Avior Wealth Management LLC Boosts Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Avior Wealth Management LLC lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,713 shares of the company’s stock after acquiring an additional 1,774 shares during the period. Avior Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Providence Capital Advisors LLC raised its holdings in Warner Bros. Discovery by 1,410.1% in the 1st quarter. Providence Capital Advisors LLC now owns 2,099 shares of the company’s stock valued at $139,000 after buying an additional 1,960 shares during the period. KB Financial Partners LLC purchased a new stake in Warner Bros. Discovery in the 1st quarter valued at about $32,000. Fortis Group Advisors LLC purchased a new stake in Warner Bros. Discovery in the 3rd quarter valued at about $25,000. Pacifica Partners Inc. raised its holdings in Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after buying an additional 1,345 shares during the period. Finally, Peoples Bank KS purchased a new stake in Warner Bros. Discovery in the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $8.40 on Friday. Warner Bros. Discovery, Inc. has a one year low of $8.02 and a one year high of $14.76. The company has a market cap of $20.49 billion, a PE ratio of -6.56 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50-day simple moving average of $8.77 and a 200-day simple moving average of $10.05.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on WBD shares. Barclays reduced 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 report on Thursday, February 29th. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. Redburn Atlantic lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Thursday, January 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.24.

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.