Amalgamated Bank Has $6.64 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Amalgamated Bank raised its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 583,015 shares of the company’s stock after purchasing an additional 17,752 shares during the period. Amalgamated Bank’s holdings in Warner Bros. Discovery were worth $6,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Boston Partners lifted its position in shares of Warner Bros. Discovery by 43.0% during the 3rd quarter. Boston Partners now owns 14,225,819 shares of the company’s stock worth $153,713,000 after buying an additional 4,275,994 shares during the period. Invesco Ltd. grew its holdings in shares of Warner Bros. Discovery by 16.6% in the 3rd quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock worth $306,085,000 after purchasing an additional 4,016,888 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Warner Bros. Discovery by 12.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company’s stock worth $237,007,000 after purchasing an additional 2,356,665 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Warner Bros. Discovery by 1,232.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,648,036 shares of the company’s stock valued at $17,898,000 after purchasing an additional 1,524,370 shares during the last quarter. Finally, UBS Group AG boosted its position in Warner Bros. Discovery by 55.5% in the third quarter. UBS Group AG now owns 3,964,873 shares of the company’s stock valued at $43,059,000 after buying an additional 1,415,744 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ:WBD opened at $7.97 on Monday. The stock has a 50-day simple moving average of $8.45 and a 200 day simple moving average of $9.87. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 52-week low of $7.34 and a 52-week high of $14.76.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WBD. Wolfe Research cut shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 target price for the company. in a research note on Tuesday, April 23rd. Barclays decreased their price objective 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 Thursday, February 29th. Barrington Research decreased their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Macquarie cut their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. Finally, Citigroup reduced their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.83.

Warner Bros. Discovery 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.