Discovery Inc Series C (NASDAQ:DISCK) Shares Sold by Lenox Wealth Management Inc.

Lenox Wealth Management Inc. lowered its position in Discovery Inc Series C (NASDAQ:DISCK) by 30.3% during the third quarter, according to its most recent 13F filing 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 quarter. Lenox Wealth Management Inc.’s holdings in Discovery Inc Series C were worth $589,000 at the end of the most recent quarter.

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Other hedge funds have also recently modified their holdings of the company. Cornerstone Advisors Inc. raised its stake in shares of 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 purchasing an additional 459 shares in the last quarter. Resources Investment Advisors LLC. raised its stake in shares of 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 purchasing an additional 700 shares in the last quarter. Financial Gravity Wealth Inc. raised its stake in shares of 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 purchasing an additional 1,622 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Discovery Inc Series C in the 2nd quarter valued at about $90,000. Finally, Whittier Trust Co. raised its stake in shares of Discovery Inc Series C by 742.1% in the 3rd quarter. Whittier Trust Co. now owns 4,059 shares of the company’s stock valued at $100,000 after purchasing an additional 3,577 shares in the last quarter. Hedge funds and other institutional investors own 56.76% of the company’s stock.

DISCK has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded shares of Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 8th. Zacks Investment Research downgraded shares of 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 shares of 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 analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Discovery Inc Series C has an average rating of “Hold” and an average target price of $30.00.

Shares of NASDAQ:DISCK traded down $0.09 during trading on Friday, reaching $28.61. 2,558,400 shares of the company’s stock traded hands, compared to its average volume of 2,516,094. Discovery Inc Series C has a 12 month low of $21.99 and a 12 month high of $31.03. The stock has a market capitalization of $14.05 billion, a P/E ratio of 8.40 and a beta of 1.43. The company has a 50 day moving average of $25.49 and a 200-day moving average of $26.78. 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 (NASDAQ:DISCK) last released its earnings results on Thursday, November 7th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%. The business had revenue of $2.68 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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