On September 17, 2023, Sanders Morris Harris LLC’s recent disclosure with the Securities and Exchange Commission (SEC) revealed that it has significantly increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD). The firm reported a boost of 86.7% in the second quarter, acquiring an additional 9,361 shares of WBD’s stock. As a result, Sanders Morris Harris LLC now holds 20,152 shares of the company, valued at approximately $257,000.
This increase in ownership demonstrates Sanders Morris Harris LLC’s confidence in Warner Bros. Discovery and its potential for growth in the future. By expanding its holdings in WBD, Sanders Morris Harris LLC is positioning itself to benefit from any positive developments within the company.
Warner Bros. Discovery, Inc., listed on NASDAQ as WBD, opened at $11.84 on Friday, further emphasizing the timeliness of this article. With a market capitalization of $28.86 billion and a P/E ratio of -4.29, Warner Bros. Discovery presents investors with unique opportunities.
It is worth noting that Warner Bros. Discovery has a beta value of 1.51, indicating that the stock is expected to be more volatile than the overall market average. This can be both advantageous and challenging for investors seeking to capitalize on price fluctuations.
The company maintains a current ratio and quick ratio of 0.81 each, suggesting that it possesses sufficient liquidity to meet short-term obligations efficiently. Moreover, with a debt-to-equity ratio of 0.95, Warner Bros. Discovery indicates a balanced approach towards financing its operations.
Over the past year, Warner Bros. Discovery has experienced varying price levels between $8.82 and $16.34 per share as its 12-month low and high points respectively. As such, investors should carefully assess these historical trends when making investment decisions regarding WBD.
In terms of price performance, Warner Bros. Discovery currently has a fifty-day simple moving average of $12.71 and a 200-day simple moving average of $13.14. These figures offer investors insights into the stock’s recent price movements and potential future trends.
As with any investment, it is crucial for investors to conduct thorough research and exercise caution when considering acquiring shares in Warner Bros. Discovery, Inc. While Sanders Morris Harris LLC appears optimistic about its increased holdings, it is essential to assess individual financial goals, risk tolerance, and investment strategies before committing to any transaction.
In conclusion, Sanders Morris Harris LLC has bolstered its position in Warner Bros. Discovery, Inc. during the second quarter of 2023 by adding over 9,361 shares to its portfolio. The disclosure reflects their confidence in the company’s future prospects and aligns with NASDAQ:WBD’s current market capitalization of $28.86 billion. However, given the stock’s volatility and historical price fluctuations between $8.82 and $16.34 per share over the past twelve months, it is recommended that potential investors exercise careful consideration before making any investment decisions related to Warner Bros. Discovery, Inc.’s stock.
Note: This article references data as of September 17, 2023.
American Water Works Company, Inc.
Updated on: 05/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Warner Bros. Discovery Witnessing Share Ownership Changes and Analyst Ratings Amid Earnings Report
Warner Bros. Discovery (NASDAQ: WBD) has experienced some notable changes in its share ownership recently. Several institutional investors have either increased or reduced their stakes in the company, leading to a shake-up in its shareholder base. Notably, Heritage Wealth Management LLC significantly increased its position in Warner Bros. Discovery by 170.7% during the fourth quarter, acquiring an additional 1,661 shares and now owning a total of 2,634 shares worth $25,000.
In addition to Heritage Wealth Management LLC, other institutional investors have also made adjustments to their positions in Warner Bros. Discovery. Manchester Capital Management LLC increased its position by 274.6% during the first quarter, adding 1,332 shares to its portfolio and bringing its total ownership to 1,817 shares worth $27,000. Oakworth Capital Inc. followed suit by increasing its position by 378.9% during the same period and now owns 2,107 shares worth $32,000 after acquiring an additional 1,667 shares.
Furthermore, KB Financial Partners LLC purchased a new position in Warner Bros. Discovery during the first quarter with an estimated value of around $32,000. Finally, CVA Family Office LLC boosted its position by 55.4% during the fourth quarter with an additional 1,230 shares and currently owns 3,449 shares valued at $33,000.
These changes have had a significant impact on the overall ownership structure of Warner Bros. Discovery stock as institutional investors now account for approximately 58.26% of shares outstanding.
In other news related to Warner Bros. Discovery’s stocks: insider Gerhard Zeiler recently acquired a substantial amount of stock in a transaction on August 7th. Zeiler purchased 38,000 shares at an average cost of $14.09 per share for a total value of $535,420. As a result of this transaction, Zeiler now holds a total of 329,032 shares worth approximately $4,636,060.88. This acquisition was disclosed in a filing with the Securities and Exchange Commission (SEC).
Warner Bros. Discovery last reported its quarterly earnings data on August 3rd. The company’s earnings per share for the quarter were ($0.51), falling short of analysts’ consensus estimate of ($0.39) by $0.12. Despite missing earnings expectations, the company generated revenue of $10.36 billion for the quarter, slightly below analysts’ projections of $10.44 billion.
The negative net margin of 16.04% and positive return on equity of 1.27% reveal some challenges that Warner Bros. Discovery faced during this period. Nevertheless, there was a 5.4% increase in quarterly revenue compared to the same quarter last year when the company had earned ($0.11) per share.
Equities research analysts have shared their opinions on Warner Bros. Discovery stock following its recent developments and earnings report:
– Benchmark reaffirmed a “buy” rating and set a target price of $26 per share.
– Morgan Stanley reissued an “equal weight” rating with a price objective of $15 per share.
– Rosenblatt Securities maintains a “sell” rating with a price target of $10 per share.
– Evercore ISI lowered their price objective to $20 from $25 but retained an “outperform” rating.
– Barclays increased its price objective to $15 from $14 and gave Warner Bros. Discovery an “equal weight” rating.
Overall, Warner Bros. Discovery currently holds a consensus rating of “Moderate Buy.” The average price target for the stock stands at approximately $20.66 based on data from Bloomberg.com.
As we move forward into September 2023, it will be interesting to see how these recent changes in ownership and analyst ratings impact Warner Bros. Discovery’s future performance and shareholder confidence.