Warner Bros. Discovery, Inc. (NASDAQ:WBD) Position Raised by Clarius Group LLC

Clarius Group LLC raised its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 58.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,313 shares of the company’s stock after acquiring an additional 6,771 shares during the period. Clarius Group LLC’s holdings in Warner Bros. Discovery were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WBD. Moneta Group Investment Advisors LLC grew its position in Warner Bros. Discovery by 124,559.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,075,738 shares of the company’s stock worth $266,158,000 after purchasing an additional 28,053,216 shares in the last quarter. Norges Bank purchased a new position in Warner Bros. Discovery during the 4th quarter worth approximately $196,222,000. Boston Partners grew its position in Warner Bros. Discovery by 43.0% during the 3rd quarter. Boston Partners now owns 14,225,819 shares of the company’s stock worth $153,713,000 after purchasing an additional 4,275,994 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Warner Bros. Discovery during the 3rd quarter worth approximately $49,058,000. Finally, Invesco Ltd. grew its position in Warner Bros. Discovery by 16.6% during the 3rd quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock worth $306,085,000 after purchasing an additional 4,016,888 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Analyst Ratings Changes

WBD has been the topic of several research analyst reports. Barrington Research lowered 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 research report on Monday, February 26th. JPMorgan Chase & Co. lowered their price target 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. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their price target for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Finally, Redburn Atlantic cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and a consensus price target of $14.24.

Warner Bros. Discovery Stock Up 0.2 %

Warner Bros. Discovery stock opened at $8.36 on Tuesday. The firm has a market cap of $20.40 billion, a price-to-earnings ratio of -6.53 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. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $14.76. The firm has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $10.10.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $10.28 billion for 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 firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. As a group, analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

Warner Bros. Discovery Company Profile

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.