Discovery, Inc. (NASDAQ:DISCK) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in Discovery, Inc. (NASDAQ:DISCK) by 20.9% in the second quarter, HoldingsChannel.com reports. The firm owned 30,595 shares of the company’s stock after selling 8,097 shares during the quarter. Russell Investments Group Ltd.’s holdings in Discovery were worth $885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DISCK. Fifth Third Bancorp raised its holdings in shares of Discovery by 11.8% during the first quarter. Fifth Third Bancorp now owns 3,636 shares of the company’s stock valued at $134,000 after acquiring an additional 384 shares during the last quarter. Berman Capital Advisors LLC increased its holdings in shares of Discovery by 56.3% in the first quarter. Berman Capital Advisors LLC now owns 1,352 shares of the company’s stock valued at $49,000 after purchasing an additional 487 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Discovery by 1.2% in the second quarter. Victory Capital Management Inc. now owns 44,746 shares of the company’s stock valued at $1,297,000 after purchasing an additional 539 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Discovery by 0.9% in the second quarter. Handelsbanken Fonder AB now owns 71,013 shares of the company’s stock valued at $2,058,000 after purchasing an additional 656 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Discovery by 21.7% in the first quarter. Advisors Asset Management Inc. now owns 3,891 shares of the company’s stock valued at $144,000 after purchasing an additional 694 shares during the last quarter. 54.84% of the stock is owned by institutional investors.

Separately, Morgan Stanley cut their price target on Discovery from $39.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, August 3rd.

Shares of Discovery stock opened at $25.02 on Tuesday. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 12.03 and a beta of 1.40. Discovery, Inc. has a fifty-two week low of $17.34 and a fifty-two week high of $66.70. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a 50 day moving average of $26.86 and a 200 day moving average of $32.55.

Discovery Profile

Discovery, Inc is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks and International Networks. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science.

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Institutional Ownership by Quarter for Discovery (NASDAQ:DISCK)

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