Ionic Capital Management LLC Purchases Shares of 35,000 Warner Bros. Discovery, Inc. $WBD

Ionic Capital Management LLC purchased a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 35,000 shares of the company’s stock, valued at approximately $1,009,000.

Other institutional investors have also added to or reduced their stakes in the company. Swiss RE Ltd. bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $29,000. Rakuten Securities Inc. lifted its stake in shares of Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at approximately $33,000. Finally, TOWER TRUST & INVESTMENT Co lifted its stake in shares of Warner Bros. Discovery by 4,730.8% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after purchasing an additional 1,230 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Shares of WBD stock opened at $26.24 on Thursday. Warner Bros. Discovery, Inc. has a 52-week low of $10.27 and a 52-week high of $30.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $65.79 billion, a P/E ratio of -37.49 and a beta of 1.54. The stock has a 50 day moving average price of $27.07 and a 200 day moving average price of $27.62.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results 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 return on equity of 4.77% and a negative net margin of 4.67%.The business had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same period in the prior year, the business posted ($0.18) earnings per share. Warner Bros. Discovery’s revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Chinese regulators reportedly cleared the Paramount Skydance-Warner Bros. Discovery merger, removing another hurdle for the deal and boosting the odds that WBD shareholders receive the agreed cash value. Chinese regulators clear Paramount Skydance-Warner Bros Discovery merger, source says
• Positive Sentiment: Multiple reports say the DOJ has already approved the merger, which lowers regulatory risk and strengthens the merger-arbitrage case for WBD. Paramount Skydance wins DOJ approval for Warner Bros. Discovery merger
• Positive Sentiment: Market commentary highlights the deal as a major catalyst, noting WBD still trades below the $31 cash buyout price, leaving a potential merger-arbitrage spread for investors. Plot Twist: How the $110B Paramount-Warner Deal Rewrites Media
• Neutral Sentiment: Sector articles discussing APAC growth, local content, and broader streaming competition provide background on the media landscape, but do not appear to be a direct stock-moving catalyst for WBD today. Netflix, Prime Video, Disney and WBD on Local Content and APAC Growth
• Negative Sentiment: The stock also weakened in the latest session, with coverage pointing to WBD falling more than the broader market, reflecting ongoing investor caution despite the merger news. Here’s Why Warner Bros. Discovery (WBD) Fell More Than Broader Market

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WBD shares. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a “buy” rating to a “hold” rating and raised their price objective for the company from $29.50 to $31.00 in a research note on Friday, February 27th. Sanford C. Bernstein raised their price objective on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. Finally, Moffett Nathanson raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.