Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,110,492 shares of the company’s stock after selling 1,630 shares during the period. Warner Bros. Discovery comprises 1.2% of Gryphon Financial Partners LLC’s holdings, making the stock its 15th largest position. Gryphon Financial Partners LLC’s holdings in Warner Bros. Discovery were worth $8,262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. purchased a new position in Warner Bros. Discovery in the 4th quarter valued at about $33,000. FinTrust Capital Advisors LLC boosted its stake in shares of Warner Bros. Discovery by 56.3% in the fourth quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock worth $35,000 after acquiring an additional 1,105 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Warner Bros. Discovery during the first quarter worth approximately $27,000. First Financial Corp IN increased its position in shares of Warner Bros. Discovery by 577.4% during the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock worth $30,000 after purchasing an additional 2,887 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in Warner Bros. Discovery in the 2nd quarter valued at $26,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Up 1.1 %

Warner Bros. Discovery stock opened at $7.30 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a 50 day moving average price of $7.73 and a 200 day moving average price of $8.01. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a market capitalization of $17.90 billion, a PE ratio of -5.89 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm had revenue of $9.71 billion during the quarter, compared to analyst estimates of $10.07 billion. During the same period in the previous year, the firm posted ($0.51) earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WBD. Moffett Nathanson lowered their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Sanford C. Bernstein cut shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $10.00 to $8.00 in a research note on Tuesday, August 13th. Wells Fargo & Company decreased their target price on shares of Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Benchmark lowered their target price on Warner Bros. Discovery from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie cut their price target on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.98.

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.