Thompson Investment Management Inc. Cuts Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Thompson Investment Management Inc. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,407,438 shares of the company’s stock after selling 34,636 shares during the period. Warner Bros. Discovery comprises about 2.1% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Thompson Investment Management Inc. owned about 0.06% of Warner Bros. Discovery worth $14,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Sugar Maple Asset Management LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $33,000. New Wave Wealth Advisors LLC bought a new stake in Warner Bros. Discovery during the fourth quarter worth approximately $37,000. Larson Financial Group LLC raised its holdings in Warner Bros. Discovery by 54.1% during the third 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 in the last quarter. Rosenberg Matthew Hamilton raised its holdings in Warner Bros. Discovery by 448.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after purchasing an additional 3,743 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Warner Bros. Discovery during the third quarter worth approximately $51,000. Institutional investors own 59.95% of the company’s stock.

Insiders Place Their Bets

In other news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Down 0.4 %

WBD stock opened at $10.16 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $8.98. The firm has a market cap of $24.92 billion, a PE ratio of -2.22, a PEG ratio of 7.98 and a beta of 1.49.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Rosenblatt Securities boosted their target price on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Macquarie lifted their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James lifted their price target on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barrington Research restated an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.76.

Warner Bros. Discovery Company 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.