Polar Asset Management Partners Inc. Decreases Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Polar Asset Management Partners Inc. reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 575,189 shares of the company’s stock after selling 22,211 shares during the period. Polar Asset Management Partners Inc.’s holdings in Warner Bros. Discovery were worth $15,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Swiss RE Ltd. bought a new position in shares of Warner Bros. Discovery in the 4th quarter valued at about $26,000. Fideuram Asset Management Ireland dac bought a new stake in Warner Bros. Discovery during the fourth quarter worth approximately $29,000. MV Capital Management Inc. bought a new stake in Warner Bros. Discovery during the fourth quarter worth approximately $30,000. Rakuten Securities Inc. increased its stake in Warner Bros. Discovery by 81.5% during the fourth 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. Finally, JPL Wealth Management LLC purchased a new stake in Warner Bros. Discovery during the third quarter valued at approximately $33,000. 59.95% of the stock is currently owned by institutional investors.

More Warner Bros. Discovery News

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

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WBD. Seaport Research Partners cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday. UBS Group increased their price target on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Guggenheim reiterated a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery Price Performance

Shares of WBD stock opened at $25.77 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $64.61 billion, a P/E ratio of -36.81 and a beta of 1.54. The company’s 50-day simple moving average is $26.72 and its two-hundred day simple moving average is $27.38. Warner Bros. Discovery, Inc. has a one year low of $10.76 and a one year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last issued its 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). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The firm 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 firm earned ($0.18) earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

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.