Terril Brothers Inc. Sells 216,031 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Terril Brothers Inc. lowered its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 732,662 shares of the company's stock after selling 216,031 shares during the quarter. Warner Bros. Discovery makes up approximately 2.4% of Terril Brothers Inc.'s investment portfolio, making the stock its 13th largest position. Terril Brothers Inc.'s holdings in Warner Bros. Discovery were worth $7,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Warner Bros. Discovery by 4.1% in the third quarter. State Street Corp now owns 151,285,963 shares of the company's stock valued at $1,248,109,000 after buying an additional 5,898,611 shares during the period. Sessa Capital IM L.P. grew its holdings in Warner Bros. Discovery by 24.7% during the 3rd quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company's stock worth $234,386,000 after acquiring an additional 5,625,545 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of Warner Bros. Discovery by 2.6% during the third quarter. EdgePoint Investment Group Inc. now owns 21,396,719 shares of the company's stock valued at $176,523,000 after acquiring an additional 541,192 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Warner Bros. Discovery by 1.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 20,889,437 shares of the company's stock worth $172,338,000 after purchasing an additional 329,620 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Warner Bros. Discovery by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,685,506 shares of the company's stock worth $129,405,000 after purchasing an additional 687,612 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WBD has been the topic of several recent research reports. Benchmark reaffirmed a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. 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 report on Tuesday, January 21st. Macquarie boosted their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Guggenheim lifted 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, The Goldman Sachs Group upped their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.91.

Warner Bros. Discovery Stock Up 1.0 %

Shares of WBD stock traded up $0.11 during trading hours on Wednesday, reaching $11.43. The company had a trading volume of 39,268,787 shares, compared to its average volume of 30,014,907. The business has a fifty day simple moving average of $10.36 and a 200-day simple moving average of $9.34. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a market cap of $28.04 billion, a price-to-earnings ratio of -2.50, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. 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 (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 firm had revenue of $10.03 billion for 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%. On average, research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now directly owns 159,932 shares in the company, 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 SEC, which is accessible through this link. Also, insider Savalle Sims sold 169,436 shares of the stock in a transaction 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 $7,407,558.12. The trade was a 22.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.