Jupiter Asset Management Ltd. Takes Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Jupiter Asset Administration Ltd. acquired a brand new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) within the 2nd quarter, in response to the corporate in its most up-to-date submitting with the Securities and Trade Fee. The agency acquired 1,665,972 shares of the corporate’s inventory, valued at roughly $20,875,000. Jupiter Asset Administration Ltd. owned 0.07% of Warner Bros. Discovery as of its most up-to-date submitting with the Securities and Trade Fee.

A number of different hedge funds and different institutional traders have additionally made adjustments to their positions within the inventory. Thompson Siegel & Walmsley LLC acquired a brand new stake in Warner Bros. Discovery within the third quarter valued at $32,838,000. Retirement Methods of Alabama acquired a brand new stake in Warner Bros. Discovery within the third quarter valued at $8,438,000. First Belief Advisors LP acquired a brand new stake in Warner Bros. Discovery within the third quarter valued at $4,168,000. Value T Rowe Associates Inc. MD acquired a brand new stake in Warner Bros. Discovery within the third quarter valued at $49,058,000. Lastly, Two Sigma Advisers LP acquired a brand new stake in Warner Bros. Discovery within the third quarter valued at $601,000. Hedge funds and different institutional traders personal 58.26% of the corporate’s inventory.

Wall Road Analysts Forecast Development

WBD has been the subject of a number of analysis experiences. Guggenheim lowered their goal worth on Warner Bros. Discovery from $18.00 to $15.00 in a report on Wednesday, October 4th. The Goldman Sachs Group decreased their worth goal on Warner Bros. Discovery from $17.00 to $15.00 and set a “purchase” ranking on the inventory in a analysis notice on Thursday, November ninth. Morgan Stanley decreased their worth goal on Warner Bros. Discovery from $15.00 to $14.00 and set an “equal weight” ranking on the inventory in a analysis notice on Tuesday, November seventh. Benchmark decreased their worth goal on Warner Bros. Discovery from $26.00 to $24.00 and set a “purchase” ranking on the inventory in a analysis notice on Tuesday, November seventh. Lastly, Sanford C. Bernstein started protection on Warner Bros. Discovery in a analysis notice on Thursday, October fifth. They set an “outperform” ranking and a $19.00 worth goal on the inventory. One analysis analyst has rated the inventory with a promote ranking, 4 have given a maintain ranking and eleven have given a purchase ranking to the corporate. In line with information from MarketBeat.com, the inventory has a consensus ranking of “Average Purchase” and a consensus worth goal of $16.73.

Examine Out Our Newest Evaluation on WBD

Warner Bros. Discovery Value Efficiency

Warner Bros. Discovery inventory opened at $10.32 on Friday. The inventory’s 50-day shifting common is $10.67 and its 200-day shifting common is $11.98. The corporate has a debt-to-equity ratio of 0.95, a fast ratio of 0.88 and a present ratio of 0.88. Warner Bros. Discovery, Inc. has a 12 month low of $8.82 and a 12 month excessive of $16.34.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) final launched its quarterly earnings information on Wednesday, November eighth. The corporate reported ($0.17) EPS for the quarter, lacking analysts’ consensus estimates of ($0.01) by ($0.16). The agency had income of $9.98 billion throughout the quarter, in comparison with analysts’ expectations of $9.97 billion. Warner Bros. Discovery had a unfavorable return on fairness of 0.47% and a unfavorable internet margin of 11.48%. The enterprise’s income for the quarter was up 1.6% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the enterprise earned $0.17 earnings per share. Equities analysis analysts anticipate that Warner Bros. Discovery, Inc. will put up -1.18 earnings per share for the present yr.

Warner Bros. Discovery Firm Profile

(Free Report)

Warner Bros. Discovery, Inc, operates a media and leisure firm worldwide. It operates by way of three segments: Studios, Community, and DTC. The Studios phase produces and releases function movies for preliminary exhibition in theaters; produces and lienses tv packages to 3rd events and networks and direct-to-consumer companies; distributes movies and tv packages to numerous third events and inner tv; and provides streaming companies and distribution by way of the house leisure market, themed expertise licensing, and interactive gaming.

Really useful Tales

Wish to see what different hedge funds are holding WBD? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report).

Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

This on the spot information alert was generated by narrative science know-how and monetary information from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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