 after purchasing an additional 97,056 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Discovery Inc Series C by 11.4% during the first quarter. Raymond James & Associates now owns 725,388 shares of the company’s stock valued at $18,439,000 after purchasing an additional 74,503 shares during the last quarter. Finally, Norinchukin Bank The lifted its holdings in shares of Discovery Inc Series C by 3.7% during the first quarter. Norinchukin Bank The now owns 68,409 shares of the company’s stock valued at $1,739,000 after purchasing an additional 2,416 shares during the last quarter. 58.44% of the stock is currently owned by hedge funds and other institutional investors.

DISCK stock traded down $0.93 during mid-day trading on Friday, hitting $25.33. The stock had a trading volume of 2,304,771 shares, compared to its average volume of 2,273,692. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Inc Series C has a 1-year low of $21.99 and a 1-year high of $31.55. The company has a fifty day moving average of $28.04 and a 200 day moving average of $27.28. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 12.00 and a beta of 1.43.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.37). The firm had revenue of $2.89 billion during the quarter. Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%. As a group, sell-side analysts expect that Discovery Inc Series C will post 4.03 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on DISCK shares. BidaskClub downgraded Discovery Inc Series C from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, ValuEngine raised Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th.

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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