Sterling Capital Management LLC Trims Stock Position in Warner Bros. Discovery, Inc. $WBD

Sterling Capital Management LLC lessened its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 43.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,697 shares of the company’s stock after selling 59,639 shares during the quarter. Sterling Capital Management LLC’s holdings in Warner Bros. Discovery were worth $2,161,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisory Group LLC acquired a new position in Warner Bros. Discovery in the 4th quarter valued at $3,438,000. Hauser Brothers GmbH boosted its holdings in shares of Warner Bros. Discovery by 19.8% during the third quarter. Hauser Brothers GmbH now owns 2,877,000 shares of the company’s stock worth $56,188,000 after purchasing an additional 476,000 shares during the last quarter. US Bancorp DE grew its position in shares of Warner Bros. Discovery by 32.7% in the third quarter. US Bancorp DE now owns 175,293 shares of the company’s stock valued at $3,423,000 after purchasing an additional 43,240 shares during the period. Triad Investment Management acquired a new position in Warner Bros. Discovery in the fourth quarter valued at $9,383,000. Finally, Mn Services Vermogensbeheer B.V. lifted its position in Warner Bros. Discovery by 4.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock worth $26,419,000 after buying an additional 38,105 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on WBD. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Weiss Ratings cut shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Finally, Wells Fargo & Company assumed coverage on shares of Warner Bros. Discovery in a research note on Monday, March 9th. They set an “equal weight” rating and a $31.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Hold” and a consensus price target of $27.04.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD opened at $26.74 on Monday. The business’s 50-day simple moving average is $26.98 and its 200 day simple moving average is $27.71. The company has a market cap of $67.04 billion, a P/E ratio of -38.20 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. Warner Bros. Discovery, Inc. has a one year low of $10.76 and a one year high of $30.00.

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

Key Warner Bros. Discovery News

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

• Positive Sentiment: Shares rose on reports that EU regulators may be willing to approve a Paramount deal involving Warner Bros. Discovery, raising hopes that a merger could unlock value for WBD shareholders. Article Title
• Positive Sentiment: Warner Bros. Discovery’s DC strategy remains in focus after Warner Bros. Animation announced three new DC TV series, reinforcing the company’s ability to keep building its superhero content pipeline. Article Title
• Positive Sentiment: The company also teamed with AWS around the “Supergirl” release, extending DC’s reach and adding another marketing/engagement channel for the franchise. Article Title
• Neutral Sentiment: Coverage on Warner Bros. Discovery’s lifestyle merchandising strategy questioned whether it deepens the DC brand or risks diluting focus; this looks more like a strategic debate than a near-term financial catalyst. Article Title
• Neutral Sentiment: Forbes reported that Warner Bros. is likely to keep its existing PVOD release strategy for DC’s “Supergirl,” suggesting continuity rather than a major change to the film monetization approach. Article Title

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.