B. Metzler seel. Sohn & Co. AG Sells 15,949 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

B. Metzler seel. Sohn & Co. AG trimmed its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,466 shares of the company’s stock after selling 15,949 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Warner Bros. Discovery were worth $2,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Townsquare Capital LLC boosted its stake in Warner Bros. Discovery by 47.9% during the 3rd quarter. Townsquare Capital LLC now owns 27,134 shares of the company’s stock valued at $224,000 after purchasing an additional 8,784 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Warner Bros. Discovery by 14.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 84,525 shares of the company’s stock valued at $697,000 after acquiring an additional 10,400 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Warner Bros. Discovery during the 3rd quarter worth $1,474,000. Janus Henderson Group PLC raised its holdings in shares of Warner Bros. Discovery by 26.5% in the third quarter. Janus Henderson Group PLC now owns 316,460 shares of the company’s stock valued at $2,609,000 after purchasing an additional 66,200 shares during the last quarter. Finally, Investment Management Corp of Ontario lifted its position in shares of Warner Bros. Discovery by 49.8% during the third quarter. Investment Management Corp of Ontario now owns 77,285 shares of the company’s stock valued at $638,000 after purchasing an additional 25,700 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Trading Up 3.4 %

Shares of Warner Bros. Discovery stock opened at $10.56 on Thursday. The company’s 50-day moving average price is $10.56 and its 200-day moving average price is $9.76. 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 company has a market cap of $25.92 billion, a price-to-earnings ratio of -2.31, a PEG ratio of 8.64 and a beta of 1.48.

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

Wall Street Analyst Weigh In

WBD has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Guggenheim lifted their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Citigroup lifted their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and an average price target of $11.91.

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 159,932 shares of the company’s stock, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

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.