Huntleigh Advisors Inc. Makes New $430,000 Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Huntleigh Advisors Inc. purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,671 shares of the company's stock, valued at approximately $430,000. Warner Bros. Discovery makes up about 0.3% of Huntleigh Advisors Inc.'s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors also recently bought and sold shares of WBD. Rakuten Securities Inc. grew its holdings in shares of Warner Bros. Discovery by 116.3% during the first quarter. Rakuten Securities Inc. now owns 3,738 shares of the company's stock worth $40,000 after buying an additional 2,010 shares during the last quarter. QRG Capital Management Inc. increased its stake in Warner Bros. Discovery by 70.8% in the 1st quarter. QRG Capital Management Inc. now owns 19,500 shares of the company's stock valued at $209,000 after purchasing an additional 8,083 shares in the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of Warner Bros. Discovery by 53.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,296 shares of the company's stock worth $261,000 after buying an additional 8,424 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Warner Bros. Discovery during the first quarter worth about $133,000. Finally, Fortis Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 1st quarter worth approximately $152,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD traded down $0.18 during mid-day trading on Tuesday, reaching $10.58. 46,815,221 shares of the company traded hands, compared to its average volume of 34,796,524. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $25.97 billion, a PE ratio of -2.31, a price-to-earnings-growth ratio of 8.64 and a beta of 1.51. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The stock has a fifty day simple moving average of $9.05 and a 200-day simple moving average of $9.94.

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 the consensus estimate of ($0.12) by ($0.06). The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) EPS. Equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Ratings Changes

WBD has been the subject of several research reports. Argus upgraded Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Citigroup lowered their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, May 29th. KeyCorp lowered their target price on 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. Morgan Stanley lowered their target price on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a report on Monday, June 9th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.17.

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.