Leonteq Securities AG Has $871,000 Position in Warner Bros. Discovery, Inc. $WBD

Leonteq Securities AG cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 51.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,732 shares of the company’s stock after selling 33,889 shares during the quarter. Leonteq Securities AG’s holdings in Warner Bros. Discovery were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Swiss RE Ltd. acquired a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac bought a new position in Warner Bros. Discovery in the 4th quarter valued at approximately $29,000. MV Capital Management Inc. acquired a new stake in Warner Bros. Discovery during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its position in Warner Bros. Discovery by 81.5% during the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after buying an additional 521 shares during the period. Finally, TOWER TRUST & INVESTMENT Co grew its holdings in Warner Bros. Discovery by 4,730.8% during the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after acquiring an additional 1,230 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $26.48 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. Warner Bros. Discovery, Inc. has a 52-week low of $10.76 and a 52-week high of $30.00. The firm has a 50 day moving average price of $26.91 and a two-hundred day moving average price of $27.63. The firm has a market cap of $66.39 billion, a price-to-earnings ratio of -37.83 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm had revenue of $8.89 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the firm posted ($0.18) EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts predict that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Analyst Upgrades and Downgrades

WBD has been the subject of several recent research reports. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. UBS Group boosted their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Seaport Research Partners upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Finally, Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.