Mutual of America Capital Management LLC Has $1.39 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:DISCA)

Mutual of America Capital Management LLC boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:DISCAGet Rating) by 16.4% during the 4th quarter, HoldingsChannel reports. The fund owned 59,175 shares of the company’s stock after buying an additional 8,341 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Warner Bros. Discovery were worth $1,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DISCA. KBC Group NV grew its holdings in shares of Warner Bros. Discovery by 172.4% during the 4th quarter. KBC Group NV now owns 4,299,355 shares of the company’s stock worth $101,207,000 after purchasing an additional 2,720,806 shares in the last quarter. Laurion Capital Management LP acquired a new stake in Warner Bros. Discovery during the third quarter worth $62,975,000. Brahman Capital Corp. increased its holdings in Warner Bros. Discovery by 72.4% in the 3rd quarter. Brahman Capital Corp. now owns 2,980,437 shares of the company’s stock valued at $75,643,000 after buying an additional 1,252,089 shares during the period. Balyasny Asset Management LLC raised its stake in shares of Warner Bros. Discovery by 126.4% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,870,590 shares of the company’s stock valued at $47,476,000 after buying an additional 1,044,267 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $11,320,000. 35.51% of the stock is owned by hedge funds and other institutional investors.

DISCA has been the subject of several recent research reports. Atlantic Securities raised shares of Warner Bros. Discovery from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a research report on Monday, April 11th. Credit Suisse Group cut their target price on Warner Bros. Discovery from $61.00 to $52.00 in a research report on Monday, February 14th. StockNews.com began coverage on Warner Bros. Discovery in a research report on Wednesday. They issued a “hold” rating on the stock. Bank of America raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $45.00 in a report on Friday, January 7th. Finally, Evercore ISI raised shares of Warner Bros. Discovery from an “in-line” rating to an “outperform” rating in a report on Monday, April 11th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Buy” and an average price target of $42.10.

NASDAQ:DISCA opened at $24.43 on Friday. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.20 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.10 and a current ratio of 2.10. The stock’s fifty day moving average price is $26.17 and its two-hundred day moving average price is $26.00. Warner Bros. Discovery, Inc. has a 52-week low of $21.66 and a 52-week high of $42.59.

Warner Bros. Discovery (NASDAQ:DISCAGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.75). The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.12 billion. Warner Bros. Discovery had a net margin of 8.25% and a return on equity of 8.12%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. On average, equities analysts predict that Warner Bros. Discovery, Inc. will post 2.63 EPS for the current fiscal year.

Warner Bros. Discovery Company Profile (Get Rating)

Warner Bros. Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It also produces, develops, and distributes feature films, television, gaming, and other content in various physical and digital formats through basic networks, direct-to-consumer or theatrical, TV content, and games licensing.

Further Reading

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:DISCA)

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