Leonteq Securities AG acquired a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) in the fourth quarter, HoldingsChannel reports. The firm acquired 65,621 shares of the company’s stock, valued at approximately $1,891,000.
A number of other hedge funds have also recently made changes to their positions in the business. Pinkerton Wealth LLC raised its holdings in Warner Bros. Discovery by 1,060.1% during the 4th quarter. Pinkerton Wealth LLC now owns 174,293 shares of the company’s stock valued at $5,023,000 after buying an additional 159,269 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Warner Bros. Discovery by 21.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 608,849 shares of the company’s stock valued at $17,547,000 after buying an additional 108,652 shares during the last quarter. Larson Financial Group LLC raised its holdings in Warner Bros. Discovery by 178.2% during the 4th quarter. Larson Financial Group LLC now owns 11,838 shares of the company’s stock valued at $341,000 after buying an additional 7,583 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Warner Bros. Discovery by 130.8% during the 4th quarter. Handelsbanken Fonder AB now owns 1,008,638 shares of the company’s stock valued at $29,069,000 after buying an additional 571,612 shares during the last quarter. Finally, Gables Capital Management Inc. raised its holdings in Warner Bros. Discovery by 26.4% during the 4th quarter. Gables Capital Management Inc. now owns 8,880 shares of the company’s stock valued at $256,000 after buying an additional 1,856 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.
Key Stories Impacting Warner Bros. Discovery
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: Paul Tudor Jones’ hedge fund reportedly bought 7 million shares of Warner Bros. Discovery (WBD), which may signal that sophisticated investors see upside in the company’s turnaround or merger-related value creation.
- Positive Sentiment: Wall Street banks led by JPMorgan reportedly expanded WBD’s refinancing loan package to more than $10 billion, suggesting lenders are still willing to support the company’s debt restructuring ahead of the planned Paramount merger. Article Title
- Neutral Sentiment: Several reports say Paramount is still aiming to close the merger as early as July, or by the third quarter, which keeps the deal timeline intact but does not remove execution risk.
- Neutral Sentiment: Market commentary noted WBD shares outperformed peers on a strong trading day, reflecting renewed trading interest rather than a clearly company-specific catalyst.
- Negative Sentiment: Democratic senators raised concerns about foreign ownership in the proposed Paramount-WBD merger and urged a rigorous FCC review, increasing the chance of regulatory delays. Article Title
- Negative Sentiment: Reports that bondholders are pushing back on the debt swap and that the merger could trigger credit downgrades highlight financing and credit-risk concerns around the deal, which may weigh on WBD sentiment. Article Title
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Warner Bros. Discovery
Warner Bros. Discovery Stock Down 1.1%
Shares of Warner Bros. Discovery stock opened at $27.11 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $27.28 and its two-hundred day simple moving average is $27.10. The company has a market cap of $67.97 billion, a P/E ratio of -38.73 and a beta of 1.57. Warner Bros. Discovery, Inc. has a 12-month low of $8.83 and a 12-month high of $30.00.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The company had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) earnings per share. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current year.
Insider Buying and Selling at Warner Bros. Discovery
In other Warner Bros. Discovery news, insider Bruce Campbell sold 1,580,331 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total transaction of $44,249,268.00. Following the transaction, the insider directly owned 690,028 shares of the company’s stock, valued at approximately $19,320,784. The trade was a 69.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the transaction, the insider directly owned 672,649 shares in the company, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is owned by corporate insiders.
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.
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