Camelot Portfolios LLC Has $269,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Camelot Portfolios LLC lowered its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,481 shares of the company’s stock after selling 3,800 shares during the period. Camelot Portfolios LLC’s holdings in Warner Bros. Discovery were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $33,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $37,000. Larson Financial Group LLC lifted its holdings in Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after acquiring an additional 1,754 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its position in Warner Bros. Discovery by 448.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after purchasing an additional 3,743 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ:WBD opened at $10.78 on Friday. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The stock has a fifty day moving average of $10.33 and a 200 day moving average of $9.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $26.45 billion, a price-to-earnings ratio of -2.35, a P/E/G ratio of 8.52 and a beta of 1.49.

Insider Activity

In related news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Bank of America reaffirmed a “buy” rating and set a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. KeyCorp lifted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Barclays increased their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Finally, Rosenblatt Securities increased their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus price target of $11.76.

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.