Intrepid Capital Management Inc. lifted its position in Discovery Inc Series C (NASDAQ:DISCK) by 143.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 163,601 shares of the company’s stock after buying an additional 96,519 shares during the quarter. Discovery Inc Series C accounts for about 2.1% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Intrepid Capital Management Inc.’s holdings in Discovery Inc Series C were worth $4,654,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Advisors Inc. grew 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 buying an additional 459 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Discovery Inc Series C in the 1st quarter worth approximately $42,000. Resources Investment Advisors LLC. lifted its holdings in 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 worth $56,000 after purchasing an additional 700 shares during the last quarter. Financial Gravity Wealth Inc. lifted its holdings in 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 worth $61,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Discovery Inc Series C in the 2nd quarter worth approximately $90,000. 57.08% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on DISCK. BidaskClub lowered Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Zacks Investment Research lowered Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th.
DISCK opened at $26.61 on Friday. The business has a 50 day moving average price of $26.77 and a 200 day moving average price of $27.14. Discovery Inc Series C has a twelve month low of $21.99 and a twelve month high of $31.55. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $14.45 billion, a P/E ratio of 8.64 and a beta of 1.46.
Discovery Inc Series C (NASDAQ:DISCK) last posted its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.37). Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%. The company had revenue of $2.89 billion during the quarter.
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.
Featured Article: How dollar cost averaging works
Want to see what other hedge funds are holding DISCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Inc Series C (NASDAQ:DISCK).
Receive News & Ratings for Discovery Inc Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Inc Series C and related companies with MarketBeat.com's FREE daily email newsletter.