Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 23.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 949,561 shares of the company’s stock after acquiring an additional 178,386 shares during the period. Staley Capital Advisers Inc.’s holdings in Warner Bros. Discovery were worth $10,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in Warner Bros. Discovery during the first quarter valued at approximately $27,000. North Capital Inc. acquired a new position in Warner Bros. Discovery during the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new position in Warner Bros. Discovery during the first quarter valued at approximately $29,000. Ameriflex Group Inc. purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $30,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Warner Bros. Discovery by 448.0% during the first quarter. Golden State Wealth Management LLC now owns 2,877 shares of the company’s stock valued at $31,000 after purchasing an additional 2,352 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Down 8.0%

WBD stock opened at $10.91 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $13.86. The firm has a fifty day moving average price of $11.52 and a two-hundred day moving average price of $10.33. The firm has a market cap of $26.78 billion, a price-to-earnings ratio of 36.37 and a beta of 1.57.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.79. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The firm had revenue of $9.81 billion during the quarter, compared to analyst estimates of $9.73 billion. During the same quarter in the previous year, the firm earned ($4.07) earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James Financial dropped their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday. UBS Group lifted 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, July 8th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Wells Fargo & Company lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Morgan Stanley lifted their price objective on shares of Warner Bros. Discovery from $10.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.84.

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.