Nisa Investment Advisors LLC Sells 242,175 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Nisa Investment Advisors LLC cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 41.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,797 shares of the company's stock after selling 242,175 shares during the quarter. Nisa Investment Advisors LLC's holdings in Warner Bros. Discovery were worth $3,912,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Providence Capital Advisors LLC boosted its stake in Warner Bros. Discovery by 1,410.1% in the first quarter. Providence Capital Advisors LLC now owns 2,099 shares of the company's stock valued at $139,000 after buying an additional 1,960 shares in the last quarter. KB Financial Partners LLC acquired a new stake in shares of Warner Bros. Discovery during the first quarter valued at about $32,000. Country Trust Bank boosted its stake in shares of Warner Bros. Discovery by 76.0% during the third quarter. Country Trust Bank now owns 2,314 shares of the company's stock valued at $25,000 after purchasing an additional 999 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Warner Bros. Discovery during the third quarter valued at about $25,000. Finally, Pacifica Partners Inc. boosted its stake in shares of Warner Bros. Discovery by 118.2% during the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company's stock valued at $27,000 after purchasing an additional 1,345 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Trading Down 2.3 %

Shares of NASDAQ:WBD traded down $0.20 during mid-day trading on Friday, hitting $8.34. The company had a trading volume of 23,420,333 shares, compared to its average volume of 26,788,561. The firm has a fifty day moving average price of $8.93 and a 200 day moving average price of $10.13. The company has a market capitalization of $20.35 billion, a PE ratio of -6.52 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. Warner Bros. Discovery, Inc. has a one year low of $8.02 and a one year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business's revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Analyst Upgrades and Downgrades

WBD has been the topic of a number of recent research reports. Barrington Research cut their price target on Warner Bros. Discovery from $18.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Morgan Stanley cut their price target on Warner Bros. Discovery from $14.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Monday, February 26th. Macquarie cut their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut their price target on Warner Bros. Discovery from $13.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, February 26th. Finally, Rosenblatt Securities upgraded Warner Bros. Discovery from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $7.00 to $10.00 in a research report on Thursday, March 21st. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $14.24.

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.