55,296 Shares in Warner Bros. Discovery, Inc. $WBD Acquired by Hanseatic Management Services Inc.

Key Points

• Hanseatic Management Services Inc. bought a new stake in Warner Bros. Discovery in the first quarter, acquiring 55,296 shares valued at about $1.52 million. The position now represents 1.5% of its holdings and is its 24th largest holding.
• Warner Bros. Discovery reported Q1 EPS of -$1.17, missing analyst expectations, while revenue came in at $8.89 billion and was roughly flat versus estimates. The company also posted negative return on equity and net margin, with revenue down 1% year over year.
• The biggest near-term issue for WBD is the Paramount takeover battle, as California and other states are trying to pause or block the $111 billion merger. A federal judge is expected to rule by July 22, adding uncertainty around the deal’s timing.

Hanseatic Management Services Inc. acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 55,296 shares of the company's stock, valued at approximately $1,518,000. Warner Bros. Discovery accounts for 1.5% of Hanseatic Management Services Inc.'s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of Warner Bros. Discovery by 4.5% in the 1st quarter. Venturi Wealth Management LLC now owns 8,462 shares of the company's stock valued at $232,000 after purchasing an additional 367 shares during the period. Krilogy Financial LLC grew its stake in shares of Warner Bros. Discovery by 2.6% during the first quarter. Krilogy Financial LLC now owns 14,809 shares of the company's stock worth $406,000 after purchasing an additional 369 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of Warner Bros. Discovery by 12.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 3,425 shares of the company's stock worth $99,000 after purchasing an additional 378 shares during the period. Optas LLC increased its holdings in Warner Bros. Discovery by 2.7% in the first quarter. Optas LLC now owns 15,529 shares of the company's stock valued at $426,000 after purchasing an additional 409 shares during the last quarter. Finally, William B. Walkup & Associates Inc. increased its holdings in Warner Bros. Discovery by 5.6% in the first quarter. William B. Walkup & Associates Inc. now owns 7,837 shares of the company's stock valued at $215,000 after purchasing an additional 414 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Performance

WBD stock opened at $26.87 on Friday. The business's 50-day moving average price is $26.85 and its two-hundred day moving average price is $27.49. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The firm has a market cap of $67.37 billion, a PE ratio of -38.39 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 1-year low of $10.76 and a 1-year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm's revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) earnings per share. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings cut Warner Bros. Discovery from a "hold (c-)" rating to a "sell (d-)" rating in a report on Thursday, May 7th. Guggenheim reaffirmed a "neutral" rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. UBS Group upped their price target on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Seaport Research Partners upgraded shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and set a $31.00 price target on the stock in a research report on Monday, June 29th. Finally, KeyCorp reissued an "overweight" rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $27.04.

More Warner Bros. Discovery News

Here are the key news stories impacting Warner Bros. Discovery this week:

• Negative Sentiment: A federal judge will rule by July 22 on California’s request to temporarily freeze Paramount’s $111 billion takeover of Warner Bros. Discovery, increasing the risk of a near-term delay to the deal. Judge delays ruling on California's bid to freeze Paramount's $111B takeover of Warner Bros. Discovery
• Negative Sentiment: California and 11 other Democratic state attorneys general are pushing an antitrust case to pause the merger, and media reports suggest Warner Bros. Discovery and Paramount may have to delay closing while the legal fight plays out. Warner Bros. Discovery (WBD) Faces State Lawsuit Over $110 Billion Merger Pause
• Neutral Sentiment: Paramount has publicly argued the states’ antitrust case is unusually weak, but that defense does not remove the immediate legal uncertainty around the transaction. Paramount Calls the States’ Antitrust Case Against Warner Bros. Merger ‘One of the Weakest’ in Modern History
• Neutral Sentiment: Several shareholder lawsuits and related responses have added more headlines, but these appear secondary to the main issue: whether regulators or the court will block or delay the deal. Paramount and Warner Bros expect a delay in closing the deal

Warner Bros. Discovery Company 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.

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