BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $2.39 Million Holdings in Discovery Inc Series C (DISCK)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Discovery Inc Series C (NASDAQ:DISCK) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,596 shares of the company’s stock after selling 16,713 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Discovery Inc Series C were worth $2,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Standard Life Aberdeen plc grew its holdings 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 purchasing an additional 11,555 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Discovery Inc Series C during the 4th quarter worth $1,109,000. Wells Fargo & Company MN grew its holdings in shares of Discovery Inc Series C by 18.9% during the 3rd quarter. Wells Fargo & Company MN now owns 728,773 shares of the company’s stock worth $21,557,000 after purchasing an additional 115,653 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Discovery Inc Series C during the 4th quarter worth $30,934,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Discovery Inc Series C by 2.6% during the 4th quarter. State of Alaska Department of Revenue now owns 54,789 shares of the company’s stock worth $1,264,000 after purchasing an additional 1,366 shares during the period. Institutional investors and hedge funds own 57.82% of the company’s stock.

DISCK opened at $25.90 on Friday. Discovery Inc Series C has a 12-month low of $19.08 and a 12-month high of $31.55. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.50. The stock has a market cap of $14.11 billion, a P/E ratio of 12.27 and a beta of 1.31.

Discovery Inc Series C (NASDAQ:DISCK) last posted its earnings results on Tuesday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.05). Discovery Inc Series C had a return on equity of 17.30% and a net margin of 5.63%. Equities analysts forecast that Discovery Inc Series C will post 3.74 earnings per share for the current year.

A number of research firms have recently weighed in on DISCK. Zacks Investment Research cut Discovery Inc Series C from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. BidaskClub cut Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a report on Thursday. TheStreet upgraded Discovery Inc Series C from a “c” rating to a “b” rating in a report on Tuesday, February 26th. Finally, ValuEngine upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a report on Friday, December 7th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Discovery Inc Series C presently has an average rating of “Hold” and an average target price of $30.00.

COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2019/03/17/british-columbia-investment-management-corp-has-2-39-million-holdings-in-discovery-inc-series-c-disck.html.

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.

Read More: What is Call Option Volume?

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

Receive News & Ratings for Discovery Inc Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Inc Series C and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply