Amalgamated Bank Raises Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Amalgamated Bank lifted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 583,015 shares of the company’s stock after acquiring an additional 17,752 shares during the period. Amalgamated Bank’s holdings in Warner Bros. Discovery were worth $6,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WBD. Los Angeles Capital Management LLC raised its stake in shares of Warner Bros. Discovery by 117.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 405,401 shares of the company’s stock worth $4,613,000 after purchasing an additional 218,765 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Warner Bros. Discovery by 17.8% in the fourth quarter. Natixis Advisors L.P. now owns 616,320 shares of the company’s stock valued at $7,013,000 after acquiring an additional 93,161 shares during the period. Fisher Asset Management LLC boosted its position in shares of Warner Bros. Discovery by 11.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,839,596 shares of the company’s stock worth $20,935,000 after purchasing an additional 187,508 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in shares of Warner Bros. Discovery by 121.7% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 85,443 shares of the company’s stock valued at $972,000 after purchasing an additional 46,909 shares during the period. Finally, First Trust Direct Indexing L.P. purchased a new stake in Warner Bros. Discovery during the fourth quarter worth about $392,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Up 0.3 %

Shares of NASDAQ WBD opened at $7.97 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a fifty day moving average of $8.45 and a 200-day moving average of $9.87. Warner Bros. Discovery, Inc. has a 52-week low of $7.34 and a 52-week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WBD shares. Macquarie lowered their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Barclays decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Morgan Stanley dropped their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Finally, Citigroup dropped their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

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.