1 week Ago By ABMN Staff
Foundry Partners LLC purchased a new stake in Warner Bros. Discovery, Inc. ( NASDAQ:WBD – Free Report ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC.
The fund purchased 47,308 shares of the company’s stock, valued at approximately $352,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement Association of Colorado grew its holdings in Warner Bros.
Discovery by 5,128.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 350,559 shares of the company’s stock valued at $3,989,000 after purchasing an additional 343,854 shares during the period.
Thompson Investment Management Inc. grew its stake in shares of Warner Bros. Discovery by 23.
5% during the 1st quarter. Thompson Investment Management Inc. now owns 1,118,931 shares of the company’s stock valued at $9,768,000 after buying an additional 213,149 shares during the period.
Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Warner Bros.
Discovery by 8.2% during the 1st quarter. Tokio Marine Asset Management Co.
Ltd. now owns 66,843 shares of the company’s stock worth $584,000 after buying an additional 5,081 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Warner Bros.
Discovery in the 1st quarter worth $182,000. Finally, SageView Advisory Group LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at $129,000.
Institutional investors and hedge funds own 59.95% of the company’s stock. Analyst Ratings Changes Several brokerages have commented on WBD.
Macquarie dropped their price target on Warner Bros. Discovery from $9.00 to $8.
00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Warner Bros. Discovery from $16.
00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Morgan Stanley decreased their price objective on shares of Warner Bros.
Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th.
Wells Fargo & Company reduced their target price on shares of Warner Bros. Discovery from $9.00 to $7.
00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, TD Cowen lowered their price target on Warner Bros. Discovery from $15.
00 to $14.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company.
According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.98. Warner Bros.
Discovery Stock Performance Shares of WBD stock opened at $7.22 on Friday. The company’s 50-day simple moving average is $7.
72 and its 200-day simple moving average is $8.03. Warner Bros.
Discovery, Inc. has a one year low of $6.64 and a one year high of $12.
70. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of -5.
82 and a beta of 1.48. The company has a debt-to-equity ratio of 1.
06, a quick ratio of 0.76 and a current ratio of 0.76.
Warner Bros. Discovery ( NASDAQ:WBD – Get Free Report ) last issued its earnings results on Wednesday, August 7th. The company reported ($4.
07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89).
Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.
47%. The business had revenue of $9.71 billion for the quarter, compared to analyst estimates of $10.
07 billion. During the same period last year, the company posted ($0.51) earnings per share.
The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities analysts anticipate that Warner Bros.
Discovery, Inc. will post -3.65 earnings per share for the current fiscal year.
Warner Bros. Discovery Company Profile ( Free Report ) Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide.
It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming. Featured Stories Want to see what other hedge funds are holding WBD? Visit HoldingsChannel.
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