The Manufacturers Life Insurance Company grew its position in shares of Discovery Inc Series C (NASDAQ:DISCK) by 20.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,696 shares of the company’s stock after buying an additional 64,124 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Discovery Inc Series C worth $6,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its holdings in shares of Discovery Inc Series C by 5.7% during the 1st quarter. Federated Hermes Inc. now owns 12,807 shares of the company’s stock valued at $225,000 after buying an additional 686 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Discovery Inc Series C by 0.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 96,485 shares of the company’s stock valued at $1,692,000 after buying an additional 840 shares during the period. Bank of Hawaii lifted its holdings in shares of Discovery Inc Series C by 5.5% during the 4th quarter. Bank of Hawaii now owns 18,511 shares of the company’s stock valued at $564,000 after buying an additional 965 shares during the period. American International Group Inc. lifted its holdings in shares of Discovery Inc Series C by 0.9% during the 1st quarter. American International Group Inc. now owns 114,128 shares of the company’s stock valued at $2,002,000 after buying an additional 978 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Discovery Inc Series C by 52.2% during the 1st quarter. Signaturefd LLC now owns 2,893 shares of the company’s stock valued at $51,000 after buying an additional 992 shares during the period. 52.77% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on DISCK. ValuEngine raised Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday. Morgan Stanley decreased their target price on Discovery Inc Series C from $32.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. Finally, BidaskClub cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Friday, April 24th.

Shares of Discovery Inc Series C stock opened at $18.93 on Friday. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 5.12 and a beta of 1.50. The business has a 50-day moving average price of $19.79 and a 200-day moving average price of $23.46. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.39. Discovery Inc Series C has a twelve month low of $15.43 and a twelve month high of $31.20.

Discovery Inc Series C (NASDAQ:DISCK) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.03. The firm had revenue of $2.68 billion during the quarter. Discovery Inc Series C had a return on equity of 23.40% and a net margin of 18.54%. During the same quarter in the previous year, the business earned $0.87 EPS.

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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