Kapitalo Investimentos Ltda Buys New Stake in Warner Bros. Discovery, Inc. $WBD

Kapitalo Investimentos Ltda bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 1st quarter, Holdings Channel reports. The firm bought 432,903 shares of the company’s stock, valued at approximately $11,888,000. Warner Bros. Discovery comprises approximately 2.2% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in WBD. Private Advisory Group LLC bought a new position in Warner Bros. Discovery during the fourth quarter valued at about $3,438,000. Triad Investment Management acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at about $9,383,000. Mn Services Vermogensbeheer B.V. lifted its holdings in Warner Bros. Discovery by 4.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock valued at $26,419,000 after acquiring an additional 38,105 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Warner Bros. Discovery by 130.8% during the 4th quarter. Handelsbanken Fonder AB now owns 1,008,638 shares of the company’s stock valued at $29,069,000 after purchasing an additional 571,612 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in shares of Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after purchasing an additional 51,920 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Key Headlines Impacting Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Negative Sentiment: The proposed Paramount-WBD merger has been temporarily halted, removing an immediate takeover catalyst and increasing uncertainty around deal completion. Paramount and Warner Bros. merger hit with temporary restraining order
• Negative Sentiment: A coalition of state attorneys general is challenging the transaction on antitrust grounds, which could prolong the legal process or derail the acquisition altogether. Judge orders Paramount to temporarily pause Warner Bros acquisition
• Neutral Sentiment: Market coverage also noted WBD closed at its lowest level since Dec. 4, reflecting weaker investor sentiment as the merger timeline becomes less certain. Warner Bros. Closes at Lowest Since Dec. 4 | Closing Bell

Warner Bros. Discovery Stock Down 3.8%

Warner Bros. Discovery stock opened at $25.86 on Tuesday. The firm has a market cap of $64.83 billion, a PE ratio of -36.94 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50 day moving average price is $26.82 and its two-hundred day moving average price is $27.46. Warner Bros. Discovery, Inc. has a twelve month low of $10.76 and a twelve month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) 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 company had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period last year, the business earned ($0.18) EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts predict that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WBD shares. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings cut Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. UBS Group increased their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.04.

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.