Laurion Capital Management LP acquired a new stake in shares of Discovery Inc Series C (NASDAQ:DISCK) during the first quarter, Holdings Channel reports. The firm acquired 69,330 shares of the company’s stock, valued at approximately $1,762,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Discovery Inc Series C during the 4th quarter worth $26,000. Baldwin Brothers Inc. MA acquired a new position in Discovery Inc Series C during the 4th quarter worth $32,000. Daiwa SB Investments Ltd. acquired a new position in Discovery Inc Series C during the 1st quarter worth $39,000. Somerset Trust Co lifted its holdings in Discovery Inc Series C by 149.0% during the 1st quarter. Somerset Trust Co now owns 1,636 shares of the company’s stock worth $42,000 after buying an additional 979 shares in the last quarter. Finally, Legacy Bridge LLC acquired a new position in Discovery Inc Series C during the 1st quarter worth $49,000. 59.86% of the stock is currently owned by institutional investors.

Several analysts have commented on DISCK shares. BidaskClub cut shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. TheStreet upgraded shares of Discovery Inc Series C from a “c” rating to a “b” rating in a research report on Tuesday, February 26th. Finally, Zacks Investment Research cut shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Monday, February 18th.

Shares of Discovery Inc Series C stock opened at $26.34 on Wednesday. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 12.48 and a beta of 1.34. Discovery Inc Series C has a 52 week low of $19.25 and a 52 week high of $31.55. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $2.71 billion during the quarter. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. As a group, sell-side analysts forecast that Discovery Inc Series C will post 4.09 EPS for the current year.

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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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