Gamco Investors INC. ET AL Has $54.95 Million Stake in Warner Bros. Discovery, Inc. $WBD

Gamco Investors INC. ET AL reduced its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 27.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,001,251 shares of the company’s stock after selling 766,572 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Warner Bros. Discovery were worth $54,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. PSquared Asset Management AG raised its position in Warner Bros. Discovery by 7.9% in the 1st quarter. PSquared Asset Management AG now owns 1,663,164 shares of the company’s stock worth $45,670,000 after purchasing an additional 122,288 shares during the last quarter. Compound Planning Inc. lifted its holdings in Warner Bros. Discovery by 20.4% during the 1st quarter. Compound Planning Inc. now owns 30,392 shares of the company’s stock worth $835,000 after buying an additional 5,151 shares in the last quarter. Bank of Nova Scotia boosted its position in Warner Bros. Discovery by 17.3% in the 1st quarter. Bank of Nova Scotia now owns 4,998,709 shares of the company’s stock valued at $137,265,000 after buying an additional 738,783 shares during the last quarter. DLD Asset Management LP boosted its position in Warner Bros. Discovery by 66.1% in the 1st quarter. DLD Asset Management LP now owns 28,400 shares of the company’s stock valued at $780,000 after buying an additional 11,300 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at $275,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WBD shares. Seaport Research Partners upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, June 29th. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. Finally, Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery presently has a consensus rating of “Hold” and an average price target of $27.04.

Key Stories Impacting Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

Warner Bros. Discovery Stock Down 0.7%

NASDAQ:WBD opened at $25.77 on Friday. Warner Bros. Discovery, Inc. has a 12-month low of $10.76 and a 12-month high of $30.00. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $64.61 billion, a P/E ratio of -36.81 and a beta of 1.54. The stock’s fifty day simple moving average is $26.72 and its 200-day simple moving average is $27.39.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period last year, the firm earned ($0.18) earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.