Shelter Mutual Insurance Co Has $3.67 Million Position in Discovery Inc Series C (NASDAQ:DISCK)

Shelter Mutual Insurance Co lowered its stake in shares of Discovery Inc Series C (NASDAQ:DISCK) by 8.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 129,070 shares of the company’s stock after selling 12,330 shares during the period. Shelter Mutual Insurance Co’s holdings in Discovery Inc Series C were worth $3,672,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cleararc Capital Inc. bought a new position in Discovery Inc Series C in the first quarter valued at approximately $222,000. RNC Capital Management LLC increased its stake in Discovery Inc Series C by 18.2% in the 1st quarter. RNC Capital Management LLC now owns 98,162 shares of the company’s stock valued at $2,495,000 after buying an additional 15,140 shares during the last quarter. Tyers Asset Management LLC increased its stake in Discovery Inc Series C by 84.0% in the 1st quarter. Tyers Asset Management LLC now owns 212,624 shares of the company’s stock valued at $5,405,000 after buying an additional 97,056 shares during the last quarter. Raymond James & Associates increased its stake in Discovery Inc Series C by 11.4% in the 1st quarter. Raymond James & Associates now owns 725,388 shares of the company’s stock valued at $18,439,000 after buying an additional 74,503 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in Discovery Inc Series C by 3.7% in the 1st quarter. Norinchukin Bank The now owns 68,409 shares of the company’s stock valued at $1,739,000 after buying an additional 2,416 shares during the last quarter. 57.60% of the stock is owned by institutional investors and hedge funds.

DISCK has been the topic of several recent research reports. Zacks Investment Research lowered shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. BidaskClub lowered shares of Discovery Inc Series C from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, ValuEngine upgraded shares of Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 8th.

DISCK stock traded down $0.39 during midday trading on Thursday, hitting $25.13. The company’s stock had a trading volume of 172,892 shares, compared to its average volume of 3,096,693. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Inc Series C has a twelve month low of $21.99 and a twelve month high of $31.55. The business has a fifty day moving average price of $28.40. The firm has a market cap of $14.22 billion, a PE ratio of 11.91 and a beta of 1.43.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.89 billion during the quarter. As a group, equities research analysts forecast that Discovery Inc Series C will post 4.03 earnings per share for the current fiscal year.

Discovery Inc Series C Profile

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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