Discovery Inc Series C (NASDAQ:DISCK)’s stock price fell 6.3% during trading on Wednesday . The company traded as low as $25.41 and last traded at $25.62, 2,267,570 shares changed hands during trading. A decline of 10% from the average session volume of 2,523,045 shares. The stock had previously closed at $27.35.
A number of brokerages have commented on DISCK. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Zacks Investment Research cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Finally, BidaskClub cut Discovery Inc Series C from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.
The firm has a market capitalization of $14.30 billion, a P/E ratio of 12.14 and a beta of 1.43. The company has a 50 day simple moving average of $28.40. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32.
Discovery Inc Series C (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.37). Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%. The business had revenue of $2.89 billion for the quarter. On average, research analysts predict that Discovery Inc Series C will post 4.03 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Discovery Inc Series C by 73.0% in the 1st quarter. JPMorgan Chase & Co. now owns 13,156,078 shares of the company’s stock worth $334,428,000 after buying an additional 5,551,544 shares during the period. Wells Fargo & Company MN raised its position in shares of Discovery Inc Series C by 1,011.1% in the 2nd quarter. Wells Fargo & Company MN now owns 5,561,179 shares of the company’s stock worth $158,216,000 after buying an additional 5,060,685 shares during the period. Prudential Financial Inc. raised its position in shares of Discovery Inc Series C by 764.8% in the 2nd quarter. Prudential Financial Inc. now owns 4,706,539 shares of the company’s stock worth $133,901,000 after buying an additional 4,162,274 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Discovery Inc Series C in the 2nd quarter worth $42,675,000. Finally, Vanguard Group Inc. raised its position in shares of Discovery Inc Series C by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 37,405,007 shares of the company’s stock worth $1,064,172,000 after buying an additional 1,458,903 shares during the period. 57.60% of the stock is currently owned by institutional investors.
About Discovery Inc Series C (NASDAQ:DISCK)
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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