VisionPoint Advisory Group LLC trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,710 shares of the company’s stock after selling 8,484 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Warner Bros. Discovery were worth $519,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB acquired a new position in Warner Bros. Discovery during the third quarter worth about $1,031,000. Creative Planning grew its position in Warner Bros. Discovery by 14.1% during the third quarter. Creative Planning now owns 357,699 shares of the company’s stock worth $2,951,000 after buying an additional 44,129 shares during the period. Bleakley Financial Group LLC grew its position in Warner Bros. Discovery by 48.2% during the third quarter. Bleakley Financial Group LLC now owns 20,795 shares of the company’s stock worth $172,000 after buying an additional 6,766 shares during the period. Blue Trust Inc. grew its position in Warner Bros. Discovery by 132.9% during the third quarter. Blue Trust Inc. now owns 15,449 shares of the company’s stock worth $127,000 after buying an additional 8,815 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Warner Bros. Discovery by 1.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company’s stock worth $885,000 after buying an additional 1,651 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.
Warner Bros. Discovery Stock Performance
Shares of WBD opened at $11.04 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $9.10. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on WBD
Insiders Place Their Bets
In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.
Warner Bros. Discovery 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.
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