Regatta Capital Group LLC Grows Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Regatta Capital Group LLC boosted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,819 shares of the company’s stock after buying an additional 4,534 shares during the period. Regatta Capital Group LLC’s holdings in Warner Bros. Discovery were worth $374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Colonial Trust Advisors grew its holdings in Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. raised its stake in Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after acquiring an additional 1,940 shares in the last quarter. Graney & King LLC acquired a new stake in Warner Bros. Discovery in the fourth quarter worth about $28,000. Finally, Ethos Financial Group LLC bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 1.8%

Shares of WBD stock opened at $9.82 on Monday. The stock has a market capitalization of $24.11 billion, a P/E ratio of -2.14, a P/E/G ratio of 8.64 and a beta of 1.51. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The firm’s 50 day moving average is $8.86 and its 200 day moving average is $9.94.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $9.66 billion. During the same quarter in the prior year, the business earned ($0.40) EPS. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

WBD has been the topic of a number of analyst reports. Argus raised Warner Bros. Discovery to a “hold” rating in a research note on Tuesday, May 27th. Barclays lifted their price objective on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Wells Fargo & Company increased their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Finally, Benchmark restated a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.17.

About Warner Bros. Discovery

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.