Pacer Advisors Inc. Boosts Stake in Discovery Inc Series C (NASDAQ:DISCK)

Pacer Advisors Inc. raised its position in Discovery Inc Series C (NASDAQ:DISCK) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,690 shares of the company’s stock after purchasing an additional 3,674 shares during the quarter. Pacer Advisors Inc.’s holdings in Discovery Inc Series C were worth $928,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its position in Discovery Inc Series C by 105.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock worth $25,000 after purchasing an additional 459 shares during the period. Resources Investment Advisors LLC. increased its position in shares of Discovery Inc Series C by 55.0% during the second quarter. Resources Investment Advisors LLC. now owns 1,972 shares of the company’s stock worth $56,000 after acquiring an additional 700 shares during the period. Financial Gravity Wealth Inc. increased its position in shares of Discovery Inc Series C by 303.2% during the second quarter. Financial Gravity Wealth Inc. now owns 2,157 shares of the company’s stock worth $61,000 after acquiring an additional 1,622 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Discovery Inc Series C during the second quarter worth approximately $90,000. Finally, Ossiam purchased a new position in shares of Discovery Inc Series C during the second quarter worth approximately $128,000. 57.10% of the stock is currently owned by institutional investors.

Shares of NASDAQ:DISCK opened at $25.90 on Friday. The firm has a market cap of $13.97 billion, a PE ratio of 8.35 and a beta of 1.41. The firm’s 50 day simple moving average is $25.49 and its 200-day simple moving average is $26.93. Discovery Inc Series C has a one year low of $21.99 and a one year high of $31.55. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.37). The company had revenue of $2.89 billion for the quarter. Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Finally, BidaskClub raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

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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