American International Group Inc. Has $4.45 Million Holdings in Discovery Inc Series C (DISCK)

American International Group Inc. boosted its holdings in Discovery Inc Series C (NASDAQ:DISCK) by 10.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,264 shares of the company’s stock after purchasing an additional 14,101 shares during the quarter. American International Group Inc.’s holdings in Discovery Inc Series C were worth $4,445,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position 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 valued at $642,257,000 after buying an additional 569,516 shares in the last quarter. Paulson & CO. Inc. raised its position in shares of Discovery Inc Series C by 137.7% in the 2nd quarter. Paulson & CO. Inc. now owns 10,000,000 shares of the company’s stock valued at $255,000,000 after buying an additional 5,792,788 shares in the last quarter. Northern Trust Corp raised its position in shares of Discovery Inc Series C by 5.5% in the 2nd quarter. Northern Trust Corp now owns 3,746,246 shares of the company’s stock valued at $95,529,000 after buying an additional 195,954 shares in the last quarter. CQS Cayman LP raised its position 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 valued at $100,375,000 after buying an additional 682,655 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Discovery Inc Series C by 3.9% in the 2nd quarter. Sterling Capital Management LLC now owns 2,877,228 shares of the company’s stock valued at $73,369,000 after buying an additional 107,833 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub cut shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th. ValuEngine upgraded shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Friday. Finally, 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 report on Monday, October 29th.

Shares of NASDAQ:DISCK opened at $26.90 on Friday. The company has a market capitalization of $13.49 billion, a PE ratio of 12.01 and a beta of 1.20. 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 12 month low of $17.81 and a 12 month high of $31.55.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $2.59 billion during the quarter. Discovery Inc Series C had a negative net margin of 8.52% and a positive return on equity of 17.05%. As a group, research analysts expect that Discovery Inc Series C will post 2.85 EPS 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.

Further Reading: What are Institutional Investors?

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

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