Discovery Inc Series C (DISCK) Holdings Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Discovery Inc Series C (NASDAQ:DISCK) by 63.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,379 shares of the company’s stock after selling 402,869 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Discovery Inc Series C were worth $6,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Westpac Banking Corp raised its holdings in shares of Discovery Inc Series C by 12.5% during the third quarter. Westpac Banking Corp now owns 16,216 shares of the company’s stock worth $480,000 after purchasing an additional 1,796 shares during the last quarter. Shell Asset Management Co. raised its holdings in shares of Discovery Inc Series C by 16.4% during the third quarter. Shell Asset Management Co. now owns 24,262 shares of the company’s stock worth $718,000 after purchasing an additional 3,424 shares during the last quarter. Credit Suisse AG raised its holdings in shares of Discovery Inc Series C by 6.1% during the third quarter. Credit Suisse AG now owns 457,176 shares of the company’s stock worth $13,523,000 after purchasing an additional 26,244 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Discovery Inc Series C by 27.9% during the third quarter. Canada Pension Plan Investment Board now owns 233,993 shares of the company’s stock worth $6,922,000 after purchasing an additional 51,017 shares during the last quarter. Finally, Oak Grove Capital LLC raised its holdings in shares of Discovery Inc Series C by 62.4% during the third quarter. Oak Grove Capital LLC now owns 102,175 shares of the company’s stock worth $3,022,000 after purchasing an additional 39,275 shares during the last quarter. Institutional investors own 49.87% of the company’s stock.

DISCK opened at $26.90 on Friday. Discovery Inc Series C has a fifty-two week low of $17.81 and a fifty-two week high of $31.55. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 12.01 and a beta of 1.20.

Discovery Inc Series C (NASDAQ:DISCK) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Discovery Inc Series C had a negative net margin of 8.52% and a positive return on equity of 17.05%. The firm had revenue of $2.59 billion during the quarter. As a group, equities analysts anticipate that Discovery Inc Series C will post 2.85 EPS for the current year.

DISCK has been the subject of a number of recent analyst reports. Zacks Investment Research raised 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 report on Monday, October 29th. BidaskClub raised shares of Discovery Inc Series C from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 23rd. Finally, ValuEngine raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Friday.

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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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