Neville Rodie & Shaw Inc. Takes Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Neville Rodie & Shaw Inc. purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, Holdings Channel.com reports. The firm purchased 11,834 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after acquiring an additional 78,653 shares during the last quarter. Hauser Brothers GmbH raised its holdings in Warner Bros. Discovery by 56.1% during the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock worth $10,106,000 after purchasing an additional 440,000 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Warner Bros. Discovery by 37.7% in the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock valued at $56,811,000 after purchasing an additional 1,886,868 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $1,474,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $588,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Raymond James raised their price objective on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. KeyCorp lifted their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Barrington Research restated an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Finally, Rosenblatt Securities increased their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Hold” and an average target price of $11.44.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Up 2.5 %

Shares of Warner Bros. Discovery stock opened at $10.83 on Tuesday. The firm has a market cap of $26.57 billion, a PE ratio of -2.36 and a beta of 1.50. The business’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $8.57. 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.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period last year, the company earned ($0.17) earnings per share. 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 earnings per share for the current fiscal year.

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.