Versor Investments LP Purchases Shares of 11,300 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Versor Investments LP purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 11,300 shares of the company’s stock, valued at approximately $93,000.

Several other institutional investors also recently modified their holdings of WBD. Mesirow Financial Investment Management Inc. grew its position in Warner Bros. Discovery by 109.9% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 32,830 shares of the company’s stock worth $271,000 after purchasing an additional 17,187 shares in the last quarter. Atria Investments Inc grew its position in Warner Bros. Discovery by 31.9% during the 3rd quarter. Atria Investments Inc now owns 98,062 shares of the company’s stock worth $809,000 after purchasing an additional 23,697 shares in the last quarter. Corrado Advisors LLC grew its position in Warner Bros. Discovery by 14.1% during the 3rd quarter. Corrado Advisors LLC now owns 139,810 shares of the company’s stock worth $1,153,000 after purchasing an additional 17,302 shares in the last quarter. Pegasus Partners Ltd. grew its position in Warner Bros. Discovery by 80.5% during the 3rd quarter. Pegasus Partners Ltd. now owns 47,095 shares of the company’s stock worth $389,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in Warner Bros. Discovery by 23.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 8,859 shares of the company’s stock worth $73,000 after purchasing an additional 1,682 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Sanford C. Bernstein cut shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $10.00 to $8.00 in a research report on Tuesday, August 13th. Rosenblatt Securities restated a “neutral” rating and set a $9.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Morgan Stanley lowered their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, July 29th. Benchmark restated a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Finally, Barrington Research restated an “outperform” rating and set a $12.00 price target on shares of Warner Bros. Discovery in a report on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and a consensus target price of $10.55.

Warner Bros. Discovery Stock Down 6.5 %

Warner Bros. Discovery stock opened at $9.22 on Monday. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of -2.01 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm has a fifty day moving average price of $8.10 and a two-hundred day moving average price of $7.88.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates 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 business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. As a group, analysts forecast that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current 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.