Atria Investments Inc Buys 23,697 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Atria Investments Inc grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 31.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,062 shares of the company’s stock after purchasing an additional 23,697 shares during the quarter. Atria Investments Inc’s holdings in Warner Bros. Discovery were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WBD. Sessa Capital IM L.P. grew its holdings in Warner Bros. Discovery by 28.8% during the second quarter. Sessa Capital IM L.P. now owns 22,784,883 shares of the company’s stock valued at $169,520,000 after purchasing an additional 5,100,000 shares during the period. Retirement Systems of Alabama increased its holdings in Warner Bros. Discovery by 781.3% in the 2nd quarter. Retirement Systems of Alabama now owns 4,316,498 shares of the company’s stock worth $32,115,000 after acquiring an additional 3,826,715 shares in the last quarter. Mackenzie Financial Corp raised its stake in Warner Bros. Discovery by 1,216.7% during the 2nd quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company’s stock worth $22,391,000 after acquiring an additional 2,780,986 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in Warner Bros. Discovery by 14.6% during the first quarter. EdgePoint Investment Group Inc. now owns 20,620,335 shares of the company’s stock valued at $180,016,000 after purchasing an additional 2,621,582 shares in the last quarter. Finally, Drexel Morgan & Co. boosted its position in shares of Warner Bros. Discovery by 43.5% in the third quarter. Drexel Morgan & Co. now owns 6,600,463 shares of the company’s stock worth $54,454,000 after purchasing an additional 2,000,000 shares during the period. Institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WBD shares. Sanford C. Bernstein cut shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $10.00 to $8.00 in a research report on Tuesday, August 13th. JPMorgan Chase & Co. decreased their price target on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Barclays raised their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $12.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, November 7th. Finally, TD Cowen cut their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and an average target price of $10.55.

Warner Bros. Discovery Trading Up 2.7 %

Warner Bros. Discovery stock opened at $9.47 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $23.22 billion, a PE ratio of -2.07 and a beta of 1.48. The stock has a 50-day moving average of $8.10 and a two-hundred day moving average of $7.88. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) earnings per share. On average, research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current fiscal year.

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.