R Squared Ltd Makes New $126,000 Investment in Warner Bros. Discovery, Inc. $WBD

R Squared Ltd acquired a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the second quarter, HoldingsChannel reports. The firm acquired 10,980 shares of the company’s stock, valued at approximately $126,000.

Other large investors also recently modified their holdings of the company. Voya Investment Management LLC raised its holdings in shares of Warner Bros. Discovery by 34.9% in the 1st quarter. Voya Investment Management LLC now owns 7,035,842 shares of the company’s stock worth $75,495,000 after purchasing an additional 1,820,249 shares during the period. Bfsg LLC raised its holdings in shares of Warner Bros. Discovery by 11.2% in the 2nd quarter. Bfsg LLC now owns 156,906 shares of the company’s stock worth $1,798,000 after purchasing an additional 15,786 shares during the period. Country Club Bank raised its holdings in shares of Warner Bros. Discovery by 54.3% in the 2nd quarter. Country Club Bank now owns 502,878 shares of the company’s stock worth $5,683,000 after purchasing an additional 176,994 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Warner Bros. Discovery in the 2nd quarter worth about $4,089,000. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of Warner Bros. Discovery by 4.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 878,600 shares of the company’s stock worth $10,069,000 after purchasing an additional 36,100 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $21.15 on Monday. Warner Bros. Discovery, Inc. has a 12 month low of $7.49 and a 12 month high of $21.57. 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 firm has a market capitalization of $52.36 billion, a PE ratio of 70.50, a P/E/G ratio of 2.57 and a beta of 1.73. The company’s 50 day simple moving average is $16.40 and its 200 day simple moving average is $12.50.

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

Wall Street Analyst Weigh In

WBD has been the subject of several recent research reports. TD Cowen reiterated a “hold” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, September 16th. Barclays set a $20.00 price target on Warner Bros. Discovery in a report on Wednesday, October 8th. Singular Research upgraded Warner Bros. Discovery to a “moderate buy” rating in a report on Wednesday, October 22nd. Barrington Research restated an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, July 30th. Finally, Bank of America lifted their price target on Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.68.

Insider Activity at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 530,793 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the transaction, the chief financial officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Campbell sold 289,322 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $16.48, for a total transaction of $4,768,026.56. Following the transaction, the insider owned 402,464 shares in the company, valued at $6,632,606.72. This represents a 41.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 970,115 shares of company stock worth $17,818,490 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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.