Terril Brothers Inc. Cuts Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Terril Brothers Inc. reduced its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 732,662 shares of the company’s stock after selling 216,031 shares during the period. Warner Bros. Discovery accounts for about 2.4% of Terril Brothers Inc.’s portfolio, making the stock its 13th largest holding. Terril Brothers Inc.’s holdings in Warner Bros. Discovery were worth $7,744,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AMF Tjanstepension AB purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at approximately $1,031,000. Allspring Global Investments Holdings LLC grew its position in shares of Warner Bros. Discovery by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company’s stock valued at $885,000 after purchasing an additional 1,651 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Warner Bros. Discovery by 629.4% in the third quarter. International Assets Investment Management LLC now owns 189,239 shares of the company’s stock valued at $1,561,000 after acquiring an additional 163,295 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Warner Bros. Discovery by 55.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 614,390 shares of the company’s stock valued at $5,079,000 after acquiring an additional 218,270 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Warner Bros. Discovery by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 260,070 shares of the company’s stock valued at $2,145,000 after acquiring an additional 17,590 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on WBD. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their price objective for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday. The Goldman Sachs Group upped their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Rosenblatt Securities upped their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Warner Bros. Discovery has an average rating of “Moderate Buy” and a consensus target price of $11.75.

Warner Bros. Discovery Stock Up 4.2 %

Shares of NASDAQ WBD opened at $11.46 on Friday. The stock has a market cap of $28.11 billion, a P/E ratio of -2.50, a PEG ratio of 8.64 and a beta of 1.49. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The business’s fifty day simple moving average is $10.32 and its 200-day simple moving average is $9.22.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). The business had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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.