Warner Bros. Discovery, Inc. $WBD is Samson Rock Capital LLP’s Largest Position

Samson Rock Capital LLP grew its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 12.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 940,000 shares of the company’s stock after buying an additional 107,372 shares during the quarter. Warner Bros. Discovery accounts for 55.0% of Samson Rock Capital LLP’s holdings, making the stock its biggest position. Samson Rock Capital LLP’s holdings in Warner Bros. Discovery were worth $25,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Venturi Wealth Management LLC grew its holdings in shares of Warner Bros. Discovery by 4.5% in the first quarter. Venturi Wealth Management LLC now owns 8,462 shares of the company’s stock valued at $232,000 after acquiring an additional 367 shares in the last quarter. Krilogy Financial LLC lifted its holdings in Warner Bros. Discovery by 2.6% during the first quarter. Krilogy Financial LLC now owns 14,809 shares of the company’s stock worth $406,000 after acquiring an additional 369 shares during the period. Optas LLC lifted its holdings in Warner Bros. Discovery by 2.7% during the first quarter. Optas LLC now owns 15,529 shares of the company’s stock worth $426,000 after acquiring an additional 409 shares during the period. William B. Walkup & Associates Inc. boosted its position in Warner Bros. Discovery by 5.6% in the first quarter. William B. Walkup & Associates Inc. now owns 7,837 shares of the company’s stock worth $215,000 after purchasing an additional 414 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its position in Warner Bros. Discovery by 20.2% in the fourth quarter. Salomon & Ludwin LLC now owns 2,494 shares of the company’s stock worth $71,000 after purchasing an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WBD shares. UBS Group upped their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Seaport Research Partners lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research report on Monday, July 27th. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Finally, Zacks Research lowered shares of Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and a consensus price target of $27.04.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $26.30 on Monday. The firm’s 50 day moving average is $26.57 and its 200 day moving average is $27.28. The stock has a market capitalization of $65.94 billion, a P/E ratio of -37.57 and a beta of 1.55. Warner Bros. Discovery, Inc. has a 12 month low of $10.76 and a 12 month high of $30.00. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business had revenue of $8.89 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -1.08 earnings per share for the current year.

Warner Bros. Discovery Company 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.