Lee Danner & Bass Inc. Sells 1,575 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Lee Danner & Bass Inc. cut its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 43,605 shares of the company’s stock after selling 1,575 shares during the period. Lee Danner & Bass Inc.’s holdings in Warner Bros. Discovery were worth $496,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in Warner Bros. Discovery by 15.2% during the third quarter. Oppenheimer & Co. Inc. now owns 409,018 shares of the company’s stock valued at $4,442,000 after purchasing an additional 53,909 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Warner Bros. Discovery by 39.9% during the third quarter. Daiwa Securities Group Inc. now owns 423,008 shares of the company’s stock valued at $4,594,000 after purchasing an additional 120,586 shares during the last quarter. New South Capital Management Inc. lifted its position in Warner Bros. Discovery by 21.1% during the third quarter. New South Capital Management Inc. now owns 4,082,322 shares of the company’s stock valued at $44,334,000 after purchasing an additional 711,820 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Warner Bros. Discovery by 4.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock valued at $9,168,000 after purchasing an additional 36,405 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in Warner Bros. Discovery during the fourth quarter valued at approximately $105,000. 59.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Redburn Atlantic lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Thursday, January 11th. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. JPMorgan Chase & Co. decreased their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Citigroup decreased their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Finally, Macquarie decreased their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.83.

Warner Bros. Discovery Stock Up 0.8 %

Shares of NASDAQ WBD opened at $8.47 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 52 week low of $8.02 and a 52 week high of $14.76. The firm’s fifty day moving average is $8.77 and its 200 day moving average is $10.04. The company has a market cap of $20.66 billion, a price-to-earnings ratio of -6.62 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

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.