Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC decreased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,963,693 shares of the company's stock after selling 295,819 shares during the quarter. Warner Bros. Discovery accounts for 2.3% of Seizert Capital Partners LLC's portfolio, making the stock its 12th biggest holding. Seizert Capital Partners LLC owned approximately 0.16% of Warner Bros. Discovery worth $45,107,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WBD. Invesco Ltd. increased its stake in Warner Bros. Discovery by 16.6% during the third quarter. Invesco Ltd. now owns 28,184,613 shares of the company's stock worth $306,085,000 after acquiring an additional 4,016,888 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Warner Bros. Discovery by 12.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company's stock valued at $237,007,000 after buying an additional 2,356,665 shares during the period. Northern Trust Corp lifted its position in Warner Bros. Discovery by 2.6% in the third quarter. Northern Trust Corp now owns 20,873,998 shares of the company's stock worth $226,692,000 after buying an additional 524,965 shares during the last quarter. Boston Partners boosted its stake in Warner Bros. Discovery by 43.0% during the third quarter. Boston Partners now owns 14,225,819 shares of the company's stock worth $153,713,000 after buying an additional 4,275,994 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Warner Bros. Discovery by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,672,632 shares of the company's stock valued at $155,594,000 after acquiring an additional 575,123 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on WBD. Macquarie dropped their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut their target price 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. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday. Rosenblatt Securities upgraded Warner Bros. Discovery from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Finally, KeyCorp upgraded Warner Bros. Discovery from a "sector weight" rating to an "overweight" rating and set a $11.00 target price on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and an average target price of $13.32.

Warner Bros. Discovery Stock Up 1.4 %

NASDAQ:WBD traded up $0.11 during trading hours on Friday, reaching $8.15. The company's stock had a trading volume of 35,600,500 shares, compared to its average volume of 30,685,270. The stock has a 50 day moving average price of $8.38 and a two-hundred day moving average price of $9.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.93 and a current ratio of 0.82. The company has a market capitalization of $19.88 billion, a P/E ratio of -6.57 and a beta of 1.51. Warner Bros. Discovery, Inc. has a 12 month low of $7.34 and a 12 month high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The company had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The company's revenue was down 6.9% on a year-over-year basis. Equities analysts predict that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

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.