Crcm LP Acquires New Holdings in Warner Bros. Discovery, Inc. $WBD

Crcm LP acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,500,000 shares of the company’s stock, valued at approximately $43,230,000. Warner Bros. Discovery makes up 14.6% of Crcm LP’s portfolio, making the stock its 4th largest holding.

A number of other institutional investors have also made changes to their positions in WBD. Swiss RE Ltd. bought a new position in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac bought a new position in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $29,000. Rakuten Securities Inc. raised its stake in shares of Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after acquiring an additional 521 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at approximately $33,000. Finally, TOWER TRUST & INVESTMENT Co raised its stake in shares of Warner Bros. Discovery by 4,730.8% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after acquiring an additional 1,230 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Fazal F. Merchant sold 35,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $27.48, for a total value of $961,800.00. Following the transaction, the director directly owned 95,539 shares of the company’s stock, valued at $2,625,411.72. The trade was a 26.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the transaction, the director directly owned 244,357 shares in the company, valued at approximately $6,683,163.95. This represents a 71.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

WBD has been the topic of a number of recent analyst reports. UBS Group raised their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Arete Research reissued a “neutral” rating and issued a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Wells Fargo & Company assumed coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.04.

Key Headlines Impacting Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: The DOJ reportedly cleared Paramount Skydance’s acquisition of Warner Bros. Discovery, removing a key antitrust obstacle and improving the chances the deal closes. Justice Department says Paramount’s Warner deal wouldn’t harm competition
• Positive Sentiment: Reports that the merger was approved helped fuel speculation that Warner Bros. Discovery shareholders could benefit from a takeover premium if the deal advances. Paramount-WBD merger wins approval from DOJ, source says
• Neutral Sentiment: Shareholders rejected David Zaslav’s proposed $165 million pay package for 2025 in a non-binding vote, which adds governance noise but is not likely to change the near-term merger story. Warner Bros. Shareholders Reject David Zaslav’s $165 Million Pay Package for 2025

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $26.98 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $27.12 and its two-hundred day moving average is $27.53. The company has a market cap of $67.64 billion, a P/E ratio of -38.54 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 12 month low of $9.98 and a 12 month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) earnings per share. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.