Rhumbline Advisers Has $50.51 Million Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Rhumbline Advisers grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 12.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,707,293 shares of the company's stock after purchasing an additional 518,033 shares during the period. Rhumbline Advisers owned about 0.19% of Warner Bros. Discovery worth $50,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WBD. Colonial Trust Advisors lifted its holdings in shares of Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $26,000. SRS Capital Advisors Inc. lifted its holdings in shares of Warner Bros. Discovery by 313.4% during the 4th 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 during the period. Graney & King LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $28,000. Finally, Ethos Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $29,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WBD has been the subject of a number of analyst reports. Benchmark reaffirmed a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Raymond James cut their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Argus raised shares of Warner Bros. Discovery to a "hold" rating in a report on Tuesday, May 27th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $13.00 price target on shares of Warner Bros. Discovery in a report on Friday, March 7th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $12.17.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD traded down $0.14 during trading on Thursday, reaching $9.65. The company had a trading volume of 44,327,727 shares, compared to its average volume of 33,613,092. The stock has a market cap of $23.69 billion, a PE ratio of -2.11, a PEG ratio of 8.64 and a beta of 1.46. The business's 50 day moving average price is $8.89 and its 200-day moving average price is $9.94. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.40) EPS. Analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

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.