Morgan Stanley Boosts Stake in Discovery Inc Series C (DISCK)

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Morgan Stanley lifted its position in Discovery Inc Series C (NASDAQ:DISCK) by 10.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 892,963 shares of the company’s stock after buying an additional 81,764 shares during the quarter. Morgan Stanley’s holdings in Discovery Inc Series C were worth $26,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DISCK. Standard Life Aberdeen plc boosted its stake in shares of Discovery Inc Series C by 11.9% during the 3rd quarter. Standard Life Aberdeen plc now owns 108,649 shares of the company’s stock worth $3,214,000 after acquiring an additional 11,555 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Discovery Inc Series C by 8.2% during the 3rd quarter. New Mexico Educational Retirement Board now owns 30,424 shares of the company’s stock worth $900,000 after acquiring an additional 2,300 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Discovery Inc Series C by 64.0% during the 3rd quarter. Nordea Investment Management AB now owns 17,796 shares of the company’s stock worth $526,000 after acquiring an additional 6,948 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Discovery Inc Series C by 0.8% during the 3rd quarter. Teachers Advisors LLC now owns 743,406 shares of the company’s stock worth $21,990,000 after acquiring an additional 6,006 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Discovery Inc Series C by 8.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 57,117 shares of the company’s stock worth $1,689,000 after acquiring an additional 4,336 shares in the last quarter. 56.26% of the stock is currently owned by institutional investors.

NASDAQ DISCK opened at $25.92 on Friday. Discovery Inc Series C has a twelve month low of $19.08 and a twelve month high of $31.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.61. The stock has a market cap of $13.34 billion, a P/E ratio of 11.69 and a beta of 1.28.

Discovery Inc Series C (NASDAQ:DISCK) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Discovery Inc Series C had a positive return on equity of 17.05% and a negative net margin of 8.52%. The business had revenue of $2.59 billion for the quarter. As a group, analysts expect that Discovery Inc Series C will post 3.01 EPS for the current year.

Several equities analysts recently weighed in on DISCK shares. Zacks Investment Research raised 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 report on Monday, October 29th. ValuEngine cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th.

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Discovery Inc Series C Company 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.

See Also: Stock Split

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

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