Discovery Inc Series C (NASDAQ:DISCK) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 14,340,000 shares, a decrease of 5.8% from the July 31st total of 15,220,000 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 3,040,000 shares, the days-to-cover ratio is presently 4.7 days.
DISCK has been the subject of several research analyst reports. ValuEngine raised shares of Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. BidaskClub downgraded shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Finally, Zacks Investment Research downgraded shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th.
DISCK stock traded down $0.21 during trading on Friday, hitting $26.30. The company had a trading volume of 2,521,871 shares, compared to its average volume of 2,531,342. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 8.52 and a beta of 1.46. The business has a 50 day moving average of $26.71 and a 200 day moving average of $27.14. Discovery Inc Series C has a fifty-two week low of $21.99 and a fifty-two week 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.
Discovery Inc Series C (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.37). Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%. The business had revenue of $2.89 billion during the quarter.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Advisors Inc. lifted its holdings in Discovery Inc Series C by 105.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock valued at $25,000 after acquiring an additional 459 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Discovery Inc Series C in the 1st quarter valued at about $42,000. Resources Investment Advisors LLC. lifted its holdings in Discovery Inc Series C by 55.0% in the 2nd quarter. Resources Investment Advisors LLC. now owns 1,972 shares of the company’s stock valued at $56,000 after acquiring an additional 700 shares during the last quarter. Financial Gravity Wealth Inc. lifted its holdings in Discovery Inc Series C by 303.2% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,157 shares of the company’s stock valued at $61,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Discovery Inc Series C in the 2nd quarter valued at about $90,000. 57.08% of the stock is owned by institutional investors.
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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