American Century Companies Inc. Raises Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

American Century Companies Inc. grew its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 454,013 shares of the company’s stock after acquiring an additional 18,888 shares during the quarter. American Century Companies Inc.’s holdings in Warner Bros. Discovery were worth $3,378,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. University of Texas Texas AM Investment Managment Co. purchased a new stake in Warner Bros. Discovery in the fourth quarter worth approximately $33,000. FinTrust Capital Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 56.3% during the 4th quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock valued at $35,000 after buying an additional 1,105 shares during the period. Crewe Advisors LLC purchased a new position in shares of Warner Bros. Discovery in the 1st quarter worth $27,000. First Financial Corp IN grew its holdings in shares of Warner Bros. Discovery by 577.4% in the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock worth $30,000 after acquiring an additional 2,887 shares during the period. Finally, Family Firm Inc. purchased a new stake in Warner Bros. Discovery during the second quarter valued at $26,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Trading Up 1.3 %

Shares of WBD opened at $8.30 on Friday. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a 50 day simple moving average of $7.88 and a two-hundred day simple moving average of $7.97. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $20.34 billion, a P/E ratio of -6.69 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly 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 the consensus estimate of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.51) earnings per share. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI dropped their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen reduced their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barclays dropped their price target on shares of Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Macquarie cut their price objective on shares of Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Hold” and an average price target of $10.93.

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.