Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lifted by Hauser Brothers GmbH

Hauser Brothers GmbH lifted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 56.1% in the third quarter, HoldingsChannel.com reports. The firm owned 1,225,000 shares of the company’s stock after acquiring an additional 440,000 shares during the quarter. Warner Bros. Discovery accounts for about 7.8% of Hauser Brothers GmbH’s investment portfolio, making the stock its 6th largest holding. Hauser Brothers GmbH’s holdings in Warner Bros. Discovery were worth $10,106,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sessa Capital IM L.P. boosted its position in shares of Warner Bros. Discovery by 24.7% in the third quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company’s stock worth $234,386,000 after buying an additional 5,625,545 shares during the period. Retirement Systems of Alabama grew its position in Warner Bros. Discovery by 781.3% in the 2nd quarter. Retirement Systems of Alabama now owns 4,316,498 shares of the company’s stock worth $32,115,000 after purchasing an additional 3,826,715 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Warner Bros. Discovery by 1,216.7% in the second quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company’s stock valued at $22,391,000 after purchasing an additional 2,780,986 shares in the last quarter. Drexel Morgan & Co. lifted its holdings in Warner Bros. Discovery by 43.5% during the third quarter. Drexel Morgan & Co. now owns 6,600,463 shares of the company’s stock worth $54,454,000 after buying an additional 2,000,000 shares during the period. Finally, Clifford Capital Partners LLC acquired a new position in shares of Warner Bros. Discovery in the 2nd quarter valued at $14,760,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $10.56 on Tuesday. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The stock’s 50-day moving average is $8.58 and its 200-day moving average is $8.04. 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 issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.79 billion. During the same quarter in the previous year, the company earned ($0.17) EPS. Warner Bros. Discovery’s revenue was down 3.6% on a year-over-year basis. Equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WBD shares. TD Cowen cut their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Moffett Nathanson reduced their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group boosted their price objective on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, Barrington Research restated an “outperform” rating and issued a $12.00 target price on shares of Warner Bros. Discovery in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.55.

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.