GAM Holding AG Boosts Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

GAM Holding AG boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 457,685 shares of the company’s stock after buying an additional 1,437 shares during the quarter. GAM Holding AG’s holdings in Warner Bros. Discovery were worth $3,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in shares of Warner Bros. Discovery during the first quarter valued at $27,000. First Financial Corp IN boosted its stake in shares of Warner Bros. Discovery by 577.4% during the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after purchasing an additional 2,887 shares during the period. Family Firm Inc. purchased a new stake in shares of Warner Bros. Discovery during the second quarter valued at $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Warner Bros. Discovery during the first quarter valued at $33,000. Finally, OFI Invest Asset Management raised its holdings in shares of Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after acquiring an additional 1,221 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WBD has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Rosenblatt Securities restated a “neutral” rating and set a $9.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Macquarie cut their price objective on shares of Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Evercore ISI cut their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.66.

Warner Bros. Discovery Trading Down 0.3 %

Warner Bros. Discovery stock opened at $7.53 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06. 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 simple moving average is $7.80 and its two-hundred day simple moving average is $7.86. The firm has a market cap of $18.45 billion, a PE ratio of -6.07 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing the consensus estimate of ($0.18) by ($3.89). Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $10.07 billion. During the same quarter in the prior year, the company posted ($0.51) EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts anticipate that Warner Bros. Discovery, Inc. will post -4.47 earnings per share for the current year.

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.