Czech National Bank Has $18.81 Million Stake in Warner Bros. Discovery, Inc. $WBD

Czech National Bank raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 705,447 shares of the company’s stock after buying an additional 19,951 shares during the period. Czech National Bank’s holdings in Warner Bros. Discovery were worth $18,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WBD. Harbor Investment Advisory LLC grew its holdings in shares of Warner Bros. Discovery by 111.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 942 shares of the company’s stock valued at $25,000 after acquiring an additional 496 shares in the last quarter. Swiss RE Ltd. bought a new stake in Warner Bros. Discovery during the fourth quarter worth about $26,000. Fideuram Asset Management Ireland dac bought a new stake in Warner Bros. Discovery during the fourth quarter worth about $29,000. MV Capital Management Inc. acquired a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $30,000. Finally, Cedar Mountain Advisors LLC boosted its position in Warner Bros. Discovery by 62.2% during the second quarter. Cedar Mountain Advisors LLC now owns 1,113 shares of the company’s stock valued at $30,000 after purchasing an additional 427 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WBD. Zacks Research downgraded Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Warner Bros. Discovery in a report on Tuesday. Finally, Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Hold” and an average target price of $27.69.

Warner Bros. Discovery News Summary

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: The U.K. Competition and Markets Authority approved Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, removing a significant regulatory hurdle and improving the deal’s prospects. However, the transaction still faces a lawsuit from 12 U.S. state attorneys general. Paramount-Warner Bros. Discovery merger gets boost after UK approval
• Positive Sentiment: WBD reported second-quarter adjusted earnings of $0.06 per share, well above analysts’ consensus estimate for a loss of roughly $0.13 to $0.14 per share. Warner Bros. Discovery Q2 Earnings Surpass Estimates
• Positive Sentiment: Streaming revenue rose 10%, led by HBO Max, highlighting continued growth in the company’s direct-to-consumer business ahead of the proposed Paramount combination. Warner Bros. Discovery reports 10% jump in streaming revenue
• Neutral Sentiment: Lionsgate CEO Jon Feltheimer endorsed the Paramount-WBD merger, saying prolonged uncertainty is harmful to the entertainment industry. The comments offer industry support but do not resolve the transaction’s legal obstacles. Paramount-WBD Deal Endorsed By Lionsgate CEO
• Negative Sentiment: Second-quarter revenue fell 11.2% year over year to $8.72 billion, below the approximately $9.25 billion consensus estimate. Soft advertising, weaker box-office results and the absence of NBA programming weighed on results. Warner Bros Discovery revenue disappoints
• Negative Sentiment: The Paramount deal remains vulnerable to U.S. antitrust litigation, while merger uncertainty is complicating strategic planning and creating challenges for employees. Paramount’s Warner Concessions Give Credibility to U.S. Lawsuit

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $26.78 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 12 month low of $10.76 and a 12 month high of $30.00. The stock has a 50 day moving average of $26.49 and a 200-day moving average of $27.20. The company has a market capitalization of $67.14 billion, a P/E ratio of -21.09 and a beta of 1.55.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.20. Warner Bros. Discovery had a negative return on equity of 8.91% and a negative net margin of 8.77%.The business had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the business earned $0.63 EPS. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. As a group, equities research analysts predict that Warner Bros. Discovery, Inc. will post -1.08 EPS for the current year.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.