Caprock Group LLC Acquires New Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Caprock Group LLC bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 3rd quarter, HoldingsChannel reports. The fund bought 11,944 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC raised its holdings in shares of Warner Bros. Discovery by 11.6% in the 3rd quarter. Pathstone Holdings LLC now owns 171,331 shares of the company’s stock valued at $1,413,000 after buying an additional 17,869 shares during the period. Quest Partners LLC grew its position in Warner Bros. Discovery by 173.7% in the 3rd quarter. Quest Partners LLC now owns 44,284 shares of the company’s stock valued at $365,000 after acquiring an additional 28,104 shares in the last quarter. AMG National Trust Bank increased its stake in Warner Bros. Discovery by 211.3% during the third quarter. AMG National Trust Bank now owns 418,014 shares of the company’s stock worth $3,449,000 after purchasing an additional 283,725 shares during the period. Swiss National Bank lifted its position in shares of Warner Bros. Discovery by 0.7% during the third quarter. Swiss National Bank now owns 6,909,427 shares of the company’s stock worth $57,003,000 after purchasing an additional 47,300 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Warner Bros. Discovery by 22.7% in the third quarter. Natixis Advisors LLC now owns 280,982 shares of the company’s stock valued at $2,318,000 after purchasing an additional 52,051 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $10.40 on Tuesday. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The stock has a market capitalization of $25.51 billion, a price-to-earnings ratio of -2.26 and a beta of 1.48. The company has a 50-day simple moving average of $8.34 and a 200-day simple moving average of $7.95. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price 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. Evercore ISI decreased their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Morgan Stanley cut their price target on 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. JPMorgan Chase & Co. decreased their price objective on 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. Finally, Macquarie upped their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.55.

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.