325,574 Shares in Warner Bros. Discovery, Inc. $WBD Acquired by Triad Investment Management

Triad Investment Management bought a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 325,574 shares of the company’s stock, valued at approximately $9,383,000. Warner Bros. Discovery accounts for about 9.5% of Triad Investment Management’s portfolio, making the stock its biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. TriaGen Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter valued at about $443,000. Swedbank AB grew its position in Warner Bros. Discovery by 3.7% in the 3rd quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock valued at $20,808,000 after buying an additional 37,986 shares in the last quarter. Mackay Shields LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $7,812,000. New York State Teachers Retirement System increased its stake in Warner Bros. Discovery by 4.1% during the 3rd quarter. New York State Teachers Retirement System now owns 1,775,964 shares of the company’s stock valued at $34,685,000 after buying an additional 69,141 shares during the period. Finally, Private Advisory Group LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $3,438,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 0.1%

WBD stock opened at $27.49 on Thursday. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The firm has a market cap of $68.17 billion, a PE ratio of 94.80 and a beta of 1.63. The firm has a 50 day simple moving average of $27.84 and a 200 day simple moving average of $25.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.19). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.20) EPS. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, insider Bruce Campbell sold 41,784 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the completion of the sale, the insider directly owned 604,666 shares of the company’s stock, valued at $16,821,808.12. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul A. Gould sold 600,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the transaction, the director owned 244,357 shares of the company’s stock, valued at $6,683,163.95. This trade represents a 71.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WBD shares. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Arete Research restated a “neutral” rating and issued a $31.25 target price on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price target for the company from $29.50 to $31.00 in a research note on Friday, February 27th. TD Cowen lifted their price target on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Finally, Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.30.

Warner Bros. Discovery Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.