Centaurus Financial Inc. Has $143,000 Stock Position in Warner Bros. Discovery, Inc. $WBD

Centaurus Financial Inc. reduced its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 82.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,215 shares of the company’s stock after selling 24,519 shares during the period. Centaurus Financial Inc.’s holdings in Warner Bros. Discovery were worth $143,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WBD. Venturi Wealth Management LLC increased its position in shares of Warner Bros. Discovery by 4.5% during the first quarter. Venturi Wealth Management LLC now owns 8,462 shares of the company’s stock worth $232,000 after acquiring an additional 367 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of Warner Bros. Discovery by 2.6% during the first quarter. Krilogy Financial LLC now owns 14,809 shares of the company’s stock worth $406,000 after acquiring an additional 369 shares during the period. Optas LLC lifted its position in Warner Bros. Discovery by 2.7% in the 1st quarter. Optas LLC now owns 15,529 shares of the company’s stock valued at $426,000 after acquiring an additional 409 shares in the last quarter. William B. Walkup & Associates Inc. lifted its position in Warner Bros. Discovery by 5.6% in the 1st quarter. William B. Walkup & Associates Inc. now owns 7,837 shares of the company’s stock valued at $215,000 after acquiring an additional 414 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Warner Bros. Discovery by 20.2% in the 4th quarter. Salomon & Ludwin LLC now owns 2,494 shares of the company’s stock worth $71,000 after purchasing an additional 419 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

WBD opened at $26.09 on Tuesday. Warner Bros. Discovery, Inc. has a 52-week low of $10.76 and a 52-week high of $30.00. The firm has a market capitalization of $65.41 billion, a PE ratio of -37.27 and a beta of 1.54. 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 business’s 50-day simple moving average is $26.55 and its 200 day simple moving average is $27.26.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The company had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) earnings per share. As a group, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WBD. Weiss Ratings cut Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. UBS Group increased their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Zacks Research lowered Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery Company 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.