Lombard Odier Asset Management Switzerland SA Decreases Holdings in Warner Bros. Discovery, Inc. $WBD

Lombard Odier Asset Management Switzerland SA cut its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 34.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,651 shares of the company’s stock after selling 32,368 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Warner Bros. Discovery were worth $1,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swiss RE Ltd. purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter worth $26,000. Fideuram Asset Management Ireland dac purchased a new position in Warner Bros. Discovery during the fourth quarter worth about $29,000. MV Capital Management Inc. purchased a new position in Warner Bros. Discovery during the fourth quarter worth about $30,000. JPL Wealth Management LLC bought a new position in Warner Bros. Discovery in the 3rd quarter worth about $33,000. Finally, Rakuten Securities Inc. increased its stake in 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 acquiring an additional 521 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $25.28 on Tuesday. 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 capitalization of $63.38 billion, a PE ratio of -36.11 and a beta of 1.54. The firm has a fifty day simple moving average of $26.68 and a two-hundred day simple moving average of $27.36. Warner Bros. Discovery, Inc. has a twelve month low of $10.76 and a twelve month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $8.89 billion. During the same period last year, the business posted ($0.18) earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Analyst Upgrades and Downgrades

WBD has been the subject of a number of research analyst reports. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings downgraded shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. UBS Group boosted their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.04.

Warner Bros. Discovery 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.