Entropy Technologies LP Has $1.73 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Entropy Technologies LP trimmed its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 41.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,031 shares of the company’s stock after selling 116,057 shares during the quarter. Entropy Technologies LP’s holdings in Warner Bros. Discovery were worth $1,734,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after purchasing an additional 78,653 shares in the last quarter. Hauser Brothers GmbH raised its position in Warner Bros. Discovery by 56.1% in the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock worth $10,106,000 after purchasing an additional 440,000 shares during the last quarter. Private Management Group Inc. lifted its holdings in Warner Bros. Discovery by 37.7% during the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock worth $56,811,000 after buying an additional 1,886,868 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Warner Bros. Discovery during the third quarter valued at $1,474,000. Finally, Blueshift Asset Management LLC bought a new position in Warner Bros. Discovery in the third quarter valued at about $588,000. Institutional investors own 59.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WBD. Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Macquarie increased their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. The Goldman Sachs Group upped their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Bank of America reissued a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Finally, KeyCorp lifted their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.76.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $10.16 on Monday. The stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of -2.22, a PEG ratio of 7.98 and a beta of 1.49. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70. The firm has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $8.99. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the previous year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Activity

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

About Warner Bros. Discovery

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.