USS Investment Management Ltd Decreases Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

USS Investment Management Ltd lowered its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 24.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 339,566 shares of the company's stock after selling 111,124 shares during the period. USS Investment Management Ltd's holdings in Warner Bros. Discovery were worth $3,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Simon Quick Advisors LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at about $137,000. Nisa Investment Advisors LLC boosted its stake in Warner Bros. Discovery by 8.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 159,767 shares of the company's stock valued at $1,689,000 after purchasing an additional 12,910 shares during the period. Brighton Jones LLC boosted its stake in Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock valued at $729,000 after purchasing an additional 51,920 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Warner Bros. Discovery by 7.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock valued at $169,000 after purchasing an additional 1,101 shares during the period. Finally, CX Institutional boosted its stake in Warner Bros. Discovery by 16.6% during the 4th quarter. CX Institutional now owns 25,859 shares of the company's stock valued at $273,000 after purchasing an additional 3,690 shares during the period. Institutional investors own 59.95% of the company's stock.

Insider Buying and Selling at Warner Bros. Discovery

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

Warner Bros. Discovery Stock Down 2.3%

NASDAQ WBD traded down $0.23 on Thursday, reaching $9.79. 16,961,041 shares of the stock traded hands, compared to its average volume of 33,348,698. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average price of $8.98 and a 200-day moving average price of $9.92. The company has a market cap of $24.02 billion, a price-to-earnings ratio of -2.13, a PEG ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70.

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 the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The company's revenue for the quarter was down 9.8% on a year-over-year basis. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WBD. 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 note on Wednesday, March 5th. Raymond James cut their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Benchmark restated a "buy" rating and set a $18.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research note on Tuesday, May 13th. Finally, KeyCorp cut their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $12.22.

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.