Discovery Sees Unusually Large Options Volume (NASDAQ:DISCK)
Discovery, Inc. (NASDAQ:DISCK) saw some unusual options trading on Wednesday. Stock traders bought 5,117 call options on the company. This represents an increase of approximately 1,474% compared to the typical volume of 325 call options.
DISCK has been the subject of a number of research analyst reports. ValuEngine cut Discovery from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 6th. Morgan Stanley raised their target price on Discovery from $22.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 1st. TheStreet upgraded Discovery from a “c” rating to a “b-” rating in a research note on Thursday, November 5th. Finally, BidaskClub raised Discovery from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 9th.
DISCK stock opened at $31.75 on Thursday. Discovery has a twelve month low of $15.43 and a twelve month high of $31.84. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.29. The firm has a market cap of $15.59 billion, a PE ratio of 15.41 and a beta of 1.53. The business has a 50 day moving average of $26.00 and a 200 day moving average of $21.32.
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Discovery by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 18,718,504 shares of the company’s stock worth $364,449,000 after acquiring an additional 1,250,313 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Discovery by 33.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,069,552 shares of the company’s stock worth $40,564,000 after purchasing an additional 521,252 shares during the last quarter. DLD Asset Management LP boosted its position in Discovery by 114.4% in the third quarter. DLD Asset Management LP now owns 861,988 shares of the company’s stock worth $16,895,000 after purchasing an additional 459,929 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Discovery during the 3rd quarter valued at about $7,227,000. Finally, Sei Investments Co. lifted its position in shares of Discovery by 1,150.3% during the 3rd quarter. Sei Investments Co. now owns 314,917 shares of the company’s stock valued at $6,050,000 after buying an additional 289,729 shares in the last quarter. 51.98% of the stock is owned by institutional investors.
Discovery Company Profile
Discovery, Inc operates as a media company in the United States and internationally. The company operates in 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, ID, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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