111 Capital Buys Shares of 24,569 Warner Bros. Discovery, Inc. $WBD

111 Capital bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,569 shares of the company’s stock, valued at approximately $480,000.

Several other institutional investors and hedge funds also recently modified their holdings of WBD. Concord Wealth Partners raised its stake in shares of Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after buying an additional 847 shares during the period. Grove Bank & Trust raised its position in shares of Warner Bros. Discovery by 66.5% during the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after buying an additional 675 shares in the last quarter. Crews Bank & Trust lifted its position in Warner Bros. Discovery by 1,242.2% in the third quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after purchasing an additional 1,590 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in Warner Bros. Discovery by 183.9% during the third quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock worth $37,000 after acquiring an additional 1,225 shares during the period. Institutional investors own 59.95% of the company’s stock.

Key Headlines Impacting Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: WBD’s board has backed PSKY’s revised $31-per-share all-cash bid, which secures a firm take-private path and sets a clear near-term valuation floor for shareholders. Can WBD Capitalize on PSKY’s Modified Proposal to Drive Value?
• Positive Sentiment: Regulatory friction appears limited: FCC Chair Brendan Carr publicly called the deal “cleaner” than prior bids and said it should be approved quickly, lowering regulatory execution risk. FCC chief tells CNBC WBD-Paramount merger deal is ‘cleaner’ than Netflix’s, will be approved ‘quickly’
• Positive Sentiment: S&P says the WBD deal would “materially improve” Warner Bros. Discovery’s business profile, implying longer-term strategic upside if integration and execution go smoothly. S&P Weighs In On Media Mega-Merger
• Neutral Sentiment: Argus trimmed its WBD price target to $31 but kept a Buy rating — a modest analyst signal of constrained upside relative to the deal price but not a change in endorsement. Argus Adjusts Price Target on Warner Bros. Discovery
• Negative Sentiment: Fitch downgraded Paramount’s credit to junk following the acquisition, increasing financing and refinancing risk for the acquirer and raising the chance of future cost or deal renegotiation that could unsettle WBD equity value. Paramount credit ratings downgraded by Fitch after Warner Bros deal
• Negative Sentiment: Paramount’s CEO said the combined company will carry roughly $79 billion net debt — a heavy leverage load that increases execution risk and could pressure cashflow/ratings over time. Paramount CEO says Warner Bros tie-up to carry $79 billion net debt
• Negative Sentiment: WBD reported a Q4 earnings miss (linear TV and studio weakness), which reinforces near-term fundamental pressure independent of the takeover dynamics. WBD Q4 Earnings Miss on Linear TV Decline and Studios Weakness

Analyst Ratings Changes

A number of equities research analysts have weighed in on WBD shares. Moffett Nathanson upped their price target on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the company a “buy” rating in a report on Friday, January 30th. Barrington Research lowered shares of Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a research note on Friday, December 5th. The Goldman Sachs Group raised their target price on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a report on Friday, November 7th. UBS Group boosted their price objective on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Wells Fargo & Company raised their target price on shares of Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.34.

Insider Transactions at Warner Bros. Discovery

In other news, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the transaction, the chief accounting officer directly owned 110,084 shares in the company, valued at approximately $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the completion of the sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $27,108,730. This represents a 20.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 257,116 shares of company stock worth $7,546,331 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Trading Down 1.1%

Shares of NASDAQ:WBD opened at $28.20 on Wednesday. The firm has a fifty day moving average price of $28.34 and a 200 day moving average price of $23.04. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $69.88 billion, a PE ratio of 97.24 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same quarter last year, the business earned ($0.20) EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.