Signaturefd LLC Raises Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Signaturefd LLC boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 28.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,604 shares of the company’s stock after acquiring an additional 4,849 shares during the quarter. Signaturefd LLC’s holdings in Warner Bros. Discovery were worth $178,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in shares of Warner Bros. Discovery in the first quarter valued at approximately $27,000. Family Firm Inc. bought a new stake in Warner Bros. Discovery during the 2nd quarter valued at $26,000. OFI Invest Asset Management raised its position in Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after purchasing an additional 1,221 shares in the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Warner Bros. Discovery by 665.4% in the 1st quarter. Transcendent Capital Group LLC now owns 4,003 shares of the company’s stock worth $35,000 after buying an additional 3,480 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Warner Bros. Discovery during the 1st quarter worth $39,000. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WBD shares. Morgan Stanley cut their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their price objective on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Benchmark reissued a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Finally, Macquarie decreased their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.66.

Warner Bros. Discovery Stock Up 1.1 %

Shares of NASDAQ WBD opened at $7.60 on Monday. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of -6.13 and a beta of 1.48. The company’s 50-day simple moving average is $7.82 and its 200-day simple moving average is $7.83. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing the consensus estimate of ($0.18) by ($3.89). The firm had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. Warner Bros. Discovery’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.51) earnings per share. Equities analysts predict that Warner Bros. Discovery, Inc. will post -4.47 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.