Arete Wealth Advisors LLC Has $85,000 Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Arete Wealth Advisors LLC reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,330 shares of the company’s stock after selling 1,689 shares during the period. Arete Wealth Advisors LLC’s holdings in Warner Bros. Discovery were worth $85,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Warner Bros. Discovery by 3.1% in the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after purchasing an additional 78,653 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of Warner Bros. Discovery by 37.7% during the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock worth $56,811,000 after buying an additional 1,886,868 shares during the period. Hauser Brothers GmbH grew its stake in Warner Bros. Discovery by 56.1% in the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after buying an additional 440,000 shares during the last quarter. Erste Asset Management GmbH bought a new position in Warner Bros. Discovery in the 3rd quarter valued at about $1,474,000. Finally, Blueshift Asset Management LLC acquired a new stake in Warner Bros. Discovery during the third quarter worth approximately $588,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 3.4 %

Shares of Warner Bros. Discovery stock opened at $12.07 on Friday. The firm has a market capitalization of $29.61 billion, a PE ratio of -2.64 and a beta of 1.52. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average is $9.11 and its 200 day moving average is $8.24. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.79 billion. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WBD shares. Rosenblatt Securities upped their target price on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday. KeyCorp upped their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Benchmark reissued a “buy” rating and set a $18.00 target price on shares of Warner Bros. Discovery in a report on Friday, September 13th. Barrington Research restated an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research note on Friday. Finally, Macquarie lifted their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.33.

Warner Bros. Discovery Company 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.