12,733 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,733 shares of the company’s stock, valued at approximately $145,000.

A number of other large investors have also recently made changes to their positions in WBD. Forum Financial Management LP lifted its holdings in Warner Bros. Discovery by 2.3% during the 3rd quarter. Forum Financial Management LP now owns 42,179 shares of the company’s stock valued at $458,000 after buying an additional 948 shares in the last quarter. Bridgeworth LLC lifted its holdings in 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 buying an additional 952 shares in the last quarter. Czech National Bank lifted its holdings in 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 buying an additional 996 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in 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 buying an additional 1,025 shares in the last quarter. Finally, Column Capital Advisors LLC raised its holdings in shares of Warner Bros. Discovery by 26.7% in 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 owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on WBD. Citigroup reduced their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Barrington Research reduced their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Wolfe Research lowered shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target for the company. in a report on Tuesday, April 23rd. Finally, Barclays reduced their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.83.

Warner Bros. Discovery Stock Down 2.2 %

NASDAQ:WBD opened at $8.11 on Friday. The company has a market cap of $19.79 billion, a PE ratio of -6.34 and a beta of 1.51. Warner Bros. Discovery, Inc. has a twelve month low of $8.02 and a twelve month high of $14.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average is $8.62 and its two-hundred day moving average is $9.97.

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

Warner Bros. Discovery 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.