TSP Capital Management Group LLC Cuts Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

TSP Capital Management Group LLC cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 475,923 shares of the company’s stock after selling 46,450 shares during the quarter. Warner Bros. Discovery accounts for approximately 1.7% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 22nd largest position. TSP Capital Management Group LLC’s holdings in Warner Bros. Discovery were worth $5,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WBD. Stonebridge Financial Group LLC bought a new stake in Warner Bros. Discovery in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in Warner Bros. Discovery in the fourth quarter worth $33,000. New Wave Wealth Advisors LLC bought a new stake in Warner Bros. Discovery in the fourth quarter worth $37,000. Larson Financial Group LLC lifted its position in Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after buying an additional 1,754 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in Warner Bros. Discovery by 448.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after buying an additional 3,743 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated 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 in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Guggenheim raised their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Raymond James lifted their target price on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Finally, Barclays lifted their target price on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus price target of $11.76.

Warner Bros. Discovery Price Performance

WBD opened at $10.20 on Friday. The business’s 50-day moving average is $10.41 and its two-hundred day moving average is $9.02. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $25.02 billion, a PE ratio of -2.23, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49.

Warner Bros. Discovery 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.