Sapient Capital LLC Takes Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Sapient Capital LLC bought a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, HoldingsChannel reports. The fund bought 11,445 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors also recently added to or reduced their stakes in WBD. Stratos Wealth Partners LTD. increased its position in shares of Warner Bros. Discovery by 6.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 39,934 shares of the company’s stock valued at $434,000 after purchasing an additional 2,562 shares during the period. Brown Advisory Inc. lifted its holdings in Warner Bros. Discovery by 10.3% in the 3rd quarter. Brown Advisory Inc. now owns 54,593 shares of the company’s stock valued at $593,000 after acquiring an additional 5,107 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Warner Bros. Discovery by 8.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 411,620 shares of the company’s stock worth $4,470,000 after purchasing an additional 31,928 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in Warner Bros. Discovery by 4.6% during the third quarter. IFM Investors Pty Ltd now owns 458,497 shares of the company’s stock valued at $4,979,000 after purchasing an additional 20,159 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 0.4 %

WBD stock opened at $7.80 on Thursday. 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 business’s 50 day moving average is $8.40 and its 200-day moving average is $9.82. Warner Bros. Discovery, Inc. has a 1-year low of $7.34 and a 1-year high of $14.76. The firm has a market cap of $19.03 billion, a P/E ratio of -6.09 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during 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%. Warner Bros. Discovery’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WBD has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. JPMorgan Chase & Co. decreased their target price on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 26th. Redburn Atlantic lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Thursday, January 11th. Wells Fargo & Company cut shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $12.00 in a research note on Monday, January 29th. Finally, Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their price target for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.