First Financial Corp IN Purchases 2,887 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

First Financial Corp IN boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 577.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,387 shares of the company’s stock after buying an additional 2,887 shares during the period. First Financial Corp IN’s holdings in Warner Bros. Discovery were worth $30,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado lifted its stake in shares of Warner Bros. Discovery by 5,128.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 350,559 shares of the company’s stock valued at $3,989,000 after purchasing an additional 343,854 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $129,000. Assenagon Asset Management S.A. lifted its stake in shares of Warner Bros. Discovery by 4.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock valued at $9,168,000 after purchasing an additional 36,405 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $105,000. Finally, Nomura Holdings Inc. lifted its stake in shares of Warner Bros. Discovery by 910.3% in the 4th quarter. Nomura Holdings Inc. now owns 167,574 shares of the company’s stock valued at $1,907,000 after purchasing an additional 150,987 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD traded down $0.06 on Wednesday, reaching $7.18. The company had a trading volume of 8,687,765 shares, compared to its average volume of 27,918,170. Warner Bros. Discovery, Inc. has a 52-week low of $6.94 and a 52-week high of $14.76. The firm’s 50 day simple moving average is $7.92 and its 200-day simple moving average is $9.16. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87.

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 the consensus estimate of ($0.24) by ($0.16). The business had revenue of $9.96 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research lowered Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target for the company. in a research note on Tuesday, April 23rd. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, May 10th. The Goldman Sachs Group assumed coverage on Warner Bros. Discovery in a report on Tuesday. They set a “neutral” rating and a $8.50 price objective on the stock. Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of Warner Bros. Discovery in a report on Tuesday, May 28th. Finally, Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus target price of $12.82.

Warner Bros. Discovery 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.