Quantinno Capital Management LP Buys 83,725 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Quantinno Capital Management LP lifted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 43.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 275,995 shares of the company’s stock after purchasing an additional 83,725 shares during the quarter. Quantinno Capital Management LP’s holdings in Warner Bros. Discovery were worth $2,917,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Colonial Trust Advisors raised its position in Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. raised its position in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after purchasing an additional 1,940 shares in the last quarter. Graney & King LLC acquired a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $28,000. Finally, Ethos Financial Group LLC acquired a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $29,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Trading Down 1.2%

Shares of NASDAQ WBD opened at $9.05 on Tuesday. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50 day moving average price of $9.15 and a two-hundred day moving average price of $9.91. The stock has a market cap of $22.22 billion, a P/E ratio of -1.98, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same quarter last year, the company earned ($0.40) earnings per share. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Wall Street Analyst Weigh In

WBD has been the subject of several research analyst reports. Benchmark restated a “buy” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Raymond James lowered their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Finally, Barrington Research restated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.22.

Insider Transactions at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. This represents a 12.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.90% 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.