Sapient Capital LLC Acquires Shares of 11,445 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Sapient Capital LLC acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,445 shares of the company’s stock, valued at approximately $130,000.

Other institutional investors also recently bought and sold shares of the company. Fortis Group Advisors LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $25,000. Peoples Bank KS purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $27,000. Pacifica Partners Inc. boosted its holdings in shares of 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 acquiring an additional 1,345 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $28,000. Finally, Headinvest LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $28,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Down 2.6 %

Shares of NASDAQ WBD opened at $8.14 on Wednesday. Warner Bros. Discovery, Inc. has a 12-month low of $8.02 and a 12-month high of $14.76. The company has a market capitalization of $19.86 billion, a PE ratio of -6.36 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average is $8.86 and its two-hundred day moving average is $10.08.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their target price for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Morgan Stanley lowered their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Barclays decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. decreased their price objective on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Finally, Barrington Research decreased their price objective on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.24.

About Warner Bros. Discovery

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.