Entropy Technologies LP Has $1.73 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Entropy Technologies LP cut its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 41.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,031 shares of the company’s stock after selling 116,057 shares during the quarter. Entropy Technologies LP’s holdings in Warner Bros. Discovery were worth $1,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WBD. Principal Financial Group Inc. boosted its stake in Warner Bros. Discovery by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after purchasing an additional 78,653 shares during the period. Hauser Brothers GmbH lifted its holdings in shares of Warner Bros. Discovery by 56.1% in the third quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after purchasing an additional 440,000 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Warner Bros. Discovery by 37.7% in the third quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock worth $56,811,000 after buying an additional 1,886,868 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Warner Bros. Discovery during the third quarter valued at $1,474,000. Finally, Blueshift Asset Management LLC acquired a new position in Warner Bros. Discovery during the third quarter valued at $588,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Savalle Sims sold 169,436 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WBD. JPMorgan Chase & Co. raised their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Bank of America reaffirmed a “buy” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Raymond James increased their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Guggenheim boosted their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.76.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $10.16 on Monday. The company has a market capitalization of $24.92 billion, a PE ratio of -2.22, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The company’s fifty day moving average price is $10.45 and its 200 day moving average price is $8.99.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period in the previous year, the company posted ($0.17) earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

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.