CENTRAL TRUST Co Has $71,000 Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

CENTRAL TRUST Co decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 18.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,185 shares of the company’s stock after selling 1,837 shares during the period. CENTRAL TRUST Co’s holdings in Warner Bros. Discovery were worth $71,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its stake in Warner Bros. Discovery by 66.9% during the first quarter. Newbridge Financial Services Group Inc. now owns 4,792 shares of the company’s stock worth $42,000 after buying an additional 1,920 shares during the last quarter. Pegasus Partners Ltd. grew its stake in shares of Warner Bros. Discovery by 25.9% during the first quarter. Pegasus Partners Ltd. now owns 68,095 shares of the company’s stock valued at $594,000 after purchasing an additional 14,000 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of Warner Bros. Discovery by 44.6% during the first quarter. Premier Path Wealth Partners LLC now owns 133,339 shares of the company’s stock valued at $1,163,000 after purchasing an additional 41,157 shares during the last quarter. Hedges Asset Management LLC grew its stake in shares of Warner Bros. Discovery by 71.4% during the first quarter. Hedges Asset Management LLC now owns 108,000 shares of the company’s stock valued at $943,000 after purchasing an additional 44,987 shares during the last quarter. Finally, SOL Capital Management CO grew its stake in shares of Warner Bros. Discovery by 48.0% during the first quarter. SOL Capital Management CO now owns 249,358 shares of the company’s stock valued at $2,177,000 after purchasing an additional 80,875 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

WBD traded down $0.36 during trading on Thursday, hitting $7.70. 37,901,887 shares of the company traded hands, compared to its average volume of 27,974,695. The firm has a market cap of $18.79 billion, a P/E ratio of -6.21 and a beta of 1.51. The stock’s fifty day moving average is $8.29 and its 200 day moving average is $9.66. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a one year low of $7.34 and a one year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The company had revenue of $9.96 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on WBD shares. Morgan Stanley decreased their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their target price for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. Wolfe Research lowered shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a report on Tuesday, April 23rd. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Finally, Wells Fargo & Company downgraded shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $16.00 to $12.00 in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.32.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.