American International Group Inc. Sells 5,810 Shares of Discovery, Inc. (NASDAQ:DISCK)

American International Group Inc. lowered its stake in Discovery, Inc. (NASDAQ:DISCK) by 5.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,113 shares of the company’s stock after selling 5,810 shares during the period. American International Group Inc.’s holdings in Discovery were worth $2,001,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Treasurer of the State of North Carolina increased its position in shares of Discovery by 10.8% in the third quarter. Treasurer of the State of North Carolina now owns 146,369 shares of the company’s stock worth $2,869,000 after purchasing an additional 14,230 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Discovery by 271.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 188,487 shares of the company’s stock valued at $3,694,000 after acquiring an additional 137,769 shares during the last quarter. Raymond James & Associates grew its position in Discovery by 1.3% in the third quarter. Raymond James & Associates now owns 1,037,502 shares of the company’s stock valued at $20,335,000 after acquiring an additional 13,171 shares during the last quarter. Mackay Shields LLC grew its position in Discovery by 6.2% in the third quarter. Mackay Shields LLC now owns 51,794 shares of the company’s stock valued at $1,015,000 after acquiring an additional 3,030 shares during the last quarter. Finally, Watchman Group Inc. grew its position in Discovery by 3.3% in the third quarter. Watchman Group Inc. now owns 89,374 shares of the company’s stock valued at $1,752,000 after acquiring an additional 2,818 shares during the last quarter. Institutional investors own 51.98% of the company’s stock.

A number of research analysts have issued reports on DISCK shares. ValuEngine cut Discovery from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 1st. TheStreet upgraded Discovery from a “c” rating to a “b-” rating in a research report on Thursday, November 5th. Finally, BidaskClub upgraded Discovery from a “sell” rating to a “hold” rating in a research report on Monday, November 2nd.

NASDAQ:DISCK opened at $22.89 on Friday. The stock has a market cap of $11.24 billion, a P/E ratio of 11.11 and a beta of 1.38. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average is $19.50 and its 200-day moving average is $19.66. Discovery, Inc. has a 1-year low of $15.43 and a 1-year high of $31.20.

Discovery (NASDAQ:DISCK) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.13. Discovery had a return on equity of 20.76% and a net margin of 13.36%.

Discovery Company Profile

Discovery, Inc operates as a media company in the United States and internationally. The company operates in 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, ID, 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 (NASDAQ:DISCK)

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