Hussman Strategic Advisors Inc. Has $2.05 Million Position in Warner Bros. Discovery, Inc. $WBD

Hussman Strategic Advisors Inc. cut its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,000 shares of the company’s stock after selling 105,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Warner Bros. Discovery were worth $2,051,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WBD. TriaGen Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter valued at approximately $443,000. Penserra Capital Management LLC lifted its holdings in shares of Warner Bros. Discovery by 29,882.6% in the 2nd quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock worth $710,000 after purchasing an additional 61,857 shares in the last quarter. Country Club Bank lifted its holdings in shares of Warner Bros. Discovery by 54.3% in the 2nd quarter. Country Club Bank now owns 502,878 shares of the company’s stock worth $5,683,000 after purchasing an additional 176,994 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Warner Bros. Discovery by 7.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock valued at $223,049,000 after purchasing an additional 1,333,005 shares during the period. Finally, Swedbank AB increased its stake in Warner Bros. Discovery by 3.7% during the 3rd quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock valued at $20,808,000 after purchasing an additional 37,986 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Trading Down 0.6%

NASDAQ:WBD opened at $28.07 on Wednesday. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The firm has a 50-day moving average price of $27.41 and a two-hundred day moving average price of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $69.56 billion, a price-to-earnings ratio of 147.74 and a beta of 1.56.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.Warner Bros. Discovery’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group set a $32.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, January 15th. Redburn Partners set a $28.00 target price on shares of Warner Bros. Discovery in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $29.50 price target on shares of Warner Bros. Discovery in a research report on Monday, December 8th. Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research note on Thursday, December 18th. Finally, Bank of America increased their price objective on Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and a consensus target price of $24.94.

Insider Buying and Selling at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction dated 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 directly owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. The trade was 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 hyperlink. Also, CAO Lori C. Locke sold 5,000 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $27.62, for a total transaction of $138,100.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 489,326 shares of company stock worth $12,781,456. Insiders own 1.80% of the company’s stock.

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.