Brown Advisory Inc. Sells 55,931 Shares of Discovery Inc Series C (DISCK)
Brown Advisory Inc. trimmed its holdings in Discovery Inc Series C (NASDAQ:DISCK) by 31.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 123,794 shares of the company’s stock after selling 55,931 shares during the quarter. Brown Advisory Inc.’s holdings in Discovery Inc Series C were worth $3,662,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. NEXT Financial Group Inc bought a new stake in Discovery Inc Series C in the third quarter worth approximately $106,000. Piedmont Investment Advisors LLC bought a new stake in Discovery Inc Series C in the second quarter worth approximately $102,000. Qube Research & Technologies Ltd grew its position in Discovery Inc Series C by 51.6% in the second quarter. Qube Research & Technologies Ltd now owns 6,625 shares of the company’s stock worth $169,000 after acquiring an additional 2,256 shares in the last quarter. Wealthstreet Investment Advisors LLC bought a new stake in Discovery Inc Series C in the third quarter worth approximately $201,000. Finally, Wheatland Advisors Inc. bought a new stake in Discovery Inc Series C in the third quarter worth approximately $207,000. 49.87% of the stock is owned by institutional investors.
Shares of Discovery Inc Series C stock opened at $26.99 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.61. Discovery Inc Series C has a 1-year low of $17.81 and a 1-year high of $31.55. The firm has a market capitalization of $13.49 billion, a PE ratio of 11.82 and a beta of 1.20.
A number of brokerages have recently weighed in on DISCK. BidaskClub cut shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine upgraded shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research upgraded shares of Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, October 29th.
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About Discovery Inc Series C
Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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