Samson Rock Capital LLP Purchases New Holdings in Warner Bros. Discovery, Inc. $WBD

Samson Rock Capital LLP acquired a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 800,000 shares of the company’s stock, valued at approximately $24,760,000. Warner Bros. Discovery comprises 100.0% of Samson Rock Capital LLP’s holdings, making the stock its biggest position.

Several other large investors have also made changes to their positions in WBD. Harbor Investment Advisory LLC increased its stake in shares of Warner Bros. Discovery by 111.2% in the second quarter. Harbor Investment Advisory LLC now owns 942 shares of the company’s stock worth $25,000 after acquiring an additional 496 shares during the period. Field & Main Bank acquired a new position in Warner Bros. Discovery during the second quarter valued at $26,000. Elevation Wealth Partners LLC lifted its position in Warner Bros. Discovery by 64.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,009 shares of the company’s stock valued at $27,000 after purchasing an additional 395 shares during the period. Archer Investment Corp purchased a new stake in Warner Bros. Discovery in the second quarter valued at $27,000. Finally, MV Capital Management Inc. purchased a new stake in Warner Bros. Discovery in the fourth quarter valued at $30,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Argus reiterated a “sell” rating on shares of Warner Bros. Discovery in a research note on Tuesday, September 29th. Seaport Research Partners downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research note on Monday, July 27th. Weiss Ratings raised Warner Bros. Discovery from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Morgan Stanley lifted their price target on Warner Bros. Discovery from $29.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 22nd. Finally, Barclays initiated coverage on Warner Bros. Discovery in a report on Thursday, September 17th. They issued an “equal weight” rating and a $29.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.61.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: The transaction provides a definitive liquidity event for WBD shareholders. Depending on the consideration elected or applicable under the merger terms, holders receive cash and/or securities in the successor Skydance company rather than continuing to own standalone Warner Bros. Discovery. What Shareholders Need to Know
• Positive Sentiment: Paramount’s acquisition combines major film, television and streaming assets, potentially creating scale advantages, cost synergies and a broader content portfolio under Skydance. David Ellison will lead the new company as chairman and CEO alongside co-CEO Ynon Kreiz. Paramount Closes Merger to Form Skydance

Insiders Place Their Bets

In related news, Director Anton J. Levy sold 340,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $28.39, for a total value of $9,652,600.00. Following the transaction, the director directly owned 618,067 shares of the company’s stock, valued at approximately $17,546,922.13. This trade represents a 35.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Amy Girdwood sold 262,285 shares of Warner Bros. Discovery stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $27.98, for a total value of $7,338,734.30. Following the completion of the sale, the insider owned 539,374 shares in the company, valued at approximately $15,091,684.52. The trade was a 32.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,782,149 shares of company stock valued at $77,455,972. 0.70% of the stock is owned by company insiders.

Warner Bros. Discovery Price Performance

WBD traded up $0.04 during trading on Tuesday, hitting $30.98. The company’s stock had a trading volume of 435,552,453 shares, compared to its average volume of 50,219,644. The firm has a market capitalization of $77.79 billion, a price-to-earnings ratio of -24.40 and a beta of 1.53. Warner Bros. Discovery, Inc. has a twelve month low of $17.08 and a twelve month high of $30.99. The business’s fifty day simple moving average is $28.39 and its 200 day simple moving average is $27.45. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.20. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $9.25 billion. Warner Bros. Discovery had a negative return on equity of 8.91% and a negative net margin of 8.77%.The business’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -1.08 EPS for the current fiscal year.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc is a global media and entertainment company that creates, distributes and licenses television, film and digital content. Its portfolio includes Warner Bros. film and television studios, HBO and Max, CNN, Discovery, HGTV, Food Network, TLC, TNT Sports and other well-known entertainment, news, lifestyle and sports brands.

The company serves audiences through streaming platforms, cable and broadcast networks, theatrical releases, consumer products and content licensing.