Bank of New York Mellon Corp grew its stake in shares of Discovery Inc Series C (NASDAQ:DISCK) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,390,479 shares of the company’s stock after acquiring an additional 163,221 shares during the period. Bank of New York Mellon Corp owned about 0.46% of Discovery Inc Series C worth $60,958,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DISCK. Schwab Charles Investment Management Inc. raised its position in shares of Discovery Inc Series C by 11.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,070,332 shares of the company’s stock worth $52,794,000 after purchasing an additional 205,996 shares during the last quarter. FMR LLC raised its position in shares of Discovery Inc Series C by 571.6% during the 2nd quarter. FMR LLC now owns 1,536,595 shares of the company’s stock worth $39,184,000 after purchasing an additional 1,307,792 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Discovery Inc Series C by 30.0% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 135,728 shares of the company’s stock worth $3,461,000 after purchasing an additional 31,314 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Discovery Inc Series C by 1.2% during the 2nd quarter. Gabelli Funds LLC now owns 1,445,581 shares of the company’s stock worth $36,862,000 after purchasing an additional 17,600 shares during the last quarter. Finally, Mackay Shields LLC raised its position in shares of Discovery Inc Series C by 47.3% during the 2nd quarter. Mackay Shields LLC now owns 260,938 shares of the company’s stock worth $6,654,000 after purchasing an additional 83,736 shares during the last quarter. Institutional investors own 49.87% of the company’s stock.

DISCK has been the subject of several research reports. Zacks Investment Research upgraded Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, October 29th. ValuEngine upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Friday. Finally, BidaskClub upgraded Discovery Inc Series C from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 23rd.

DISCK stock traded down $0.09 during midday trading on Friday, hitting $26.90. The stock had a trading volume of 6,355,865 shares, compared to its average volume of 2,877,543. The stock has a market capitalization of $14.13 billion, a P/E ratio of 12.01 and a beta of 1.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.01 and a current ratio of 1.01. Discovery Inc Series C has a 12-month low of $17.81 and a 12-month high of $31.55.

Discovery Inc Series C (NASDAQ:DISCK) last released its earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). The firm had revenue of $2.59 billion during the quarter. Discovery Inc Series C had a positive return on equity of 17.05% and a negative net margin of 8.52%. Research analysts forecast that Discovery Inc Series C will post 2.85 earnings per share for the current fiscal year.

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Discovery Inc Series C Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, 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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