Mutual of America Capital Management LLC Sells 57,727 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mutual of America Capital Management LLC lowered its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,285 shares of the company's stock after selling 57,727 shares during the quarter. Mutual of America Capital Management LLC's holdings in Warner Bros. Discovery were worth $3,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its holdings in Warner Bros. Discovery by 6.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 67,339 shares of the company's stock worth $588,000 after purchasing an additional 3,984 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in Warner Bros. Discovery in the 1st quarter valued at approximately $119,000. EP Wealth Advisors LLC lifted its holdings in Warner Bros. Discovery by 12.6% during the 1st quarter. EP Wealth Advisors LLC now owns 20,177 shares of the company's stock worth $176,000 after purchasing an additional 2,253 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Warner Bros. Discovery during the 1st quarter valued at about $836,000. Finally, LRI Investments LLC purchased a new stake in Warner Bros. Discovery during the 1st quarter valued at $74,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD traded down $0.12 during mid-day trading on Friday, hitting $10.11. 27,340,503 shares of the company's stock traded hands, compared to its average volume of 35,754,008. The company has a market capitalization of $24.80 billion, a P/E ratio of -2.21 and a beta of 1.48. 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 company's 50-day moving average is $8.34 and its two-hundred day moving average is $7.95.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $9.79 billion. During the same period last year, the firm earned ($0.17) EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WBD. Rosenblatt Securities reiterated a "neutral" rating and issued a $9.00 target price on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Benchmark reissued a "buy" rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Morgan Stanley lowered their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, July 29th. Barclays boosted their target price on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Finally, Macquarie boosted their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Warner Bros. Discovery presently has an average 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.