Access Investment Management LLC Invests $228,000 in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Access Investment Management LLC purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fortis Group Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $25,000. Pacifica Partners Inc. boosted its holdings in Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after acquiring an additional 1,345 shares during the last quarter. Peoples Bank KS acquired a new stake in Warner Bros. Discovery in the third quarter worth about $27,000. Milestone Investment Advisors LLC bought a new stake in Warner Bros. Discovery during the 3rd quarter worth about $28,000. Finally, Headinvest LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WBD. Macquarie dropped their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday. Wolfe Research cut Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective for the company. in a research note on Tuesday, April 23rd. Sanford C. Bernstein cut their target price on Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company lowered Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.32.

Check Out Our Latest Report on Warner Bros. Discovery

Warner Bros. Discovery Trading Up 1.4 %

NASDAQ WBD traded up $0.11 on Friday, reaching $8.15. The company had a trading volume of 35,600,500 shares, compared to its average volume of 30,685,270. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.82 and a quick ratio of 0.93. The company’s fifty day moving average is $8.38 and its 200-day moving average is $9.79. Warner Bros. Discovery, Inc. has a 1-year low of $7.34 and a 1-year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $10.22 billion. Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. Research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

Warner Bros. Discovery Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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