Lighthouse Investment Partners LLC Acquires New Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Lighthouse Investment Partners LLC bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 145,000 shares of the company's stock, valued at approximately $1,533,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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 worth $25,000 after acquiring an additional 996 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. grew its position in shares of Warner Bros. Discovery by 313.4% during the fourth 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 last quarter. Graney & King LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at about $28,000. Finally, Ethos Financial Group LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at about $29,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Benchmark restated a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Raymond James reduced their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Barclays raised their price objective on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company raised their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $12.22.

Warner Bros. Discovery Trading Up 0.2%

Shares of WBD traded up $0.02 during midday trading on Friday, hitting $9.16. The stock had a trading volume of 32,361,227 shares, compared to its average volume of 33,180,126. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The business has a 50-day simple moving average of $9.18 and a two-hundred day simple moving average of $9.88. The firm has a market cap of $22.49 billion, a P/E ratio of -2.00, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. 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 posted its quarterly earnings results 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 company had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned ($0.40) earnings per share. As a group, equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by 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.