Discovery Inc Series C (DISCK) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Discovery Inc Series C (NASDAQ:DISCK) from a buy rating to a hold rating in a report released on Tuesday, BidAskClub reports.

Other analysts have also issued reports about the stock. TheStreet raised shares of Discovery Inc Series C from a c rating to a b rating in a research report on Tuesday, February 26th. Zacks Investment Research raised shares of Discovery Inc Series C from a sell rating to a hold rating in a research report on Thursday, February 28th.

NASDAQ:DISCK opened at $26.22 on Tuesday. Discovery Inc Series C has a 1-year low of $19.25 and a 1-year high of $31.55. The stock has a market capitalization of $13.76 billion, a P/E ratio of 12.43 and a beta of 1.34. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.45.

Discovery Inc Series C (NASDAQ:DISCK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $2.71 billion during the quarter. Analysts predict that Discovery Inc Series C will post 4.09 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its holdings in shares of Discovery Inc Series C by 2.1% during the first quarter. Crossmark Global Holdings Inc. now owns 21,012 shares of the company’s stock valued at $534,000 after acquiring an additional 430 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in shares of Discovery Inc Series C by 1.4% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 35,179 shares of the company’s stock valued at $811,000 after acquiring an additional 500 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Discovery Inc Series C by 0.9% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 54,772 shares of the company’s stock valued at $1,392,000 after acquiring an additional 504 shares in the last quarter. Securian Asset Management Inc increased its holdings in shares of Discovery Inc Series C by 1.4% during the first quarter. Securian Asset Management Inc now owns 36,825 shares of the company’s stock valued at $936,000 after acquiring an additional 507 shares in the last quarter. Finally, Mason Street Advisors LLC increased its holdings in shares of Discovery Inc Series C by 1.2% during the first quarter. Mason Street Advisors LLC now owns 51,422 shares of the company’s stock valued at $1,307,000 after acquiring an additional 632 shares in the last quarter. 59.86% of the stock is owned by institutional investors and hedge funds.

Discovery Inc Series C Company Profile

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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