25,460 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Acquired by Rye Brook Capital LLC

Rye Brook Capital LLC purchased a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 25,460 shares of the company’s stock, valued at approximately $269,000. Warner Bros. Discovery accounts for approximately 0.3% of Rye Brook Capital LLC’s holdings, making the stock its 24th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB bought a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at $1,031,000. Creative Planning grew its holdings in Warner Bros. Discovery by 14.1% during the 3rd quarter. Creative Planning now owns 357,699 shares of the company’s stock valued at $2,951,000 after buying an additional 44,129 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Warner Bros. Discovery by 48.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,795 shares of the company’s stock worth $172,000 after acquiring an additional 6,766 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Warner Bros. Discovery by 1.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 248,508 shares of the company’s stock worth $2,050,000 after buying an additional 4,316 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Warner Bros. Discovery by 132.9% in the 3rd quarter. Blue Trust Inc. now owns 15,449 shares of the company’s stock worth $127,000 after acquiring an additional 8,815 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the sale, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Stock Up 2.7 %

NASDAQ WBD opened at $10.62 on Wednesday. The firm’s 50 day moving average is $10.39 and its 200-day moving average is $9.06. 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.

Wall Street Analyst Weigh In

WBD has been the topic of several analyst reports. Guggenheim upped their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, December 12th. KeyCorp increased their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Bank of America restated a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Finally, Wolfe Research raised shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.76.

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.