Lenox Wealth Management Inc. Reduces Stock Position in Discovery Inc Series C (NASDAQ:DISCK)

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Lenox Wealth Management Inc. cut its stake in Discovery Inc Series C (NASDAQ:DISCK) by 30.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,944 shares of the company’s stock after selling 10,407 shares during the period. Lenox Wealth Management Inc.’s holdings in Discovery Inc Series C were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Tibra Equities Europe Ltd purchased a new stake in shares of Discovery Inc Series C in the third quarter valued at approximately $761,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Discovery Inc Series C by 15.1% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 128,793 shares of the company’s stock worth $3,171,000 after acquiring an additional 16,858 shares during the period. IFM Investors Pty Ltd grew its position in Discovery Inc Series C by 43.6% in the third quarter. IFM Investors Pty Ltd now owns 40,131 shares of the company’s stock worth $988,000 after acquiring an additional 12,192 shares during the period. Oppenheimer & Co. Inc. grew its position in Discovery Inc Series C by 6.4% in the third quarter. Oppenheimer & Co. Inc. now owns 165,730 shares of the company’s stock worth $4,080,000 after acquiring an additional 9,984 shares during the period. Finally, California Public Employees Retirement System grew its position in Discovery Inc Series C by 10.2% in the third quarter. California Public Employees Retirement System now owns 956,708 shares of the company’s stock worth $23,554,000 after acquiring an additional 88,916 shares during the period. Institutional investors and hedge funds own 56.76% of the company’s stock.

Shares of NASDAQ DISCK traded down $0.09 during mid-day trading on Friday, hitting $28.61. The company had a trading volume of 2,558,400 shares, compared to its average volume of 2,516,094. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. Discovery Inc Series C has a 1-year low of $21.99 and a 1-year high of $31.03. The business’s 50-day simple moving average is $25.49 and its 200 day simple moving average is $26.78. The company has a market capitalization of $14.05 billion, a PE ratio of 8.40 and a beta of 1.43.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. The firm had revenue of $2.68 billion during the quarter. Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%.

Several research analysts recently weighed in on DISCK shares. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. BidaskClub upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research lowered Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley lowered their price objective on Discovery Inc Series C from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Discovery Inc Series C currently has a consensus rating of “Hold” and an average target price of $30.00.

Discovery Inc Series C Company 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.

Further Reading: Oversold

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

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