Catalyst Capital Advisors LLC Has $105,000 Stock Position in Warner Bros. Discovery, Inc. $WBD

Catalyst Capital Advisors LLC raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 379.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,147 shares of the company’s stock after buying an additional 7,238 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Warner Bros. Discovery were worth $105,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WBD. Independent Franchise Partners LLP acquired a new position in Warner Bros. Discovery in the first quarter valued at approximately $140,224,000. Nuveen LLC bought a new stake in Warner Bros. Discovery during the first quarter worth $96,971,000. KBC Group NV grew its holdings in Warner Bros. Discovery by 682.8% during the first quarter. KBC Group NV now owns 7,145,308 shares of the company’s stock worth $76,669,000 after buying an additional 6,232,561 shares in the last quarter. Apollo Management Holdings L.P. bought a new stake in Warner Bros. Discovery during the first quarter worth $65,031,000. Finally, Dimensional Fund Advisors LP grew its holdings in Warner Bros. Discovery by 63.7% during the first quarter. Dimensional Fund Advisors LP now owns 12,839,389 shares of the company’s stock worth $137,700,000 after buying an additional 4,994,894 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Anton J. Levy purchased 75,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were purchased at an average price of $11.00 per share, with a total value of $825,000.00. Following the acquisition, the director directly owned 949,000 shares in the company, valued at approximately $10,439,000. The trade was a 8.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 530,793 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 1,141,150 shares in the company, valued at approximately $22,252,425. The trade was a 31.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 970,115 shares of company stock valued at $17,818,490 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Seaport Global Securities upped their price target on Warner Bros. Discovery from $15.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, July 30th. Sanford C. Bernstein upped their price objective on Warner Bros. Discovery from $13.00 to $16.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. Singular Research upgraded Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday. Finally, Benchmark increased their price target on Warner Bros. Discovery from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.68.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $21.15 on Friday. The stock’s 50-day simple moving average is $16.40 and its 200 day simple moving average is $12.47. The stock has a market capitalization of $52.36 billion, a price-to-earnings ratio of 70.50, a price-to-earnings-growth ratio of 2.57 and a beta of 1.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04. Warner Bros. Discovery, Inc. has a 52-week low of $7.49 and a 52-week high of $21.57.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.79. The business had revenue of $9.81 billion for the quarter, compared to analysts’ expectations of $9.73 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($4.07) EPS. Research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal 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.