Mason Street Advisors LLC Cuts Stock Position in Discovery Inc Series C (NASDAQ:DISCK)

Mason Street Advisors LLC cut its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,430 shares of the company’s stock after selling 1,991 shares during the period. Mason Street Advisors LLC’s holdings in Discovery Inc Series C were worth $1,217,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Cornerstone Advisors Inc. grew its position in shares of Discovery Inc Series C by 105.3% during the second quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock worth $25,000 after buying an additional 459 shares in the last quarter. Resources Investment Advisors LLC. grew its position in shares of Discovery Inc Series C by 55.0% during the second quarter. Resources Investment Advisors LLC. now owns 1,972 shares of the company’s stock worth $56,000 after buying an additional 700 shares in the last quarter. Financial Gravity Wealth Inc. grew its position in shares of Discovery Inc Series C by 303.2% during the second 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of Discovery Inc Series C during the second quarter worth about $90,000. Finally, Whittier Trust Co. grew its position in shares of Discovery Inc Series C by 742.1% during the third quarter. Whittier Trust Co. now owns 4,059 shares of the company’s stock worth $100,000 after buying an additional 3,577 shares in the last quarter. Institutional investors own 56.44% of the company’s stock.

Shares of DISCK opened at $27.88 on Monday. The stock has a 50 day moving average price of $25.95 and a 200 day moving average price of $26.78. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 8.10 and a beta of 1.43. Discovery Inc Series C has a 52-week low of $21.99 and a 52-week high of $30.29.

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

A number of equities analysts have recently commented on DISCK shares. ValuEngine raised Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. BidaskClub raised Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Morgan Stanley lowered their price objective on 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. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.00.

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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