Discovery Inc Series C (DISCK) Reaches New 52-Week High at $31.55

Discovery Inc Series C (NASDAQ:DISCK) shares reached a new 52-week high during trading on Thursday . The company traded as high as $31.55 and last traded at $30.95, with a volume of 196337 shares trading hands. The stock had previously closed at $29.85.

Several brokerages have commented on DISCK. Zacks Investment Research raised Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, October 29th. BidaskClub raised Discovery Inc Series C from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 23rd. Finally, ValuEngine raised Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th.

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $15.59 billion, a P/E ratio of 13.26 and a beta of 1.19.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). The business had revenue of $2.59 billion for the quarter. Discovery Inc Series C had a positive return on equity of 17.68% and a negative net margin of 8.28%. As a group, equities research analysts anticipate that Discovery Inc Series C will post 2.85 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Discovery Inc Series C by 11.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,070,332 shares of the company’s stock worth $52,794,000 after purchasing an additional 205,996 shares during the last quarter. FMR LLC boosted its holdings in Discovery Inc Series C by 571.6% in the second quarter. FMR LLC now owns 1,536,595 shares of the company’s stock valued at $39,184,000 after acquiring an additional 1,307,792 shares during the last quarter. Glen Harbor Capital Management LLC boosted its holdings in Discovery Inc Series C by 30.0% in the second quarter. Glen Harbor Capital Management LLC now owns 135,728 shares of the company’s stock valued at $3,461,000 after acquiring an additional 31,314 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Discovery Inc Series C by 1.2% in the second quarter. Gabelli Funds LLC now owns 1,445,581 shares of the company’s stock valued at $36,862,000 after acquiring an additional 17,600 shares during the last quarter. Finally, Mackay Shields LLC boosted its holdings in Discovery Inc Series C by 47.3% in the second quarter. Mackay Shields LLC now owns 260,938 shares of the company’s stock valued at $6,654,000 after acquiring an additional 83,736 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.

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About Discovery Inc Series C (NASDAQ:DISCK)

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.

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