Hauser Brothers GmbH Has $10.11 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Hauser Brothers GmbH lifted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 56.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,225,000 shares of the company's stock after purchasing an additional 440,000 shares during the quarter. Warner Bros. Discovery accounts for approximately 7.8% of Hauser Brothers GmbH's holdings, making the stock its 6th biggest holding. Hauser Brothers GmbH's holdings in Warner Bros. Discovery were worth $10,106,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Family Firm Inc. acquired a new position in Warner Bros. Discovery during the 2nd quarter valued at about $26,000. OFI Invest Asset Management lifted its position in Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock valued at $27,000 after purchasing an additional 1,221 shares during the period. Larson Financial Group LLC lifted its position in Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock valued at $41,000 after purchasing an additional 1,754 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $41,000. Finally, Brooklyn Investment Group acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $51,000. Institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD traded down $0.01 during midday trading on Tuesday, hitting $10.55. 21,154,482 shares of the stock were exchanged, compared to its average volume of 34,567,500. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The business's 50-day moving average price is $8.58 and its 200 day moving average price is $8.04. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period in the previous year, the firm earned ($0.17) earnings per share. The firm's quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current year.

Wall Street Analyst Weigh In

WBD has been the topic of a number of analyst reports. Evercore ISI cut their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Barclays increased their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Sanford C. Bernstein downgraded shares of Warner Bros. Discovery from an "outperform" rating to a "market perform" rating and cut their price target for the company from $10.00 to $8.00 in a research report on Tuesday, August 13th. The Goldman Sachs Group increased their target price on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Monday, October 7th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $9.00 target price on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.55.

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.