Byrne Asset Management LLC Takes $1.55 Million Position in Warner Bros. Discovery, Inc. $WBD

Byrne Asset Management LLC acquired a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 53,610 shares of the company’s stock, valued at approximately $1,545,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Concord Wealth Partners boosted its holdings in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after acquiring an additional 847 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Warner Bros. Discovery by 66.5% during the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after acquiring an additional 675 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at approximately $33,000. Finally, Crews Bank & Trust raised its position in shares of Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after purchasing an additional 1,590 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Trading Down 0.2%

Shares of Warner Bros. Discovery stock opened at $27.22 on Thursday. The stock has a market cap of $67.50 billion, a PE ratio of 93.87 and a beta of 1.60. The firm has a fifty day moving average price of $27.97 and a 200 day moving average price of $24.73. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06.

Warner Bros. Discovery (NASDAQ:WBD) last posted 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). The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. Warner Bros. Discovery’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) earnings per share. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on WBD. Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price objective for the company from $29.50 to $31.00 in a report on Friday, February 27th. Finally, Rothschild & Co Redburn set a $31.00 price objective on Warner Bros. Discovery and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.30.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Significant decline in short interest versus late February — short interest fell to ~47.7M shares (down ~22.5% from Feb. 26), representing about 2.0% of float and a ~1.8 days-to-cover figure. Reduced short exposure can limit downside pressure from short squeezes and is a constructive technical sign.
• Positive Sentiment: Increased investor attention — WBD is a “trending” ticker on Zacks/finance coverage, which can boost retail engagement and liquidity. WBD Trending Stock (Zacks)
• Neutral Sentiment: Mixed/erroneous short-interest feeds — several data entries reported zero shares or NaN changes for March short interest, indicating unreliable or delayed reporting from some data vendors; treat those data points cautiously.
• Neutral Sentiment: Broader media context — coverage that groups WBD with other media names and sentiment-shift pieces (e.g., on Netflix/Oracle) may influence investor comparisons but does not directly change WBD fundamentals. Sentiment Shifts Article
• Negative Sentiment: Los Angeles County ordered an economic impact analysis of the proposed Paramount–WBD merger, with interim findings in 60 days and final recommendations in 120 days — this signals added local/regulatory scrutiny that could delay the deal or produce unfavorable recommendations for workforce and competitive impacts. LA County Merger Analysis (Deadline)
• Negative Sentiment: Opinion pieces urging antitrust rejection of any Paramount–WBD/Skydance tie-up increase political and regulatory risk, potentially weighing on deal odds and investor sentiment. Anti-Trust Op-Ed (MSN)
• Negative Sentiment: Insider/insider-adjacent selling reported — a congressman reportedly cashed out WBD shares that had risen substantially, which can be interpreted negatively by some investors even if driven by portfolio or personal reasons. Insider Sale Report (MSN)

Insiders Place Their Bets

In other news, insider Gerhard Zeiler sold 600,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total value of $16,812,000.00. Following the sale, the insider owned 672,649 shares in the company, valued at $18,847,624.98. This represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 617,580 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.25, for a total value of $17,446,635.00. Following the sale, the chief financial officer directly owned 691,570 shares in the company, valued at approximately $19,536,852.50. This trade represents a 47.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is currently owned by company insiders.

Warner Bros. Discovery Profile

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.