Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lifted by Hi Line Capital Management LLC

Hi Line Capital Management LLC grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 17.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,478 shares of the company's stock after purchasing an additional 90,462 shares during the period. Warner Bros. Discovery makes up approximately 2.4% of Hi Line Capital Management LLC's holdings, making the stock its 16th largest holding. Hi Line Capital Management LLC's holdings in Warner Bros. Discovery were worth $6,411,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Colonial Trust Advisors increased its position in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after acquiring an additional 1,940 shares in the last quarter. Graney & King LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter worth $28,000. Ethos Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter worth $29,000. Finally, Briaud Financial Planning Inc increased its position in shares of Warner Bros. Discovery by 258.1% in the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock worth $29,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Up 1.3%

NASDAQ WBD traded up $0.15 during trading hours on Friday, reaching $11.30. 86,176,689 shares of the company traded hands, compared to its average volume of 35,948,731. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $27.74 billion, a PE ratio of -2.57 and a beta of 1.51. The company has a 50 day moving average of $9.50 and a two-hundred day moving average of $9.95.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same quarter in the previous year, the business posted ($0.40) earnings per share. The company's quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James Financial dropped their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. KeyCorp decreased their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Huber Research upgraded shares of Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 9th. Finally, Barrington Research restated an "outperform" rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research note on Monday, June 9th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.17.

Warner Bros. Discovery 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.