Mraz Amerine & Associates Inc. Sells 121,751 Shares of Warner Bros. Discovery, Inc. $WBD

Mraz Amerine & Associates Inc. trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 51.3% during the 4th quarter, HoldingsChannel reports. The fund owned 115,555 shares of the company’s stock after selling 121,751 shares during the quarter. Warner Bros. Discovery makes up approximately 0.5% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 28th biggest holding. Mraz Amerine & Associates Inc.’s holdings in Warner Bros. Discovery were worth $3,330,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Concord Wealth Partners raised its holdings in shares of Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after buying an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after buying an additional 521 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter worth approximately $33,000. Finally, TOWER TRUST & INVESTMENT Co raised its holdings in shares of Warner Bros. Discovery by 4,730.8% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after buying an additional 1,230 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

WBD stock opened at $27.11 on Friday. The business’s fifty day moving average is $27.28 and its 200-day moving average is $27.10. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The company has a market cap of $67.97 billion, a P/E ratio of -38.73 and a beta of 1.57. Warner Bros. Discovery, Inc. has a twelve month low of $8.83 and a twelve month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The company had revenue of $8.89 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same period last year, the company earned ($0.18) EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current year.

Insiders Place Their Bets

In related news, insider Gerhard Zeiler sold 600,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the sale, the insider owned 672,649 shares in the company, valued at $18,847,624.98. This represents a 47.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul A. Gould sold 600,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the completion of the sale, the director owned 244,357 shares of the company’s stock, valued at approximately $6,683,163.95. This represents a 71.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,206,827 shares of company stock worth $230,674,025 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Paul Tudor Jones’ hedge fund reportedly bought 7 million shares of Warner Bros. Discovery (WBD), which may signal that sophisticated investors see upside in the company’s turnaround or merger-related value creation.
• Positive Sentiment: Wall Street banks led by JPMorgan reportedly expanded WBD’s refinancing loan package to more than $10 billion, suggesting lenders are still willing to support the company’s debt restructuring ahead of the planned Paramount merger. Article Title
• Neutral Sentiment: Several reports say Paramount is still aiming to close the merger as early as July, or by the third quarter, which keeps the deal timeline intact but does not remove execution risk.
• Neutral Sentiment: Market commentary noted WBD shares outperformed peers on a strong trading day, reflecting renewed trading interest rather than a clearly company-specific catalyst.
• Negative Sentiment: Democratic senators raised concerns about foreign ownership in the proposed Paramount-WBD merger and urged a rigorous FCC review, increasing the chance of regulatory delays. Article Title
• Negative Sentiment: Reports that bondholders are pushing back on the debt swap and that the merger could trigger credit downgrades highlight financing and credit-risk concerns around the deal, which may weigh on WBD sentiment. Article Title

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Huber Research cut Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. Sanford C. Bernstein increased their target price on Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Benchmark reissued a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Moffett Nathanson raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Finally, Zacks Research downgraded Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.36.

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.