Shelter Mutual Insurance Co Reduces Stake in Discovery Inc Series C (NASDAQ:DISCK)

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Shelter Mutual Insurance Co reduced its position in Discovery Inc Series C (NASDAQ:DISCK) by 8.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,070 shares of the company’s stock after selling 12,330 shares during the period. Shelter Mutual Insurance Co’s holdings in Discovery Inc Series C were worth $3,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Discovery Inc Series C by 2.1% during the first quarter. Crossmark Global Holdings Inc. now owns 21,012 shares of the company’s stock worth $534,000 after purchasing an additional 430 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in Discovery Inc Series C by 105.3% in the second 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. Nisa Investment Advisors LLC boosted its holdings in Discovery Inc Series C by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 35,941 shares of the company’s stock valued at $1,023,000 after acquiring an additional 470 shares during the last quarter. Hartford Investment Management Co. boosted its holdings in Discovery Inc Series C by 1.2% in the second quarter. Hartford Investment Management Co. now owns 39,693 shares of the company’s stock valued at $1,129,000 after acquiring an additional 475 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in Discovery Inc Series C by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 54,772 shares of the company’s stock valued at $1,392,000 after acquiring an additional 504 shares during the last quarter. 57.60% of the stock is owned by hedge funds and other institutional investors.

DISCK has been the topic of a number of research analyst reports. Zacks Investment Research cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Finally, BidaskClub cut Discovery Inc Series C from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of NASDAQ DISCK traded down $0.39 during midday trading on Thursday, reaching $25.13. 172,892 shares of the company’s stock were exchanged, compared to its average volume of 3,096,693. Discovery Inc Series C has a 52-week low of $21.99 and a 52-week high of $31.55. The company has a market capitalization of $14.22 billion, a PE ratio of 11.91 and a beta of 1.43. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s fifty day moving average price is $28.40.

Discovery Inc Series C (NASDAQ:DISCK) last announced 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 business had revenue of $2.89 billion for the quarter. As a group, analysts expect that Discovery Inc Series C will post 4.03 EPS for the current year.

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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