Mn Services Vermogensbeheer B.V. Has $9.04 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mn Services Vermogensbeheer B.V. reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 842,500 shares of the company’s stock after selling 65,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Warner Bros. Discovery were worth $9,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WBD. Colonial Trust Advisors boosted its holdings in Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after buying an additional 996 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in Warner Bros. Discovery by 12.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company’s stock worth $105,000 after acquiring an additional 1,066 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in Warner Bros. Discovery by 2.8% during the fourth quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company’s stock valued at $454,000 after purchasing an additional 1,174 shares during the period. TCTC Holdings LLC increased its stake in Warner Bros. Discovery by 18.1% in the fourth quarter. TCTC Holdings LLC now owns 8,156 shares of the company’s stock valued at $86,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Warner Bros. Discovery by 11.4% in the fourth quarter. Bessemer Group Inc. now owns 13,047 shares of the company’s stock worth $139,000 after purchasing an additional 1,338 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 7.3%

Shares of NASDAQ:WBD opened at $10.76 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 market capitalization of $26.41 billion, a P/E ratio of -2.35, a price-to-earnings-growth ratio of 8.64 and a beta of 1.51. The company has a 50-day simple moving average of $9.05 and a 200 day simple moving average of $9.94. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, May 8th. The company reported ($0.18) EPS 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 company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period in the previous year, the firm posted ($0.40) EPS. The business’s quarterly revenue was down 9.8% on a year-over-year basis. Sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 9th. Rosenblatt Securities reissued a “neutral” rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Huber Research raised Warner Bros. Discovery from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 9th. Barclays boosted their price objective on Warner Bros. Discovery from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.17.

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.