Northern Trust Corp boosted its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,958,820 shares of the company’s stock after purchasing an additional 235,043 shares during the quarter. Northern Trust Corp’s holdings in Discovery Inc Series C were worth $112,628,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Cornerstone Advisors Inc. increased its holdings in shares of Discovery Inc Series C by 105.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock valued at $25,000 after acquiring an additional 459 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Discovery Inc Series C during the 1st quarter worth $42,000. Resources Investment Advisors LLC. grew its stake in Discovery Inc Series C by 55.0% during the 2nd quarter. Resources Investment Advisors LLC. now owns 1,972 shares of the company’s stock worth $56,000 after buying an additional 700 shares during the last quarter. Financial Gravity Wealth Inc. grew its stake in Discovery Inc Series C by 303.2% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,157 shares of the company’s stock worth $61,000 after buying an additional 1,622 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Discovery Inc Series C during the 2nd quarter worth $90,000. Institutional investors own 57.08% of the company’s stock.
DISCK traded down $0.06 during trading on Friday, reaching $26.45. 157,974 shares of the company were exchanged, compared to its average volume of 2,549,633. The stock has a market cap of $14.45 billion, a P/E ratio of 8.64 and a beta of 1.46. The firm has a 50 day moving average of $26.77 and a 200 day moving average of $27.14. 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 52 week low of $21.99 and a 52 week high of $31.55.
DISCK has been the subject of a number of 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 research note on Thursday, August 8th. Finally, BidaskClub downgraded Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th.
Discovery Inc Series C 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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