Stevens Capital Management LP Purchases 15,744 Shares of Discovery Inc Series C (DISCK)

Stevens Capital Management LP lifted its position in Discovery Inc Series C (NASDAQ:DISCK) by 72.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,343 shares of the company’s stock after acquiring an additional 15,744 shares during the quarter. Stevens Capital Management LP’s holdings in Discovery Inc Series C were worth $949,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DISCK. Standard Life Aberdeen plc raised its position in Discovery Inc Series C by 11.9% in the third 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 during the period. Morgan Stanley increased its stake in shares of Discovery Inc Series C by 10.1% in the third quarter. Morgan Stanley now owns 892,963 shares of the company’s stock worth $26,415,000 after purchasing an additional 81,764 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Discovery Inc Series C by 2.9% in the third quarter. Vanguard Group Inc now owns 34,110,873 shares of the company’s stock worth $1,008,999,000 after purchasing an additional 973,820 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Discovery Inc Series C by 2.6% in the fourth 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 in the last quarter. Finally, First Hawaiian Bank increased its stake in shares of Discovery Inc Series C by 523.5% in the fourth quarter. First Hawaiian Bank now owns 5,593 shares of the company’s stock worth $129,000 after purchasing an additional 4,696 shares in the last quarter. Hedge funds and other institutional investors own 59.86% of the company’s stock.

Several equities analysts recently commented on DISCK shares. TheStreet raised shares of Discovery Inc Series C from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. BidaskClub cut shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Zacks Investment Research raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th.

Shares of Discovery Inc Series C stock opened at $26.25 on Thursday. Discovery Inc Series C has a 1 year low of $19.25 and a 1 year high of $31.55. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 12.44 and a beta of 1.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16.

Discovery Inc Series C (NASDAQ:DISCK) last announced its earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. The business had revenue of $2.71 billion during the quarter. Equities research analysts predict that Discovery Inc Series C will post 4.09 earnings per share for the current fiscal year.

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About Discovery Inc Series C

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, 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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