Janus Henderson Group PLC Has $2.61 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Janus Henderson Group PLC boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 26.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 316,460 shares of the company’s stock after buying an additional 66,200 shares during the quarter. Janus Henderson Group PLC’s holdings in Warner Bros. Discovery were worth $2,609,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Family Firm Inc. acquired a new stake in Warner Bros. Discovery in the 2nd quarter valued at approximately $26,000. OFI Invest Asset Management increased its position in shares of Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after purchasing an additional 1,221 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after purchasing an additional 1,754 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $41,000. Finally, Brooklyn Investment Group acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $10.82 on Thursday. 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, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The stock has a market capitalization of $26.54 billion, a P/E ratio of -2.36 and a beta of 1.51. The stock has a fifty day moving average of $8.93 and a 200-day moving average of $8.18.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.79 billion. During the same quarter in the previous year, the firm earned ($0.17) EPS. Warner Bros. Discovery’s revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on WBD. Barclays boosted their price target on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Macquarie lifted their target price on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Finally, KeyCorp boosted their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and an average price target of $10.71.

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.