Bryce Point Capital LLC Makes New $503,000 Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Bryce Point Capital LLC bought a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 47,553 shares of the company's stock, valued at approximately $503,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Golden State Equity Partners raised its stake in shares of Warner Bros. Discovery by 6.5% during the fourth quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock valued at $170,000 after purchasing an additional 986 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Warner Bros. Discovery by 12.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after buying an additional 1,066 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Warner Bros. Discovery by 7.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock worth $169,000 after acquiring an additional 1,101 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Warner Bros. Discovery by 2.8% in the fourth quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock valued at $454,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Avestar Capital LLC increased its stake in shares of Warner Bros. Discovery by 9.4% during the fourth quarter. Avestar Capital LLC now owns 14,337 shares of the company's stock valued at $152,000 after acquiring an additional 1,228 shares during the period. Institutional investors own 59.95% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WBD shares. The Goldman Sachs Group increased their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Citigroup lifted their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Barclays upped their price target on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Moffett Nathanson raised shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their target price for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Finally, Benchmark restated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and an average price target of $11.96.

Warner Bros. Discovery Stock Up 0.2 %

Shares of Warner Bros. Discovery stock traded up $0.02 during trading on Monday, hitting $8.09. 58,582,189 shares of the stock traded hands, compared to its average volume of 32,052,394. The stock has a market cap of $19.86 billion, a P/E ratio of -1.77, a PEG ratio of 8.64 and a beta of 1.43. The company has a fifty day moving average price of $10.50 and a two-hundred day moving average price of $9.77. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. 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 (NASDAQ:WBD - Get Free Report) last posted 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). The business had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the purchase, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. This represents a 12.17 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

About Warner Bros. Discovery

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.