Sterling Capital Management LLC Has $1.52 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Sterling Capital Management LLC grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 143,882 shares of the company's stock after purchasing an additional 51,329 shares during the quarter. Sterling Capital Management LLC's holdings in Warner Bros. Discovery were worth $1,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Colonial Trust Advisors raised its stake in Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. grew its position in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after purchasing an additional 1,940 shares during the period. Graney & King LLC bought a new stake in Warner Bros. Discovery during the 4th quarter worth approximately $28,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter worth $29,000. 59.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their price target for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their target price on Warner Bros. Discovery from $11.00 to $9.00 and set an "equal weight" rating on the stock in a report on Thursday. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. KeyCorp decreased their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $13.00 target price on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.76.

Insider Transactions at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the firm's stock in a transaction that occurred 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 acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Warner Bros. Discovery Price Performance

WBD traded up $0.19 on Friday, hitting $8.11. 31,292,791 shares of the stock were exchanged, compared to its average volume of 32,671,448. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of -1.77, a PEG ratio of 8.64 and a beta of 1.43. 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 12 month low of $6.64 and a 12 month high of $12.70. The business has a 50-day moving average of $10.04 and a two-hundred day moving average of $9.74.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

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.