Morgan Stanley Acquires 224,392 Shares of Discovery Inc Series C (NASDAQ:DISCK)

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Morgan Stanley lifted its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,218,278 shares of the company’s stock after purchasing an additional 224,392 shares during the period. Morgan Stanley owned about 0.23% of Discovery Inc Series C worth $21,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its stake in shares of Discovery Inc Series C by 150.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 949 shares of the company’s stock worth $29,000 after purchasing an additional 570 shares in the last quarter. Federated Hermes Inc. grew its holdings in Discovery Inc Series C by 5.7% during the 1st quarter. Federated Hermes Inc. now owns 12,807 shares of the company’s stock valued at $225,000 after buying an additional 686 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Discovery Inc Series C by 0.9% during the first quarter. Mutual of America Capital Management LLC now owns 96,485 shares of the company’s stock valued at $1,692,000 after buying an additional 840 shares during the period. Bank of Hawaii lifted its holdings in shares of Discovery Inc Series C by 5.5% in the fourth quarter. Bank of Hawaii now owns 18,511 shares of the company’s stock worth $564,000 after buying an additional 965 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of Discovery Inc Series C by 0.9% in the first quarter. American International Group Inc. now owns 114,128 shares of the company’s stock valued at $2,002,000 after acquiring an additional 978 shares during the period. Institutional investors own 52.77% of the company’s stock.

Shares of NASDAQ:DISCK opened at $19.26 on Wednesday. The firm has a fifty day moving average of $19.72 and a 200 day moving average of $23.63. Discovery Inc Series C has a 52-week low of $15.43 and a 52-week high of $31.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $10.08 billion, a PE ratio of 5.23 and a beta of 1.50.

Discovery Inc Series C (NASDAQ:DISCK) last released its earnings results on Wednesday, May 6th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. Discovery Inc Series C had a return on equity of 23.40% and a net margin of 18.54%. The company had revenue of $2.68 billion during the quarter. During the same quarter in the previous year, the firm earned $0.87 EPS.

A number of research firms recently weighed in on DISCK. BidaskClub lowered shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Friday, April 24th. ValuEngine downgraded Discovery Inc Series C from a “sell” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, Morgan Stanley lowered their price target on Discovery Inc Series C from $32.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th.

About Discovery Inc Series C

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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Institutional Ownership by Quarter for Discovery Inc Series C (NASDAQ:DISCK)

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