Sound Shore Management Inc CT Decreases Stock Position in Warner Bros. Discovery, Inc. $WBD

Sound Shore Management Inc CT lessened its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 49.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,340,858 shares of the company’s stock after selling 4,206,380 shares during the period. Warner Bros. Discovery accounts for 2.8% of Sound Shore Management Inc CT’s investment portfolio, making the stock its 16th largest position. Sound Shore Management Inc CT owned about 0.18% of Warner Bros. Discovery worth $84,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners lifted its holdings in Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares during the period. Grove Bank & Trust grew its stake in Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares in the last quarter. Crews Bank & Trust raised its holdings in Warner Bros. Discovery by 1,242.2% during the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after acquiring an additional 1,590 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in shares of Warner Bros. Discovery by 183.9% during the third quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock worth $37,000 after acquiring an additional 1,225 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

More Warner Bros. Discovery News

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

• Positive Sentiment: Paramount added a ticking fee and other protections that reduce regulatory/timing risk and committed to cover the $2.8B Netflix breakup cost — making its $30/share hostile offer materially more attractive and increasing the chance shareholders could get a higher cash price. Read More.
• Positive Sentiment: Activist Ancora has built a ~ $200M stake and is threatening to vote against the Netflix deal and launch a proxy fight unless the board seriously considers Paramount’s improved proposal — increasing the odds of a bidding contest or board re‑engagement. Read More.
• Positive Sentiment: Market pricing reflects growing confidence in a competing outcome: WBD is trading above the signed Netflix floor ($27.75), narrowing the arbitrage spread and signaling investor belief Paramount could prevail or force better terms. Read More.
• Neutral Sentiment: Analysts are re‑assessing WBD valuation after recent share momentum and a mixed historical return profile — useful context for investors but not an immediate deal catalyst. Read More.
• Neutral Sentiment: Key near‑term catalysts to watch that could swing the stock: WBD Q4 earnings (Feb. 26), Paramount’s tender expiration (March 2), and the shareholder vote on the Netflix transaction (expected in April). These dates will drive volatility and final deal direction.
• Negative Sentiment: WBD already has a signed, board‑recommended agreement with Netflix at $27.75/share, which establishes a contractual floor and makes a switch to Paramount non‑trivial — regulatory risk and the existing contract still cap downside and complicate a takeover flip. Read More.

Insider Buying and Selling

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the sale, the chief financial officer owned 918,940 shares in the company, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Lori C. Locke sold 4,122 shares of Warner Bros. Discovery stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total transaction of $119,208.24. Following the sale, the chief accounting officer directly owned 100,962 shares of the company’s stock, valued at $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 267,116 shares of company stock worth $7,781,731 over the last ninety days. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $27.99 on Thursday. The stock has a market cap of $69.35 billion, a P/E ratio of 147.30 and a beta of 1.64. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $28.26 and its two-hundred day moving average price is $21.38. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00.

Analyst Ratings Changes

Several brokerages have recently weighed in on WBD. Benchmark lifted their price target on Warner Bros. Discovery from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Singular Research raised Warner Bros. Discovery to a “moderate buy” rating in a report on Wednesday, October 22nd. Argus upped their price target on Warner Bros. Discovery from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Moffett Nathanson increased their price target on shares of Warner Bros. Discovery from $26.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Arete Research boosted their price objective on shares of Warner Bros. Discovery from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.94.

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.