OMERS ADMINISTRATION Corp Purchases 25,159 Shares of Warner Bros. Discovery, Inc. $WBD

OMERS ADMINISTRATION Corp increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 30.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,902 shares of the company’s stock after acquiring an additional 25,159 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Warner Bros. Discovery were worth $2,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss RE Ltd. acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth $26,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $29,000. MV Capital Management Inc. acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter worth $30,000. Rakuten Securities Inc. boosted its position in shares of Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Warner Bros. Discovery during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analyst Ratings Changes

WBD has been the topic of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. UBS Group upped their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings lowered shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Finally, Seaport Research Partners cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.04.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Paramount CEO David Ellison said he remains confident that the Paramount–Warner Bros. Discovery transaction will clear legal hurdles and close, reassuring employees and investors despite the delay. Paramount CEO confident on Warner Bros. merger
• Positive Sentiment: A Wall Street Journal opinion article argued that combining Paramount and WBD could help Hollywood compete in a highly concentrated global entertainment market. While not a formal regulatory decision, the view supports the strategic rationale for the deal. The Paramount-Warner Merger Could Save Hollywood
• Neutral Sentiment: WBD sued Amazon over the hiring of an HBO Max executive, calling the recruitment effort an “employee shopping spree” and seeking an order restricting future employee poaching. The case could protect key talent, but litigation may also create costs and management distraction. Warner Bros. Discovery sues Amazon over HBO Max executive hire
• Negative Sentiment: SAG-AFTRA and other entertainment-industry voices oppose the Paramount-WBD deal, while state antitrust litigation and concerns from some WBD executives raise the risk of additional delays or concessions. SAG-AFTRA opposes Paramount-WBD deal
• Negative Sentiment: Seaport Research downgraded WBD to “neutral” from “buy,” citing merger uncertainty and insufficient regulatory clarity. The downgrade contributed to recent selling pressure as investors reassess the deal’s timing and probability. Warner Bros Stock Downgraded After Paramount Merger Delay

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $25.61 on Wednesday. Warner Bros. Discovery, Inc. has a 52 week low of $10.76 and a 52 week high of $30.00. The business’s 50 day moving average price is $26.65 and its 200 day moving average price is $27.34. 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 cap of $64.21 billion, a P/E ratio of -36.59 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (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 business had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. During the same period in the prior year, the business posted ($0.18) earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side 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.