American International Group Inc. raised its position in Discovery Inc Series C (NASDAQ:DISCK) by 10.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 150,264 shares of the company’s stock after purchasing an additional 14,101 shares during the period. American International Group Inc.’s holdings in Discovery Inc Series C were worth $4,445,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Discovery Inc Series C by 2.7% in the 3rd quarter. BlackRock Inc. now owns 21,712,637 shares of the company’s stock worth $642,257,000 after acquiring an additional 569,516 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Discovery Inc Series C by 16.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,983 shares of the company’s stock worth $975,000 after acquiring an additional 4,763 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Discovery Inc Series C by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,455,478 shares of the company’s stock worth $72,634,000 after acquiring an additional 64,999 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Discovery Inc Series C by 210.0% in the 3rd quarter. Janus Henderson Group PLC now owns 2,817,611 shares of the company’s stock worth $83,344,000 after acquiring an additional 1,908,804 shares in the last quarter. Finally, CQS Cayman LP grew its stake in shares of Discovery Inc Series C by 25.2% in the 3rd quarter. CQS Cayman LP now owns 3,393,313 shares of the company’s stock worth $100,375,000 after acquiring an additional 682,655 shares in the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, October 29th. ValuEngine upgraded shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Friday. Finally, BidaskClub lowered shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th.

DISCK opened at $26.90 on Friday. The stock has a market cap of $13.49 billion, a P/E ratio of 12.01 and a beta of 1.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.01 and a quick ratio of 1.01. Discovery Inc Series C has a fifty-two week low of $17.81 and a fifty-two week high of $31.55.

Discovery Inc Series C (NASDAQ:DISCK) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). The company had revenue of $2.59 billion for the quarter. Discovery Inc Series C had a negative net margin of 8.52% and a positive return on equity of 17.05%. Analysts predict that Discovery Inc Series C will post 2.85 earnings per share for the current year.

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Discovery Inc Series C Profile

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

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