Eudaimonia Partners LLC Takes Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Eudaimonia Partners LLC bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,038 shares of the company’s stock, valued at approximately $184,000.

Several other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $2,938,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $67,859,000. Sandy Spring Bank purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $155,000. Achmea Investment Management B.V. purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $842,000. Finally, TSP Capital Management Group LLC purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $7,035,000. 55.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WBD shares. Guggenheim upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price objective for the company in a report on Wednesday, January 11th. Macquarie cut their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. Cowen cut their target price on shares of Warner Bros. Discovery to $17.00 in a research report on Tuesday, November 15th. Royal Bank of Canada cut their target price on shares of Warner Bros. Discovery from $44.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, November 7th. Finally, Credit Suisse Group cut their target price on shares of Warner Bros. Discovery from $39.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.18.

Warner Bros. Discovery Stock Down 1.0 %

WBD opened at $13.38 on Wednesday. The stock has a market cap of $32.49 billion, a price-to-earnings ratio of -7.96, a price-to-earnings-growth ratio of 1.30 and a beta of 1.37. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $27.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s fifty day moving average is $11.00 and its 200 day moving average is $12.32.

Warner Bros. Discovery (NASDAQ:WBD – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Warner Bros. Discovery had a negative net margin of 20.13% and a positive return on equity of 2.18%. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post 0.65 earnings per share for the current fiscal year.

Warner Bros. Discovery Company Profile

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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.