Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,723 shares of the company’s stock after selling 5,745 shares during the quarter. Moors & Cabot Inc.’s holdings in Warner Bros. Discovery were worth $348,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Terril Brothers Inc. increased its holdings in shares of Warner Bros. Discovery by 0.6% in the 2nd quarter. Terril Brothers Inc. now owns 654,475 shares of the company’s stock valued at $4,869,000 after acquiring an additional 4,140 shares during the period. Poehling Capital Management INC. raised its holdings in shares of Warner Bros. Discovery by 15.0% in the second quarter. Poehling Capital Management INC. now owns 744,631 shares of the company’s stock valued at $5,540,000 after buying an additional 96,951 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Warner Bros. Discovery in the second quarter valued at about $87,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of Warner Bros. Discovery by 23.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 7,542,407 shares of the company’s stock worth $56,116,000 after buying an additional 1,452,913 shares during the last quarter. Finally, Williams Financial LLC purchased a new position in shares of Warner Bros. Discovery during the second quarter worth about $322,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Ratings Changes

WBD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and issued a $12.00 price objective on shares of Warner Bros. Discovery in a research report on Tuesday, July 23rd. Wells Fargo & Company cut their price objective on shares of Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Macquarie lowered their target price on shares of Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.93.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $8.24 on Friday. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The stock has a market cap of $20.19 billion, a P/E ratio of -6.65 and a beta of 1.48. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average of $7.86 and a two-hundred day moving average of $7.98.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. Warner Bros. Discovery’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.51) EPS. As a group, research analysts predict that Warner Bros. Discovery, Inc. will post -4.17 EPS for the current fiscal year.

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.