1 day Ago By Defense World Staff
Renaissance Technologies LLC cut its stake in shares of Warner Bros. Discovery, Inc. ( NASDAQ:WBD – Free Report ) by 97.
4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,553 shares of the company’s stock after selling 4,369,200 shares during the period. Renaissance Technologies LLC’s holdings in Warner Bros.
Discovery were worth $1,232,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also added to or reduced their stakes in WBD. Bank of Nova Scotia grew its position in shares of Warner Bros.
Discovery by 3.5% during the 4th quarter. Bank of Nova Scotia now owns 301,335 shares of the company’s stock worth $3,185,000 after buying an additional 10,315 shares during the period.
Cerity Partners LLC grew its holdings in Warner Bros. Discovery by 17.2% during the fourth quarter.
Cerity Partners LLC now owns 246,205 shares of the company’s stock valued at $2,602,000 after purchasing an additional 36,101 shares during the period. FMR LLC raised its holdings in Warner Bros. Discovery by 478.
5% in the fourth quarter. FMR LLC now owns 14,278,600 shares of the company’s stock worth $150,925,000 after purchasing an additional 11,810,191 shares during the period. Federated Hermes Inc.
boosted its position in shares of Warner Bros. Discovery by 5.2% during the fourth quarter.
Federated Hermes Inc. now owns 32,118 shares of the company’s stock worth $339,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Warner Bros.
Discovery by 150.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,979 shares of the company’s stock valued at $53,000 after buying an additional 2,989 shares during the period.
Institutional investors own 59.95% of the company’s stock. Analyst Ratings Changes Several analysts recently commented on the company.
Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $13.
00 in a research note on Tuesday, January 21st. Barrington Research reiterated an “outperform” rating and set a $16.00 price objective on shares of Warner Bros.
Discovery in a report on Wednesday, March 5th. Rosenblatt Securities restated a “neutral” rating and set a $13.00 target price on shares of Warner Bros.
Discovery in a report on Friday, March 7th. KeyCorp reduced their price target on shares of Warner Bros. Discovery from $14.
00 to $13.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Citigroup raised their price objective on shares of Warner Bros.
Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th.
Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.01.
Insider Buying and Selling at Warner Bros. Discovery In other news, Director Piazza Samuel A. Jr.
Di bought 17,346 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $11.41 per share, with a total value of $197,917.
86. Following the completion of the transaction, the director now owns 159,932 shares of the company’s stock, valued at $1,824,824.12.
This trade represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website .
Corporate insiders own 1.80% of the company’s stock. Warner Bros.
Discovery Stock Performance NASDAQ WBD opened at $8.77 on Wednesday. The firm has a market capitalization of $21.
53 billion, a P/E ratio of -1.91, a price-to-earnings-growth ratio of 8.64 and a beta of 1.
43. The firm’s fifty day moving average price is $9.72 and its two-hundred day moving average price is $9.
79. Warner Bros. Discovery, Inc.
has a 1 year low of $6.64 and a 1 year high of $12.70.
The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.
03. Warner Bros. Discovery ( NASDAQ:WBD – Get Free Report ) last issued its earnings results on Thursday, February 27th.
The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.
30). Warner Bros. Discovery had a negative return on equity of 27.
56% and a negative net margin of 28.34%. The business had revenue of $10.
03 billion for the quarter, compared to the consensus estimate of $10.16 billion. As a group, research analysts anticipate that Warner Bros.
Discovery, Inc. will post -4.33 EPS for the current year.
About Warner Bros. Discovery ( Free Report ) 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. Read More Five stocks we like better than Warner Bros.
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