Discovery Inc Series C (NASDAQ:DISCK) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 14,340,000 shares, a decrease of 5.8% from the July 31st total of 15,220,000 shares. Based on an average daily volume of 3,040,000 shares, the short-interest ratio is presently 4.7 days. Approximately 4.1% of the shares of the company are short sold.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. BidaskClub cut shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Finally, Zacks Investment Research cut shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th.
A number of institutional investors have recently added to or reduced their stakes in DISCK. JPMorgan Chase & Co. increased its stake in Discovery Inc Series C by 73.0% during the 1st quarter. JPMorgan Chase & Co. now owns 13,156,078 shares of the company’s stock valued at $334,428,000 after buying an additional 5,551,544 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Discovery Inc Series C by 1,011.1% in the second 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. boosted its holdings in shares of Discovery Inc Series C by 764.8% in the second 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. Nuveen Asset Management LLC boosted its holdings in shares of Discovery Inc Series C by 19,346.1% in the second quarter. Nuveen Asset Management LLC now owns 1,734,207 shares of the company’s stock worth $49,339,000 after buying an additional 1,725,289 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Discovery Inc Series C in the second quarter worth about $42,675,000. 57.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DISCK stock traded down $0.21 during trading hours on Monday, reaching $26.09. The stock had a trading volume of 107,807 shares, compared to its average volume of 2,531,342. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. Discovery Inc Series C has a twelve month low of $21.99 and a twelve month high of $31.55. The firm has a 50-day simple moving average of $26.71 and a 200-day simple moving average of $27.14. The firm has a market capitalization of $14.25 billion, a PE ratio of 8.52 and a beta of 1.46.
Discovery Inc Series C (NASDAQ:DISCK) last released its earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.37). The company had revenue of $2.89 billion for the quarter. Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%.
Discovery Inc Series C Company Profile
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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