Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lifted by Amalgamated Bank

Amalgamated Bank lifted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 44.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 668,327 shares of the company’s stock after acquiring an additional 206,694 shares during the quarter. Amalgamated Bank’s holdings in Warner Bros. Discovery were worth $4,972,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its position in Warner Bros. Discovery by 56.3% during the 4th quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock worth $35,000 after acquiring an additional 1,105 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of 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 purchasing an additional 1,108 shares during the period. Holistic Financial Partners grew its position in Warner Bros. Discovery by 5.8% during the fourth quarter. Holistic Financial Partners now owns 21,235 shares of the company’s stock valued at $242,000 after purchasing an additional 1,167 shares in the last quarter. OFI Invest Asset Management increased its stake in Warner Bros. Discovery by 45.9% in the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after buying an additional 1,221 shares during the period. Finally, NEOS Investment Management LLC increased its stake in Warner Bros. Discovery by 1.1% in the 4th quarter. NEOS Investment Management LLC now owns 112,359 shares of the company’s stock valued at $1,279,000 after buying an additional 1,226 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on WBD shares. JPMorgan Chase & Co. lowered their price target on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Barrington Research reissued an “outperform” rating and set a $12.00 price objective on shares of Warner Bros. Discovery in a research report on Tuesday, July 23rd. Moffett Nathanson dropped their target price on Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley reduced their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, July 29th. Finally, Barclays dropped their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.93.

Warner Bros. Discovery Trading Down 1.9 %

Shares of NASDAQ:WBD opened at $8.24 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day moving average is $7.86 and its 200-day moving average is $7.98. The company has a market cap of $20.19 billion, a P/E ratio of -6.65 and a beta of 1.48. 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 released its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business had revenue of $9.71 billion during the quarter, compared to analyst estimates of $10.07 billion. During the same period last year, the business earned ($0.51) EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.17 earnings per share 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.