Mutual of America Capital Management LLC Decreases Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mutual of America Capital Management LLC lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.1% during the second quarter, HoldingsChannel reports. The fund owned 450,012 shares of the company’s stock after selling 9,666 shares during the period. Mutual of America Capital Management LLC’s holdings in Warner Bros. Discovery were worth $3,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC grew its holdings in shares of Warner Bros. Discovery by 56.3% during the fourth quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock worth $35,000 after purchasing an additional 1,105 shares during the last quarter. Personal CFO Solutions LLC increased its position in Warner Bros. Discovery by 4.6% during the fourth quarter. Personal CFO Solutions LLC now owns 25,126 shares of the company’s stock worth $286,000 after buying an additional 1,108 shares during the period. Holistic Financial Partners lifted its stake in Warner Bros. Discovery by 5.8% in the fourth quarter. Holistic Financial Partners now owns 21,235 shares of the company’s stock valued at $242,000 after buying an additional 1,167 shares during the last quarter. OFI Invest Asset Management boosted 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 during the period. Finally, NEOS Investment Management LLC grew its position in shares of Warner Bros. Discovery by 1.1% during the fourth quarter. NEOS Investment Management LLC now owns 112,359 shares of the company’s stock worth $1,279,000 after acquiring an additional 1,226 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 1.0 %

Warner Bros. Discovery stock opened at $8.16 on Tuesday. The firm has a market capitalization of $19.99 billion, a price-to-earnings ratio of -6.58 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The stock’s fifty day moving average is $7.88 and its two-hundred day moving average is $7.97.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($3.89). The business had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.51) earnings per share. Analysts predict that Warner Bros. Discovery, Inc. will post -4.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI decreased their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Macquarie decreased their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. The Goldman Sachs Group dropped their target price on Warner Bros. Discovery from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Barclays lowered their price objective on shares of Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.93.

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.