Discovery Inc Series C (NASDAQ:DISCK) shares saw an uptick in trading volume on Tuesday . 7,820,873 shares traded hands during trading, an increase of 216% from the previous session’s volume of 2,477,113 shares.The stock last traded at $30.03 and had previously closed at $29.81.
Several research firms have recently weighed in on DISCK. Zacks Investment Research cut shares of Exponent from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday.
The firm’s fifty day simple moving average is $27.66. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 14.23 and a beta of 1.37. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16.
A number of hedge funds and other institutional investors have recently bought and sold shares of DISCK. Cornerstone Advisors Inc. boosted its holdings in Discovery Inc Series C by 105.3% during the second quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock worth $25,000 after buying an additional 459 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of Discovery Inc Series C in the first quarter valued at approximately $39,000. Somerset Trust Co raised its position in shares of Discovery Inc Series C by 149.0% in the first quarter. Somerset Trust Co now owns 1,636 shares of the company’s stock valued at $42,000 after buying an additional 979 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Discovery Inc Series C in the first quarter valued at approximately $42,000. Finally, Legacy Bridge LLC acquired a new position in shares of Discovery Inc Series C in the first quarter valued at approximately $49,000. Institutional investors own 56.49% of the company’s stock.
Discovery Inc Series C Company Profile (NASDAQ:DISCK)
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.
See Also: Liquidity
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