Bank of Montreal Can Boosts Holdings in Discovery Inc Series C (DISCK)

Bank of Montreal Can raised its holdings in shares of Discovery Inc Series C (NASDAQ:DISCK) by 37.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 252,807 shares of the company’s stock after purchasing an additional 69,010 shares during the period. Bank of Montreal Can’s holdings in Discovery Inc Series C were worth $7,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in Discovery Inc Series C during the 2nd quarter worth approximately $102,000. NEXT Financial Group Inc purchased a new stake in Discovery Inc Series C during the 3rd quarter worth approximately $106,000. Trust Co. of Vermont grew its position in Discovery Inc Series C by 638.6% during the 2nd quarter. Trust Co. of Vermont now owns 6,352 shares of the company’s stock worth $162,000 after purchasing an additional 5,492 shares during the last quarter. Qube Research & Technologies Ltd grew its position in Discovery Inc Series C by 51.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 6,625 shares of the company’s stock worth $169,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Discovery Inc Series C during the 2nd quarter worth approximately $203,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ DISCK opened at $27.59 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.84. Discovery Inc Series C has a 12 month low of $14.99 and a 12 month high of $31.39. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 12.32 and a beta of 1.35.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). Discovery Inc Series C had a negative net margin of 8.28% and a positive return on equity of 17.68%. The business had revenue of $2.85 billion for the quarter. As a group, equities research analysts forecast that Discovery Inc Series C will post 2.85 earnings per share for the current year.

Several research firms have weighed in on DISCK. ValuEngine raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. BidaskClub downgraded shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research raised shares of Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Monday.

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.

Further Reading: Yield Curve

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

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