University of Texas Texas AM Investment Managment Co. Purchases Shares of 2,867 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

University of Texas Texas AM Investment Managment Co. purchased a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,867 shares of the company’s stock, valued at approximately $33,000. Warner Bros. Discovery comprises 0.0% of University of Texas Texas AM Investment Managment Co.’s investment portfolio, making the stock its 16th largest position.

A number of other hedge funds have also bought and sold shares of WBD. Fortis Group Advisors LLC purchased a new stake in Warner Bros. Discovery in the third quarter worth about $25,000. Pacifica Partners Inc. grew its stake in shares of Warner Bros. Discovery by 118.2% during the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after purchasing an additional 1,345 shares during the period. Headinvest LLC purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at approximately $28,000. Systematic Alpha Investments LLC purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth $35,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 0.7 %

Shares of WBD stock traded down $0.05 during mid-day trading on Friday, reaching $7.24. The stock had a trading volume of 22,879,072 shares, compared to its average volume of 27,635,164. The stock’s 50-day moving average price is $8.10 and its two-hundred day moving average price is $9.37. Warner Bros. Discovery, Inc. has a 52-week low of $7.21 and a 52-week high of $14.76. The firm has a market capitalization of $17.74 billion, a PE ratio of -5.84 and a beta of 1.53. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The firm had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Equities analysts expect that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on WBD shares. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, May 10th. Wolfe Research lowered Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their target price 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. Finally, Rosenblatt Securities upgraded 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 report on Thursday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.16.

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.