Mraz Amerine & Associates Inc. Increases Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mraz Amerine & Associates Inc. grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,313 shares of the company’s stock after acquiring an additional 3,731 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Warner Bros. Discovery were worth $2,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Warner Bros. Discovery by 14.4% in the third quarter. Brighton Jones LLC now owns 17,030 shares of the company’s stock worth $140,000 after purchasing an additional 2,140 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Warner Bros. Discovery by 629.4% in the third quarter. International Assets Investment Management LLC now owns 189,239 shares of the company’s stock worth $1,561,000 after purchasing an additional 163,295 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Warner Bros. Discovery by 1,021.0% in the third quarter. Greenleaf Trust now owns 140,254 shares of the company’s stock worth $1,157,000 after purchasing an additional 127,743 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Warner Bros. Discovery in the third quarter worth about $128,000. Finally, GAM Holding AG increased its holdings in shares of Warner Bros. Discovery by 0.3% in the third quarter. GAM Holding AG now owns 457,685 shares of the company’s stock worth $3,776,000 after purchasing an additional 1,437 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Up 2.6 %

Shares of NASDAQ WBD opened at $7.52 on Friday. 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 market capitalization of $18.43 billion, a price-to-earnings ratio of -6.06 and a beta of 1.48. The stock has a 50 day moving average price of $7.81 and a 200 day moving average price of $7.85. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The firm had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.51) EPS. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a report on Friday, September 13th. Sanford C. Bernstein cut Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $10.00 to $8.00 in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price objective on 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. Finally, TD Cowen reduced their price objective on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and a consensus target price of $10.66.

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.