Schechter Investment Advisors LLC Increases Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Schechter Investment Advisors LLC boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 47.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,178 shares of the company’s stock after purchasing an additional 8,093 shares during the period. Schechter Investment Advisors LLC’s holdings in Warner Bros. Discovery were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Country Trust Bank lifted its stake in Warner Bros. Discovery by 76.0% in the third quarter. Country Trust Bank now owns 2,314 shares of the company’s stock valued at $25,000 after purchasing an additional 999 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in Warner Bros. Discovery in the third quarter valued at approximately $25,000. Peoples Bank KS purchased a new position in Warner Bros. Discovery in the third quarter valued at approximately $27,000. Pacifica Partners Inc. lifted its stake in Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Milestone Investment Advisors LLC purchased a new position in Warner Bros. Discovery in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 1.0 %

WBD opened at $8.73 on Friday. The stock has a market cap of $21.30 billion, a PE ratio of -6.82 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 52 week low of $8.02 and a 52 week high of $15.56. The business’s fifty day simple moving average is $9.30 and its 200 day simple moving average is $10.33.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last posted its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.34 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, research analysts expect that Warner Bros. Discovery, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on WBD. JPMorgan Chase & Co. dropped their target price on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Barclays dropped their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their target price for the stock from $7.00 to $10.00 in a research report on Thursday, March 21st. Citigroup decreased their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, Macquarie decreased their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.24.

Get Our Latest Stock Report on Warner Bros. Discovery

Warner Bros. Discovery 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.

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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