Discovery Inc Series C (NASDAQ:DISCK) is Hi Line Capital Management LLC’s 10th Largest Position

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Hi Line Capital Management LLC raised its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 315,550 shares of the company’s stock after buying an additional 45,261 shares during the period. Discovery Inc Series C comprises 3.5% of Hi Line Capital Management LLC’s portfolio, making the stock its 10th largest holding. Hi Line Capital Management LLC’s holdings in Discovery Inc Series C were worth $7,769,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in shares of Discovery Inc Series C by 2.0% in the first quarter. FMR LLC now owns 1,788,500 shares of the company’s stock worth $45,463,000 after purchasing an additional 34,993 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Discovery Inc Series C by 128.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 409,927 shares of the company’s stock worth $10,421,000 after purchasing an additional 230,750 shares during the period. DNB Asset Management AS boosted its position in shares of Discovery Inc Series C by 42.1% in the second quarter. DNB Asset Management AS now owns 115,450 shares of the company’s stock worth $3,285,000 after purchasing an additional 34,200 shares during the period. O Keefe Stevens Advisory Inc. boosted its position in shares of Discovery Inc Series C by 2.9% in the second quarter. O Keefe Stevens Advisory Inc. now owns 229,615 shares of the company’s stock worth $6,533,000 after purchasing an additional 6,365 shares during the period. Finally, PM CAPITAL Ltd bought a new position in shares of Discovery Inc Series C in the second quarter worth approximately $6,937,000. 56.32% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:DISCK traded down $0.17 during midday trading on Tuesday, reaching $28.48. 2,700,522 shares of the company were exchanged, compared to its average volume of 2,513,489. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.33. The business’s fifty day moving average is $25.66 and its two-hundred day moving average is $26.79. Discovery Inc Series C has a one year low of $21.99 and a one year high of $30.29. The stock has a market cap of $15.38 billion, a PE ratio of 8.27 and a beta of 1.43.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Thursday, November 7th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. Discovery Inc Series C had a net margin of 16.81% and a return on equity of 23.29%. The firm had revenue of $2.68 billion during the quarter.

A number of equities analysts have weighed in on DISCK shares. Morgan Stanley dropped their price target on shares of Discovery Inc Series C from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Zacks Investment Research lowered shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. BidaskClub upgraded shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, ValuEngine upgraded shares of Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Discovery Inc Series C presently has an average rating of “Hold” and a consensus target price of $30.00.

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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