CIBC Private Wealth Group LLC Has $2.62 Million Holdings in Discovery Inc Series C (NASDAQ:DISCK)

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CIBC Private Wealth Group LLC lifted its stake in shares of Discovery Inc Series C (NASDAQ:DISCK) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,382 shares of the company’s stock after buying an additional 11,955 shares during the period. CIBC Private Wealth Group LLC’s holdings in Discovery Inc Series C were worth $2,619,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Discovery Inc Series C by 2.0% during the 1st quarter. FMR LLC now owns 1,788,500 shares of the company’s stock worth $45,463,000 after acquiring an additional 34,993 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Discovery Inc Series C by 128.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 409,927 shares of the company’s stock valued at $10,421,000 after purchasing an additional 230,750 shares during the period. DNB Asset Management AS boosted its stake in Discovery Inc Series C by 42.1% during the 2nd quarter. DNB Asset Management AS now owns 115,450 shares of the company’s stock valued at $3,285,000 after purchasing an additional 34,200 shares during the period. O Keefe Stevens Advisory Inc. boosted its stake in Discovery Inc Series C by 2.9% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 229,615 shares of the company’s stock valued at $6,533,000 after purchasing an additional 6,365 shares during the period. Finally, PM CAPITAL Ltd bought a new stake in Discovery Inc Series C during the 2nd quarter valued at approximately $6,937,000. Institutional investors own 57.10% of the company’s stock.

Several brokerages recently weighed in on DISCK. Zacks Investment Research downgraded Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, BidaskClub upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Shares of DISCK opened at $25.90 on Monday. Discovery Inc Series C has a 1 year low of $21.99 and a 1 year high of $31.55. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $25.49 and a 200-day simple moving average of $26.93. The stock has a market cap of $13.97 billion, a PE ratio of 8.35 and a beta of 1.41.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.37). Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%. The company had revenue of $2.89 billion during the quarter.

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

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