Ninety One UK Ltd Cuts Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Ninety One UK Ltd lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 75.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 121,521 shares of the company's stock after selling 365,500 shares during the period. Ninety One UK Ltd's holdings in Warner Bros. Discovery were worth $1,304,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WBD. Colonial Trust Advisors grew its position in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Graney & King LLC purchased a new position in shares of Warner Bros. Discovery during the fourth quarter valued at about $28,000. North Capital Inc. purchased a new position in shares of Warner Bros. Discovery during the first quarter valued at about $28,000. Briaud Financial Planning Inc grew its position in shares of Warner Bros. Discovery by 258.1% during the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Warner Bros. Discovery during the first quarter valued at about $29,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Trading Up 0.7%

Shares of Warner Bros. Discovery stock traded up $0.08 on Wednesday, hitting $11.49. 54,766,673 shares of the company traded hands, compared to its average volume of 36,656,686. The stock's 50 day moving average price is $9.89 and its 200-day moving average price is $9.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a market cap of $28.21 billion, a PE ratio of -2.61 and a beta of 1.54.

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 for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.16% and a negative return on equity of 30.56%. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period in the prior year, the firm posted ($0.40) EPS. The business's revenue was down 9.8% on a year-over-year basis. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. Guggenheim reaffirmed a "buy" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Argus raised shares of Warner Bros. Discovery to a "hold" rating in a report on Tuesday, May 27th. Wells Fargo & Company increased their price target on shares of Warner Bros. Discovery from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 9th. Twelve research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of "Moderate Buy" and an average target price of $12.41.

About Warner Bros. Discovery

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.