Sapient Capital LLC Makes New Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Sapient Capital LLC bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,445 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank increased its stake in shares of Warner Bros. Discovery by 3.1% in the fourth quarter. Amalgamated Bank now owns 583,015 shares of the company’s stock worth $6,635,000 after acquiring an additional 17,752 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Warner Bros. Discovery by 117.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 405,401 shares of the company’s stock valued at $4,613,000 after buying an additional 218,765 shares during the period. Natixis Advisors L.P. boosted its stake in shares of Warner Bros. Discovery by 17.8% in the fourth quarter. Natixis Advisors L.P. now owns 616,320 shares of the company’s stock worth $7,013,000 after buying an additional 93,161 shares during the last quarter. Fisher Asset Management LLC raised its position in Warner Bros. Discovery by 11.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,839,596 shares of the company’s stock valued at $20,935,000 after acquiring an additional 187,508 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its position in Warner Bros. Discovery by 121.7% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 85,443 shares of the company’s stock worth $972,000 after purchasing an additional 46,909 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WBD. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their price target for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. 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 report on Tuesday, April 23rd. Wells Fargo & Company lowered Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $12.00 in a research report on Monday, January 29th. Finally, Morgan Stanley reduced their price objective on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $7.80 on Thursday. The company’s 50-day moving average is $8.40 and its two-hundred day moving average is $9.82. Warner Bros. Discovery, Inc. has a 1-year low of $7.34 and a 1-year high of $14.76. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of -6.09 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The business had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. Analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current 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.