Natixis Advisors L.P. Has $7.01 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Natixis Advisors L.P. grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 616,320 shares of the company’s stock after buying an additional 93,161 shares during the quarter. Natixis Advisors L.P.’s holdings in Warner Bros. Discovery were worth $7,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WBD. Forum Financial Management LP boosted its holdings in Warner Bros. Discovery by 2.3% during the third quarter. Forum Financial Management LP now owns 42,179 shares of the company’s stock worth $458,000 after buying an additional 948 shares during the last quarter. Bridgeworth LLC lifted its holdings in shares of Warner Bros. Discovery by 7.4% during the 4th quarter. Bridgeworth LLC now owns 13,845 shares of the company’s stock valued at $158,000 after purchasing an additional 952 shares in the last quarter. Czech National Bank lifted its holdings in shares of Warner Bros. Discovery by 0.3% during the 4th quarter. Czech National Bank now owns 388,660 shares of the company’s stock valued at $4,423,000 after purchasing an additional 996 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 1.8% during the 4th quarter. Harbour Capital Advisors LLC now owns 56,833 shares of the company’s stock valued at $642,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Column Capital Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 26.7% during the 3rd quarter. Column Capital Advisors LLC now owns 5,049 shares of the company’s stock valued at $55,000 after purchasing an additional 1,063 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Up 3.1 %

NASDAQ:WBD opened at $8.04 on Friday. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of -6.28 and a beta of 1.51. Warner Bros. Discovery, Inc. has a twelve month low of $7.34 and a twelve month high of $14.76. The stock’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $9.80. 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 (NASDAQ:WBD) last posted its earnings results 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 business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WBD shares. JPMorgan Chase & Co. cut their price objective on 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 reiterated a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a report on Monday, March 4th. Macquarie dropped their target price on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Redburn Atlantic lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Thursday, January 11th. Finally, Wells Fargo & Company lowered Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $16.00 to $12.00 in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.83.

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.