Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Position Decreased by Credit Capital Investments LLC

Credit Capital Investments LLC reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 559,713 shares of the company's stock after selling 53,000 shares during the quarter. Warner Bros. Discovery makes up about 7.7% of Credit Capital Investments LLC's holdings, making the stock its 4th largest position. Credit Capital Investments LLC's holdings in Warner Bros. Discovery were worth $5,916,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WBD. Stonebridge Financial Group LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter worth $26,000. SRS Capital Advisors Inc. boosted its stake 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 stake in Warner Bros. Discovery during the fourth quarter valued at $29,000. Briaud Financial Planning Inc boosted its stake in Warner Bros. Discovery by 258.1% during the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after buying an additional 2,000 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new stake in Warner Bros. Discovery during the fourth quarter valued at $33,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, with a total value of $197,917.86. Following the transaction, the director now owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

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Warner Bros. Discovery Trading Up 0.8 %

Shares of WBD traded up $0.09 during trading hours on Friday, hitting $10.74. The company had a trading volume of 55,497,718 shares, compared to its average volume of 30,396,146. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The firm has a market cap of $26.36 billion, a P/E ratio of -2.34, a P/E/G ratio of 8.64 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock's 50 day moving average price is $10.40 and its 200 day moving average price is $9.59.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WBD shares. Citigroup lifted their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Guggenheim lifted their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, December 12th. Rosenblatt Securities reissued a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Benchmark reissued a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Finally, Bank of America restated a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.91.

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.