V Square Quantitative Management LLC Grows Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

V Square Quantitative Management LLC increased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 31,243 shares of the company’s stock after acquiring an additional 1,643 shares during the period. V Square Quantitative Management LLC’s holdings in Warner Bros. Discovery were worth $258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in shares of Warner Bros. Discovery during the 2nd quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in shares of Warner Bros. Discovery during the first quarter valued at about $27,000. OFI Invest Asset Management raised its stake in shares of Warner Bros. Discovery by 45.9% in the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after acquiring an additional 1,221 shares during the period. First Financial Corp IN boosted its position in shares of Warner Bros. Discovery by 577.4% during the 1st quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock worth $30,000 after purchasing an additional 2,887 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Warner Bros. Discovery in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

WBD has been the subject of several research analyst reports. Morgan Stanley lowered their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, July 29th. Barrington Research reaffirmed an “outperform” rating and issued a $12.00 target price on shares of Warner Bros. Discovery in a research report on Tuesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.66.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $7.82 on Monday. The stock’s 50-day simple moving average is $7.78 and its 200-day simple moving average is $7.87. The firm has a market capitalization of $19.16 billion, a PE ratio of -6.31 and a beta of 1.48. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76.

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