Round Hill Asset Management Has $110,000 Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Round Hill Asset Management cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 37.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,373 shares of the company’s stock after selling 6,154 shares during the quarter. Round Hill Asset Management’s holdings in Warner Bros. Discovery were worth $110,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at about $362,210,000. Contrarius Group Holdings Ltd acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at about $168,930,000. FMR LLC raised its stake in shares of Warner Bros. Discovery by 478.5% in the fourth quarter. FMR LLC now owns 14,278,600 shares of the company’s stock worth $150,925,000 after acquiring an additional 11,810,191 shares during the last quarter. Amundi lifted its position in shares of Warner Bros. Discovery by 108.1% during the fourth quarter. Amundi now owns 10,151,114 shares of the company’s stock worth $102,120,000 after purchasing an additional 5,272,717 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $23,825,000. 59.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now directly owns 159,932 shares of the company’s stock, valued at $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

WBD has been the topic of several research reports. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Citigroup lifted their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Guggenheim upped their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, KeyCorp lifted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average price target of $11.96.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $8.07 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $19.81 billion, a PE ratio of -1.76, a P/E/G ratio of 8.64 and a beta of 1.43. The stock has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $9.77. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). The company had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal 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.