Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stake Decreased by Capco Asset Management LLC

Capco Asset Management LLC lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,001,601 shares of the company's stock after selling 26,316 shares during the quarter. Warner Bros. Discovery makes up 7.1% of Capco Asset Management LLC's holdings, making the stock its 6th largest holding. Capco Asset Management LLC owned about 0.12% of Warner Bros. Discovery worth $31,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in Warner Bros. Discovery during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. increased its holdings in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after buying an additional 1,940 shares during the period. Ethos Financial Group LLC bought a new position in Warner Bros. Discovery in the fourth quarter worth approximately $29,000. Briaud Financial Planning Inc boosted its position in Warner Bros. Discovery by 258.1% during the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD traded down $0.06 during trading hours on Tuesday, reaching $10.92. The company had a trading volume of 15,019,332 shares, compared to its average volume of 30,440,041. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The business's 50 day moving average price is $10.42 and its 200-day moving average price is $9.62. The firm has a market cap of $26.79 billion, a PE ratio of -2.38, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48.

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Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). The firm had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. KeyCorp upped their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Benchmark reissued a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Guggenheim upped their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.91.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery 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 purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the transaction, the director now directly owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company's stock.

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.