Quantinno Capital Management LP Has $35.65 Million Stake in Warner Bros. Discovery, Inc. $WBD

Quantinno Capital Management LP raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 19.8% in the first quarter, HoldingsChannel.com reports. The firm owned 1,298,118 shares of the company’s stock after purchasing an additional 214,640 shares during the quarter. Quantinno Capital Management LP’s holdings in Warner Bros. Discovery were worth $35,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Warner Bros. Discovery by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock valued at $8,161,260,000 after buying an additional 1,966,278 shares during the period. Geode Capital Management LLC increased its stake in Warner Bros. Discovery by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock worth $1,912,634,000 after acquiring an additional 1,028,346 shares during the period. Norges Bank acquired a new position in Warner Bros. Discovery in the 4th quarter valued at $1,123,807,000. Morgan Stanley lifted its position in shares of Warner Bros. Discovery by 4.8% during the 4th quarter. Morgan Stanley now owns 27,462,742 shares of the company’s stock valued at $791,476,000 after acquiring an additional 1,254,813 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Warner Bros. Discovery by 3.9% during the 3rd quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock valued at $458,891,000 after acquiring an additional 876,869 shares during the period. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $25.47 on Friday. The business has a 50-day simple moving average of $26.59 and a two-hundred day simple moving average of $27.29. The stock has a market cap of $63.86 billion, a PE ratio of -36.39 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 12-month low of $10.76 and a 12-month high of $30.00. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research cut Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday. Seaport Research Partners cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research report on Monday. UBS Group increased their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. One investment 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.04.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Warner Bros. Discovery reported record Tour de France audiences across Europe, signaling strong engagement with its sports content and potentially supporting advertising, distribution and streaming performance. Warner Bros. Discovery reports record Tour de France audiences across Europe
• Neutral Sentiment: Investor attention remains concentrated on the proposed Paramount-WBD transaction. Commentary suggests the deal could still proceed, but legal and antitrust challenges may create additional uncertainty around its timing and completion. The Ellisons may still get Warner Bros. But it won’t be easy.
• Neutral Sentiment: Analysts’ price targets for WBD remain a focus for investors, while unusually high search interest highlights heightened market attention rather than a clear change in the company’s fundamentals. What are Wall Street analysts’ target price for Warner Bros. Discovery stock?
• Negative Sentiment: WBD’s upcoming second-quarter report is expected to show declining earnings, and Zacks says the company lacks the typical factors associated with an earnings beat. This follows the company’s recent substantial quarterly EPS miss, increasing downside risk ahead of results. Earnings Preview: Warner Bros. Discovery (WBD) Q2 Earnings Expected to Decline
• Negative Sentiment: Merger-related legal risk is weighing on the investment case. Reports cite a potential $9.8 billion breakup fee if the Paramount-WBD transaction fails, while delays could reportedly begin costing Paramount approximately $7 million per day after September 30. These obligations raise the stakes but do not guarantee that WBD shareholders will receive the deal’s expected benefits. Warner Bros.-Paramount merger faces a massive $9.8 billion breakup fee if it collapses
• Negative Sentiment: Zacks Research downgraded Warner Bros. Discovery from “hold” to “strong sell,” adding pressure to the stock ahead of earnings and while merger litigation remains unresolved. Warner Bros. Discovery downgrade

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.