Kryger Capital LLC Makes New $84.76 Million Investment in Warner Bros. Discovery, Inc. $WBD

Key Points

• Kryger Capital LLC opened a new position in Warner Bros. Discovery during Q1, buying 3,086,831 shares worth about $84.76 million. The stake represents about 6% of Kryger Capital’s portfolio and makes WBD its 7th largest holding.
• Warner Bros. Discovery remains a major focus for institutional investors, with 59.95% of shares held by hedge funds and other institutions. Several other funds also recently initiated or increased positions in the stock.
• The stock is being watched closely amid ongoing Paramount merger uncertainty and an upcoming catalyst: Warner Bros. Discovery is set to report second-quarter 2026 results on August 6.

Kryger Capital LLC bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,086,831 shares of the company's stock, valued at approximately $84,764,000. Warner Bros. Discovery comprises 6.0% of Kryger Capital LLC's holdings, making the stock its 7th largest holding. Kryger Capital LLC owned approximately 0.12% of Warner Bros. Discovery at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WBD. Swiss RE Ltd. purchased a new position in Warner Bros. Discovery in the fourth quarter worth $26,000. Fideuram Asset Management Ireland dac bought a new position in Warner Bros. Discovery in the 4th quarter valued at $29,000. MV Capital Management Inc. purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $30,000. Rakuten Securities Inc. increased its position in shares of Warner Bros. Discovery by 81.5% during the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company's stock valued at $33,000 after purchasing an additional 521 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth $33,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states' lawsuit plays out

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $25.77 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 market cap of $64.61 billion, a price-to-earnings ratio of -36.81 and a beta of 1.54. The business's fifty day moving average is $26.72 and its 200 day moving average is $27.39.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate 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 company had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the prior year, the business earned ($0.18) EPS. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts predict that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Guggenheim restated a "neutral" rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Huber Research raised shares of Warner Bros. Discovery from an "underweight" rating to an "overweight" rating in a research report on Monday, June 1st. KeyCorp reiterated an "overweight" rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Warner Bros. Discovery from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Thursday, May 7th. 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.

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