First Financial Corp IN Boosts Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

First Financial Corp IN boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 577.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,387 shares of the company’s stock after purchasing an additional 2,887 shares during the quarter. First Financial Corp IN’s holdings in Warner Bros. Discovery were worth $30,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its holdings in Warner Bros. Discovery by 5,128.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 350,559 shares of the company’s stock worth $3,989,000 after purchasing an additional 343,854 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $129,000. Assenagon Asset Management S.A. increased its holdings in shares of Warner Bros. Discovery by 4.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock valued at $9,168,000 after acquiring an additional 36,405 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $105,000. Finally, Nomura Holdings Inc. increased its holdings in shares of Warner Bros. Discovery by 910.3% in the 4th quarter. Nomura Holdings Inc. now owns 167,574 shares of the company’s stock valued at $1,907,000 after acquiring an additional 150,987 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WBD shares. Barrington Research reiterated an “outperform” rating and issued a $15.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, May 28th. Citigroup reduced their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Wolfe Research lowered Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective for the company. in a research report on Tuesday, April 23rd. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, May 10th. Finally, Sanford C. Bernstein reduced their price objective on Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.82.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock traded down $0.06 on Wednesday, reaching $7.18. 8,687,765 shares of the company were exchanged, compared to its average volume of 27,918,170. The stock has a fifty day moving average price of $7.92 and a 200-day moving average price of $9.16. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The company had revenue of $9.96 billion for the quarter, compared to analyst estimates of $10.22 billion. Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current fiscal year.

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.