Stevens Capital Management LP Takes $496,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Stevens Capital Management LP acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 4th quarter, Holdings Channel.com reports. The firm acquired 43,612 shares of the company’s stock, valued at approximately $496,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WBD. AE Wealth Management LLC lifted its stake in shares of Warner Bros. Discovery by 1.3% in the third quarter. AE Wealth Management LLC now owns 105,151 shares of the company’s stock valued at $1,142,000 after purchasing an additional 1,326 shares during the period. IFP Advisors Inc raised its position in Warner Bros. Discovery by 8.9% during the third quarter. IFP Advisors Inc now owns 32,597 shares of the company’s stock worth $354,000 after acquiring an additional 2,651 shares during the last quarter. RFG Advisory LLC acquired a new position in Warner Bros. Discovery during the third quarter worth about $109,000. Park Place Capital Corp raised its position in Warner Bros. Discovery by 33.4% during the third quarter. Park Place Capital Corp now owns 3,677 shares of the company’s stock worth $40,000 after acquiring an additional 921 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Warner Bros. Discovery during the third quarter worth about $83,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 1.1 %

WBD traded down $0.09 during trading on Thursday, hitting $8.29. 24,660,655 shares of the company’s stock were exchanged, compared to its average volume of 26,472,490. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 1 year low of $8.02 and a 1 year high of $14.76. The stock has a 50 day moving average price of $8.69 and a 200 day moving average price of $10.01. The firm has a market cap of $20.23 billion, a P/E ratio of -6.47 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $10.34 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Warner Bros. Discovery’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Redburn Atlantic cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Thursday, January 11th. Wolfe Research downgraded shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target for the company. in a report on Tuesday. Barrington Research lowered their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, March 4th. Finally, Wells Fargo & Company downgraded shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $16.00 to $12.00 in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and a consensus price target of $13.83.

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.