RNC Capital Management LLC cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) by 23.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,433 shares of the company’s stock after selling 46,953 shares during the quarter. RNC Capital Management LLC’s holdings in Warner Bros. Discovery were worth $1,474,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boyar Asset Management Inc. purchased a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth about $1,370,000. Bessemer Group Inc. purchased a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth about $385,000. SG Americas Securities LLC purchased a new stake in Warner Bros. Discovery during the 3rd quarter valued at about $2,938,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Warner Bros. Discovery during the 3rd quarter valued at about $67,859,000. Finally, Vontobel Holding Ltd. purchased a new stake in Warner Bros. Discovery during the 3rd quarter valued at about $1,073,000. 55.18% of the stock is owned by hedge funds and other institutional investors.
Warner Bros. Discovery Stock Performance
Shares of NASDAQ:WBD traded up $0.18 during trading on Friday, hitting $14.34. The company’s stock had a trading volume of 32,003,231 shares, compared to its average volume of 21,522,535. The company has a 50-day moving average of $14.46 and a 200-day moving average of $12.56. Warner Bros. Discovery, Inc. has a 12 month low of $8.82 and a 12 month high of $27.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $34.85 billion, a price-to-earnings ratio of -5.47, a P/E/G ratio of 0.97 and a beta of 1.50.
Wall Street Analysts Forecast Growth
Warner Bros. Discovery Profile
Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.
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