Mather Group LLC. Buys Shares of 13,918 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mather Group LLC. purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 13,918 shares of the company’s stock, valued at approximately $158,000.

A number of other hedge funds have also made changes to their positions in WBD. Boston Partners lifted its position in shares of Warner Bros. Discovery by 43.0% during the third quarter. Boston Partners now owns 14,225,819 shares of the company’s stock worth $153,713,000 after purchasing an additional 4,275,994 shares during the last quarter. Invesco Ltd. lifted its holdings in Warner Bros. Discovery by 16.6% during the 3rd quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock worth $306,085,000 after buying an additional 4,016,888 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Warner Bros. Discovery by 12.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company’s stock worth $237,007,000 after acquiring an additional 2,356,665 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 1,232.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,648,036 shares of the company’s stock valued at $17,898,000 after acquiring an additional 1,524,370 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Warner Bros. Discovery by 55.5% during the 3rd quarter. UBS Group AG now owns 3,964,873 shares of the company’s stock valued at $43,059,000 after acquiring an additional 1,415,744 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $7.97 on Friday. The company has a market capitalization of $19.44 billion, a PE ratio of -6.23 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 stock has a fifty day moving average of $8.45 and a 200-day moving average of $9.88. Warner Bros. Discovery, Inc. has a one year low of $7.34 and a one year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last announced its 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 company had revenue of $10.28 billion for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. As a group, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WBD has been the topic of a number of research reports. Barclays dropped their target price 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. Redburn Atlantic cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a report on Thursday, January 11th. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a report on Monday, March 4th. Morgan Stanley lowered their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Finally, Macquarie lowered their target price on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.