Los Angeles Capital Management & Equity Research Inc. Makes New $5.83 Million Investment in Discovery Inc Series C (NASDAQ:DISCK)

Los Angeles Capital Management & Equity Research Inc. bought a new position in Discovery Inc Series C (NASDAQ:DISCK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 205,057 shares of the company’s stock, valued at approximately $5,834,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Discovery Inc Series C by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,267,270 shares of the company’s stock worth $75,404,000 after purchasing an additional 195,320 shares during the period. Geode Capital Management LLC boosted its stake in Discovery Inc Series C by 15.8% in the 4th quarter. Geode Capital Management LLC now owns 4,984,900 shares of the company’s stock worth $114,863,000 after purchasing an additional 680,982 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Discovery Inc Series C in the 4th quarter worth approximately $223,000. Macquarie Group Ltd. boosted its stake in Discovery Inc Series C by 99.1% in the 4th quarter. Macquarie Group Ltd. now owns 10,851 shares of the company’s stock worth $250,000 after purchasing an additional 5,400 shares during the period. Finally, FMR LLC boosted its stake in Discovery Inc Series C by 57.0% in the 4th quarter. FMR LLC now owns 1,753,507 shares of the company’s stock worth $40,471,000 after purchasing an additional 636,514 shares during the period. 57.60% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on DISCK shares. Zacks Investment Research downgraded shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. 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. Finally, BidaskClub downgraded shares of Discovery Inc Series C from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.



DISCK stock opened at $26.63 on Wednesday. Discovery Inc Series C has a 12-month low of $21.99 and a 12-month high of $31.55. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. The stock has a market cap of $14.30 billion, a P/E ratio of 12.62 and a beta of 1.43. The business has a 50 day moving average of $28.43.

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

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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