USS Investment Management Ltd Has $3.59 Million Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

USS Investment Management Ltd cut its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 339,566 shares of the company's stock after selling 111,124 shares during the quarter. USS Investment Management Ltd's holdings in Warner Bros. Discovery were worth $3,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial Trust Advisors raised its holdings 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 valued at $25,000 after purchasing an additional 996 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at $26,000. SRS Capital Advisors Inc. lifted its position in 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 buying an additional 1,940 shares in the last quarter. Graney & King LLC acquired 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 in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Warner Bros. Discovery Price Performance

NASDAQ WBD traded up $0.47 during midday trading on Wednesday, hitting $10.02. The company had a trading volume of 59,126,115 shares, compared to its average volume of 33,388,364. The company has a market capitalization of $24.60 billion, a PE ratio of -2.19, a P/E/G ratio of 8.64 and a beta of 1.46. The firm has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.92. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 28.34% and a negative return on equity of 27.56%. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.40) EPS. As a group, analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WBD. KeyCorp dropped their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Rosenblatt Securities reissued a "neutral" rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. Citigroup upped their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Benchmark reissued a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.22.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by corporate insiders.

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.