28,000 Shares in Discovery, Inc. (NASDAQ:DISCA) Acquired by Hound Partners LLC

Hound Partners LLC bought a new position in shares of Discovery, Inc. (NASDAQ:DISCA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,000 shares of the company’s stock, valued at approximately $1,217,000.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in Discovery by 6.1% during the first quarter. Public Employees Retirement System of Ohio now owns 96,636 shares of the company’s stock worth $4,200,000 after buying an additional 5,587 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Discovery in the 1st quarter valued at approximately $1,274,000. M&R Capital Management Inc. lifted its position in shares of Discovery by 6.8% in the 1st quarter. M&R Capital Management Inc. now owns 153,954 shares of the company’s stock valued at $6,690,000 after acquiring an additional 9,808 shares in the last quarter. CWM Advisors LLC lifted its position in shares of Discovery by 37.3% in the 1st quarter. CWM Advisors LLC now owns 36,504 shares of the company’s stock valued at $1,586,000 after acquiring an additional 9,915 shares in the last quarter. Finally, Patton Fund Management Inc. purchased a new stake in shares of Discovery in the 1st quarter valued at approximately $1,297,000. Hedge funds and other institutional investors own 40.56% of the company’s stock.

NASDAQ:DISCA traded down $0.82 during midday trading on Thursday, reaching $27.97. The stock had a trading volume of 147,153 shares, compared to its average volume of 5,366,519. Discovery, Inc. has a 1-year low of $19.07 and a 1-year high of $78.14. The business has a fifty day moving average price of $30.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market capitalization of $14.13 billion, a PE ratio of 19.59, a P/E/G ratio of 1.42 and a beta of 1.36.

Discovery (NASDAQ:DISCA) last posted its earnings results on Wednesday, April 28th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.40). The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.77 billion. Discovery had a net margin of 9.11% and a return on equity of 14.44%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. As a group, equities research analysts expect that Discovery, Inc. will post 1.78 EPS for the current year.

In other Discovery news, Director John C. Malone sold 124,839 shares of the firm’s stock in a transaction on Thursday, June 3rd. The shares were sold at an average price of $29.68, for a total value of $3,705,221.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John C. Malone sold 6,768 shares of the firm’s stock in a transaction on Monday, June 21st. The stock was sold at an average price of $29.15, for a total transaction of $197,287.20. Following the completion of the sale, the director now owns 244,605 shares in the company, valued at $7,130,235.75. The disclosure for this sale can be found here. Insiders sold a total of 131,627 shares of company stock worth $3,903,885 over the last 90 days. Company insiders own 5.57% of the company’s stock.

Several equities research analysts recently commented on DISCA shares. upgraded shares of Discovery from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $44.00 in a research report on Monday, May 17th. Wells Fargo & Company upgraded shares of Discovery from an “equal weight” rating to an “overweight” rating and set a $59.00 price target for the company in a research report on Wednesday, April 28th. They noted that the move was a valuation call. Moffett Nathanson downgraded shares of Discovery from a “buy” rating to a “neutral” rating and reduced their price target for the company from $51.00 to $37.00 in a research report on Monday, May 24th. Zacks Investment Research upgraded shares of Discovery from a “sell” rating to a “hold” rating and set a $41.00 target price for the company in a research report on Tuesday, April 27th. Finally, TheStreet downgraded shares of Discovery from a “b” rating to a “c+” rating in a research report on Wednesday, April 28th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.44.

Discovery Profile

Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, HGTV, Food Network, TLC, Animal Planet, Investigation Discovery, Travel Channel, Science, MotorTrend, Discovery en Español, Discovery Familia, Eurosport, TVN, Discovery Kids, Discovery Family, American Heroes Channel, Destination America, Discovery Life, DIY Network, Cooking Channel, Great American Country, ID, the Oprah Winfrey Network, Eurosport, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for Discovery (NASDAQ:DISCA)

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