Discovery Inc Series C (NASDAQ:DISCK) is Hi Line Capital Management LLC’s 10th Largest Position

Hi Line Capital Management LLC increased its position in Discovery Inc Series C (NASDAQ:DISCK) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 270,289 shares of the company’s stock after buying an additional 2,010 shares during the period. Discovery Inc Series C comprises approximately 3.5% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Hi Line Capital Management LLC’s holdings in Discovery Inc Series C were worth $7,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. grew its position in Discovery Inc Series C by 2.1% during the 1st 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 period. Cornerstone Advisors Inc. grew its position in shares of Discovery Inc Series C by 105.3% during the 2nd 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 period. Nisa Investment Advisors LLC grew its position in shares of Discovery Inc Series C by 1.3% during the 2nd 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 period. Hartford Investment Management Co. grew its position in shares of Discovery Inc Series C by 1.2% during the 2nd 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 period. Finally, Northwestern Mutual Investment Management Company LLC grew its position in shares of Discovery Inc Series C by 0.9% during the 1st 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 period. Institutional investors own 57.08% of the company’s stock.

NASDAQ:DISCK opened at $26.61 on Friday. Discovery Inc Series C has a 52 week low of $21.99 and a 52 week high of $31.55. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $14.45 billion, a PE ratio of 8.64 and a beta of 1.46. The stock’s 50-day moving average price is $26.77 and its 200-day moving average price is $27.14.

Discovery Inc Series C (NASDAQ:DISCK) last posted its earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.37). Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%. The business had revenue of $2.89 billion for the quarter.

A number of equities research analysts have recently commented on DISCK shares. BidaskClub cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th.

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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