KBC Group NV Has $5.87 Million Position in Discovery, Inc. (NASDAQ:DISCK)


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KBC Group NV lowered its holdings in Discovery, Inc. (NASDAQ:DISCK) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,040 shares of the company’s stock after selling 454 shares during the quarter. KBC Group NV’s holdings in Discovery were worth $5,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Veriti Management LLC purchased a new position in Discovery during the 4th quarter worth $30,000. Steward Partners Investment Advisory LLC boosted its holdings in Discovery by 761.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,163 shares of the company’s stock worth $30,000 after acquiring an additional 1,028 shares during the last quarter. Private Capital Group LLC boosted its holdings in Discovery by 74.2% during the 1st quarter. Private Capital Group LLC now owns 850 shares of the company’s stock worth $31,000 after acquiring an additional 362 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Discovery by 100.1% during the 4th quarter. Bessemer Group Inc. now owns 1,415 shares of the company’s stock worth $37,000 after acquiring an additional 708 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its holdings in Discovery by 76.7% during the 1st quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $39,000 after acquiring an additional 460 shares during the last quarter. 54.01% of the stock is owned by institutional investors and hedge funds.

In related news, Director Advance Long-Term Management T sold 11,000,000 shares of the business’s stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $42.15, for a total value of $463,650,000.00. Insiders own 4.97% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Discovery from a “hold” rating to a “sell” rating in a report on Wednesday, April 28th. Morgan Stanley cut their price target on shares of Discovery from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, TheStreet downgraded shares of Discovery from a “b” rating to a “c+” rating in a report on Wednesday, April 28th.

Shares of NASDAQ:DISCK opened at $31.38 on Tuesday. The company’s 50-day moving average is $40.86 and its 200 day moving average is $32.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $15.29 billion, a P/E ratio of 15.23 and a beta of 1.52. Discovery, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $66.70.

Discovery (NASDAQ:DISCK) last issued its quarterly earnings results on Sunday, February 21st. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.04. The company had revenue of $2.89 billion for the quarter. Discovery had a net margin of 13.36% and a return on equity of 20.76%. During the same period last year, the firm posted $0.98 earnings per share.

Discovery Company Profile

Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, HGTV, Food Network, TLC, Animal Planet, Investigation Discovery, Travel Channel, Science, MotorTrend, Discovery en Español, Discovery Familia, Eurosport, TVN, Discovery Kids, Discovery Family, American Heroes Channel, Destination America, Discovery Life, DIY Network, Cooking Channel, Great American Country, ID, the Oprah Winfrey Network, Eurosport, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for Discovery (NASDAQ:DISCK)

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