Warner Bros. Discovery, Inc. $WBD is Eubel Brady & Suttman Asset Management Inc.’s 2nd Largest Position

Eubel Brady & Suttman Asset Management Inc. cut its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,277,642 shares of the company’s stock after selling 63,865 shares during the quarter. Warner Bros. Discovery comprises about 5.1% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its 2nd biggest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Warner Bros. Discovery were worth $44,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Concord Wealth Partners lifted its stake in shares of Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Warner Bros. Discovery during the second quarter valued at about $29,000. Grove Bank & Trust boosted its holdings in shares of Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares in the last quarter. Finally, Crews Bank & Trust boosted its holdings in shares of Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after buying an additional 1,590 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on WBD. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $29.50 price objective on shares of Warner Bros. Discovery in a research note on Monday, December 8th. The Goldman Sachs Group lifted their price target on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a report on Friday, November 7th. UBS Group increased their price objective on Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. TD Cowen raised their price objective on Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. Finally, Morgan Stanley set a $29.00 target price on Warner Bros. Discovery in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.94.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Paramount added a 25¢/share quarterly “ticking fee” for delays past Dec. 31, 2026, and pledged to cover the $2.8B Netflix termination fee — changes that materially reduce regulatory/timing risk for shareholders and make the $30 offer more attractive versus Netflix’s $27.75 deal. Strategic Masterstroke: Paramount Adds a Ticking Fee to Warner Bros. Bid
• Positive Sentiment: Activist Ancora has built roughly a $200M stake in WBD and publicly threatened a proxy fight, urging the board to engage with Paramount and arguing Paramount’s amended offer could be a “Superior Proposal” — pressure that raises the chance the board reopens talks or shareholders support the higher cash bid. Activist investor Ancora builds stake in Warner Bros, plans to oppose Netflix deal
• Neutral Sentiment: Market pricing reflects an “arbitrage spread” — WBD trades above the signed Netflix floor ($27.75) but below Paramount’s $30, implying the market assigns a real (but narrowing) chance Paramount succeeds; short interest has also declined recently, reducing downside pressure. Strategic Masterstroke: Paramount Adds a Ticking Fee to Warner Bros. Bid
• Negative Sentiment: Significant regulatory and governance risks remain: WBD’s board previously recommended Netflix’s agreement, antitrust reviews could still block or delay a deal, and a proxy fight would add cost and uncertainty — any of which could produce volatility or a lower eventual outcome. Where the Battle for Warner Bros. Stands Now

Insider Transactions at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the transaction, the chief financial officer owned 918,940 shares in the company, valued at approximately $27,108,730. This represents a 20.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $27.62, for a total transaction of $138,100.00. Following the sale, the chief accounting officer owned 110,084 shares of the company’s stock, valued at approximately $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 267,116 shares of company stock worth $7,781,731 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $27.99 on Thursday. The company has a market cap of $69.35 billion, a price-to-earnings ratio of 147.30 and a beta of 1.64. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $28.26 and its 200 day moving average price is $21.38. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00.

About Warner Bros. Discovery

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.