Mather Group LLC. Makes New $158,000 Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mather Group LLC. purchased a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,918 shares of the company’s stock, valued at approximately $158,000.

Other institutional investors have also recently modified their holdings of the company. Fortis Group Advisors LLC acquired a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $25,000. Peoples Bank KS purchased a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $27,000. Pacifica Partners Inc. increased its stake in shares of Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after acquiring an additional 1,345 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Warner Bros. Discovery during the third quarter worth $28,000. Finally, Headinvest LLC acquired a new position in Warner Bros. Discovery during the third quarter valued at $28,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on WBD. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Macquarie decreased their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, January 22nd. Wolfe Research cut shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, April 23rd. Morgan Stanley decreased their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Finally, Barclays dropped 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 research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $7.97 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. Warner Bros. Discovery, Inc. has a 1-year low of $7.34 and a 1-year high of $14.76. The company has a market cap of $19.44 billion, a PE ratio of -6.23 and a beta of 1.51. The stock’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $9.88.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

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.