BNP Paribas Arbitrage SA Has $7.82 Million Holdings in Discovery Inc Series C (NASDAQ:DISCK)

BNP Paribas Arbitrage SA lifted its stake in Discovery Inc Series C (NASDAQ:DISCK) by 111.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,510 shares of the company’s stock after purchasing an additional 162,082 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Discovery Inc Series C worth $7,817,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DISCK. Murphy Pohlad Asset Management LLC raised its stake in Discovery Inc Series C by 1.4% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 35,179 shares of the company’s stock valued at $811,000 after buying an additional 500 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Discovery Inc Series C by 6.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,814 shares of the company’s stock valued at $250,000 after buying an additional 700 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Discovery Inc Series C by 0.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 155,217 shares of the company’s stock valued at $3,582,000 after buying an additional 785 shares in the last quarter. Strs Ohio raised its stake in Discovery Inc Series C by 0.6% in the first quarter. Strs Ohio now owns 140,077 shares of the company’s stock valued at $3,560,000 after buying an additional 823 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. raised its stake in Discovery Inc Series C by 1.5% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 61,602 shares of the company’s stock valued at $1,422,000 after buying an additional 937 shares in the last quarter. Hedge funds and other institutional investors own 59.86% of the company’s stock.

Discovery Inc Series C stock traded down $0.56 during midday trading on Wednesday, reaching $25.78. The company’s stock had a trading volume of 1,947,528 shares, compared to its average volume of 2,170,970. Discovery Inc Series C has a fifty-two week low of $19.25 and a fifty-two week high of $31.55. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $13.76 billion, a PE ratio of 12.22 and a beta of 1.34.

Discovery Inc Series C (NASDAQ:DISCK) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a return on equity of 20.10% and a net margin of 9.00%. The company had revenue of $2.71 billion for the quarter. On average, research analysts expect that Discovery Inc Series C will post 4.09 earnings per share for the current fiscal year.

A number of analysts have weighed in on DISCK shares. Zacks Investment Research cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. TheStreet upgraded Discovery Inc Series C from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. Finally, BidaskClub cut Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th.

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

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