Discovery Inc Series C (NASDAQ:DISCK) Shares Purchased by M&T Bank Corp

M&T Bank Corp boosted its stake in shares of Discovery Inc Series C (NASDAQ:DISCK) by 71.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,837 shares of the company’s stock after acquiring an additional 6,603 shares during the quarter. M&T Bank Corp’s holdings in Discovery Inc Series C were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in Discovery Inc Series C by 73.0% during the 1st quarter. JPMorgan Chase & Co. now owns 13,156,078 shares of the company’s stock valued at $334,428,000 after acquiring an additional 5,551,544 shares during the period. Wells Fargo & Company MN raised its position in Discovery Inc Series C by 1,011.1% during the 2nd quarter. Wells Fargo & Company MN now owns 5,561,179 shares of the company’s stock valued at $158,216,000 after purchasing an additional 5,060,685 shares during the last quarter. Geode Capital Management LLC raised its position in Discovery Inc Series C by 15.8% during the 4th quarter. Geode Capital Management LLC now owns 4,984,900 shares of the company’s stock valued at $114,863,000 after purchasing an additional 680,982 shares during the last quarter. Prudential Financial Inc. raised its position in Discovery Inc Series C by 764.8% during the 2nd quarter. Prudential Financial Inc. now owns 4,706,539 shares of the company’s stock valued at $133,901,000 after purchasing an additional 4,162,274 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Discovery Inc Series C by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,643,825 shares of the company’s stock valued at $92,626,000 after purchasing an additional 27,295 shares during the last quarter. Institutional investors own 57.08% of the company’s stock.

DISCK has been the subject of several research reports. Zacks Investment Research lowered Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report 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 “sell” rating to a “strong sell” rating in a research note on Saturday, September 21st.

NASDAQ:DISCK opened at $24.71 on Friday. Discovery Inc Series C has a 52 week low of $21.99 and a 52 week high of $31.55. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. The business’s 50-day simple moving average is $25.86 and its two-hundred day simple moving average is $26.98. The stock has a market cap of $13.29 billion, a PE ratio of 7.95 and a beta of 1.46.

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

Discovery Inc Series C Company 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.

Further Reading: Quantitative Easing

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

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