Aigen Investment Management LP Makes New Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Aigen Investment Management LP purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,545 shares of the company's stock, valued at approximately $1,771,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WBD. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Warner Bros. Discovery by 26.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,826,492 shares of the company's stock valued at $23,319,000 after purchasing an additional 586,198 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Warner Bros. Discovery by 5.5% during the third quarter. Asset Management One Co. Ltd. now owns 919,611 shares of the company's stock valued at $7,587,000 after buying an additional 47,542 shares in the last quarter. 1834 Investment Advisors Co. boosted its holdings in shares of Warner Bros. Discovery by 5.5% in the third quarter. 1834 Investment Advisors Co. now owns 39,890 shares of the company's stock worth $329,000 after buying an additional 2,066 shares during the period. M&G PLC increased its position in shares of Warner Bros. Discovery by 84.5% in the third quarter. M&G PLC now owns 1,132,579 shares of the company's stock worth $9,061,000 after acquiring an additional 518,750 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock valued at $21,281,000 after acquiring an additional 78,653 shares during the period. Institutional investors and hedge funds own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $11.32 on Wednesday. The business's 50-day simple moving average is $10.34 and its 200-day simple moving average is $9.31. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The firm has a market cap of $27.77 billion, a price-to-earnings ratio of -2.47, a P/E/G ratio of 8.64 and a beta of 1.49.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly 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 net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the company's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the transaction, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Savalle Sims sold 169,436 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WBD. Barrington Research reiterated an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, February 27th. The Goldman Sachs Group lifted their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a report on Thursday, December 19th. Benchmark reissued a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Guggenheim raised their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Rosenblatt Securities upped their target price on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.75.

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.

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