Long Focus Capital Management LLC Has $16.37 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Long Focus Capital Management LLC boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 308.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,200,000 shares of the company’s stock after purchasing an additional 1,662,000 shares during the quarter. Warner Bros. Discovery comprises about 0.6% of Long Focus Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Long Focus Capital Management LLC owned approximately 0.09% of Warner Bros. Discovery worth $16,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its stake in shares of Warner Bros. Discovery by 56.3% in the fourth quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock valued at $35,000 after buying an additional 1,105 shares during the period. Personal CFO Solutions LLC grew its holdings in shares of Warner Bros. Discovery by 4.6% during the 4th 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 in the last quarter. OFI Invest Asset Management increased its position 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 worth $27,000 after purchasing an additional 1,221 shares during the period. NEOS Investment Management LLC raised its stake in Warner Bros. Discovery by 1.1% in the fourth quarter. NEOS Investment Management LLC now owns 112,359 shares of the company’s stock valued at $1,279,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Wellington Shields Capital Management LLC grew its stake in Warner Bros. Discovery by 38.9% during the first quarter. Wellington Shields Capital Management LLC now owns 5,317 shares of the company’s stock worth $46,000 after buying an additional 1,488 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

WBD stock opened at $8.30 on Friday. The business has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $7.97. The company has a market capitalization of $20.34 billion, a P/E ratio of -6.69 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 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data 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). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $10.07 billion. During the same period last year, the company posted ($0.51) earnings per share. Warner Bros. Discovery’s revenue for the quarter was down 6.2% on a year-over-year basis. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company dropped their target price on shares of Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, August 8th. Rosenblatt Securities restated a “neutral” rating and issued a $9.00 target price on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and a consensus target price of $10.93.

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.