V Square Quantitative Management LLC Grows Holdings in Warner Bros. Discovery, Inc. $WBD

V Square Quantitative Management LLC grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 217.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,675 shares of the company’s stock after buying an additional 57,307 shares during the quarter. V Square Quantitative Management LLC’s holdings in Warner Bros. Discovery were worth $959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Guardian Investment Management boosted its stake in shares of Warner Bros. Discovery by 9.4% during the 2nd quarter. Guardian Investment Management now owns 91,703 shares of the company’s stock valued at $1,051,000 after buying an additional 7,856 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Warner Bros. Discovery by 8.8% during the second quarter. Avior Wealth Management LLC now owns 14,545 shares of the company’s stock worth $167,000 after purchasing an additional 1,176 shares during the last quarter. Sterneck Capital Management LLC bought a new position in Warner Bros. Discovery during the second quarter worth $126,000. ORG Wealth Partners LLC lifted its stake in Warner Bros. Discovery by 831.3% during the second quarter. ORG Wealth Partners LLC now owns 7,320 shares of the company’s stock worth $80,000 after purchasing an additional 6,534 shares during the last quarter. Finally, Patton Fund Management Inc. bought a new position in Warner Bros. Discovery during the second quarter worth $294,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WBD has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Warner Bros. Discovery from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. TD Cowen restated a “hold” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a research note on Tuesday, September 16th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, September 12th. Benchmark restated a “buy” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Monday, July 14th. Finally, Morgan Stanley raised their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.07.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $18.86 on Tuesday. Warner Bros. Discovery, Inc. has a 1-year low of $7.25 and a 1-year high of $20.24. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04. The business’s fifty day moving average price is $13.97 and its two-hundred day moving average price is $11.30. The firm has a market capitalization of $46.69 billion, a PE ratio of 62.87, a P/E/G ratio of 2.54 and a beta of 1.59.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.79. The company had revenue of $9.81 billion for the quarter, compared to analyst estimates of $9.73 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned ($4.07) earnings per share. On average, research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Activity

In other news, insider Bruce Campbell sold 289,322 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $16.48, for a total transaction of $4,768,026.56. Following the transaction, the insider directly owned 402,464 shares of the company’s stock, valued at approximately $6,632,606.72. This trade represents a 41.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels sold 530,793 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $19.50, for a total value of $10,350,463.50. Following the transaction, the chief financial officer directly owned 1,141,150 shares in the company, valued at $22,252,425. This trade represents a 31.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 970,115 shares of company stock valued at $17,818,490. Company insiders own 1.90% of the company’s stock.

Warner Bros. Discovery 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.