TSP Capital Management Group LLC Reduces Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

TSP Capital Management Group LLC decreased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 8.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 475,923 shares of the company’s stock after selling 46,450 shares during the period. Warner Bros. Discovery makes up approximately 1.7% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 22nd largest holding. TSP Capital Management Group LLC’s holdings in Warner Bros. Discovery were worth $5,031,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in Warner Bros. Discovery in the 4th quarter worth approximately $33,000. New Wave Wealth Advisors LLC acquired a new position in Warner Bros. Discovery in the 4th quarter worth approximately $37,000. Larson Financial Group LLC increased its holdings in Warner Bros. Discovery by 54.1% in the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after buying an additional 1,754 shares during the period. Finally, Rosenberg Matthew Hamilton increased its holdings in Warner Bros. Discovery by 448.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after buying an additional 3,743 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Activity

In related news, insider Savalle Sims sold 169,436 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Trading Up 3.9 %

Shares of NASDAQ:WBD opened at $10.20 on Friday. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of -2.23, 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. The business’s 50 day moving average price is $10.41 and its 200-day moving average price is $9.02.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WBD shares. Macquarie increased their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Friday, December 13th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their price target for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Wolfe Research upgraded shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Finally, Guggenheim upped their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.76.

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.