Natixis Advisors L.P. Acquires 7,004 Shares of Discovery Inc Series C (NASDAQ:DISCK)

Natixis Advisors L.P. boosted its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,440 shares of the company’s stock after purchasing an additional 7,004 shares during the period. Natixis Advisors L.P.’s holdings in Discovery Inc Series C were worth $3,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Discovery Inc Series C by 73.0% during the first quarter. JPMorgan Chase & Co. now owns 13,156,078 shares of the company’s stock valued at $334,428,000 after buying an additional 5,551,544 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Discovery Inc Series C by 1,011.1% during the second quarter. Wells Fargo & Company MN now owns 5,561,179 shares of the company’s stock worth $158,216,000 after purchasing an additional 5,060,685 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Discovery Inc Series C by 15.8% during the fourth 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 last quarter. Prudential Financial Inc. lifted its position in shares of Discovery Inc Series C by 764.8% during the second quarter. Prudential Financial Inc. now owns 4,706,539 shares of the company’s stock worth $133,901,000 after purchasing an additional 4,162,274 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Discovery Inc Series C by 0.8% during the first quarter. Clearbridge Investments LLC now owns 3,643,825 shares of the company’s stock worth $92,626,000 after purchasing an additional 27,295 shares during the last quarter. Hedge funds and other institutional investors own 57.08% of the company’s stock.

Discovery Inc Series C stock traded down $0.02 during trading on Friday, hitting $26.49. The company’s stock had a trading volume of 144,381 shares, compared to its average volume of 2,549,633. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 8.64 and a beta of 1.46. The stock’s fifty day moving average is $26.77 and its 200 day moving average is $27.14. Discovery Inc Series C has a 1-year low of $21.99 and a 1-year high of $31.55. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27.



Discovery Inc Series C (NASDAQ:DISCK) last released its earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.37). The business had revenue of $2.89 billion during the quarter. Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%.

DISCK has been the subject of several recent research reports. Zacks Investment Research downgraded Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Finally, BidaskClub cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th.

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.

Read More: Certificate of Deposit (CD)

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Institutional Ownership by Quarter for Discovery Inc Series C (NASDAQ:DISCK)

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