Terril Brothers Inc. Reduces Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Terril Brothers Inc. decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 732,662 shares of the company’s stock after selling 216,031 shares during the quarter. Warner Bros. Discovery makes up about 2.4% of Terril Brothers Inc.’s holdings, making the stock its 13th largest position. Terril Brothers Inc.’s holdings in Warner Bros. Discovery were worth $7,744,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WBD. AMF Tjanstepension AB purchased a new position in shares of Warner Bros. Discovery during the third quarter worth about $1,031,000. Allspring Global Investments Holdings LLC lifted its position in Warner Bros. Discovery by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company’s stock valued at $885,000 after purchasing an additional 1,651 shares during the period. International Assets Investment Management LLC lifted its position in Warner Bros. Discovery by 629.4% in the third quarter. International Assets Investment Management LLC now owns 189,239 shares of the company’s stock valued at $1,561,000 after purchasing an additional 163,295 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Warner Bros. Discovery by 55.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 614,390 shares of the company’s stock valued at $5,079,000 after purchasing an additional 218,270 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Warner Bros. Discovery by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 260,070 shares of the company’s stock valued at $2,145,000 after purchasing an additional 17,590 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Activity

In other news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WBD shares. Wolfe Research upgraded shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Macquarie lifted their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. KeyCorp lifted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research report on Thursday. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Warner Bros. Discovery Stock Up 4.2 %

WBD stock opened at $11.46 on Friday. The stock has a market capitalization of $28.11 billion, a P/E ratio of -2.50, a PEG ratio of 8.64 and a beta of 1.49. 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, Inc. has a one year low of $6.64 and a one year high of $12.70. The company has a 50 day moving average price of $10.32 and a two-hundred day moving average price of $9.22.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). The firm had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. As a group, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS 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.