Healthcare of Ontario Pension Plan Trust Fund Raises Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 107.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 466,104 shares of the company’s stock after buying an additional 241,150 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Warner Bros. Discovery were worth $3,845,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Warner Bros. Discovery during the 2nd quarter worth approximately $26,000. OFI Invest Asset Management lifted its holdings in Warner Bros. Discovery by 45.9% during the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after acquiring an additional 1,221 shares during the period. Bank & Trust Co purchased a new position in Warner Bros. Discovery in the second quarter worth $39,000. LRI Investments LLC bought a new position in Warner Bros. Discovery in the 1st quarter valued at $39,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $41,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 1.0 %

Shares of NASDAQ:WBD opened at $10.48 on Friday. The firm has a fifty day moving average price of $8.54 and a two-hundred day moving average price of $8.03. The company has a market cap of $25.71 billion, a price-to-earnings ratio of -2.29 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) earnings per share. Analysts anticipate that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James increased their price target on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $12.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, November 7th. Evercore ISI dropped their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Moffett Nathanson decreased their target price on Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.55.

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.