Guardian Investment Management Has $496,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Guardian Investment Management raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,580 shares of the company’s stock after buying an additional 5,434 shares during the period. Guardian Investment Management’s holdings in Warner Bros. Discovery were worth $496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBD. Fortis Group Advisors LLC bought a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at about $25,000. Peoples Bank KS bought a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at about $27,000. Pacifica Partners Inc. grew its position in shares of Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after acquiring an additional 1,345 shares during the period. Milestone Investment Advisors LLC bought a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at about $28,000. Finally, Headinvest LLC bought a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at about $28,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Trading Up 1.2 %

NASDAQ WBD traded up $0.10 on Thursday, hitting $8.33. 14,544,033 shares of the stock were exchanged, compared to its average volume of 26,628,967. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average price of $8.82 and a two-hundred day moving average price of $10.07. The firm has a market capitalization of $20.32 billion, a P/E ratio of -6.43 and a beta of 1.51. Warner Bros. Discovery, Inc. has a 52-week low of $8.02 and a 52-week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current fiscal year.

Analyst Ratings Changes

WBD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Macquarie lowered their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a report on Monday, March 4th. Wells Fargo & Company downgraded shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $12.00 in a report on Monday, January 29th. Finally, Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their target price for the company from $7.00 to $10.00 in a report on Thursday, March 21st. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.24.

Warner Bros. Discovery 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.