Ardmore Road Asset Management LP Has $29.82 Million Stock Position in Warner Bros. Discovery, Inc. $WBD

Ardmore Road Asset Management LP increased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 194.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,086,000 shares of the company’s stock after acquiring an additional 717,413 shares during the quarter. Warner Bros. Discovery comprises approximately 2.0% of Ardmore Road Asset Management LP’s holdings, making the stock its 18th largest holding. Ardmore Road Asset Management LP’s holdings in Warner Bros. Discovery were worth $29,822,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Warner Bros. Discovery by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock valued at $8,161,260,000 after purchasing an additional 1,966,278 shares during the period. Geode Capital Management LLC lifted its stake in shares of Warner Bros. Discovery by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock valued at $1,912,634,000 after buying an additional 1,028,346 shares during the period. Norges Bank acquired a new stake in Warner Bros. Discovery during the fourth quarter worth about $1,123,807,000. Morgan Stanley grew its position in Warner Bros. Discovery by 4.8% during the fourth quarter. Morgan Stanley now owns 27,462,742 shares of the company’s stock worth $791,476,000 after buying an additional 1,254,813 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Warner Bros. Discovery by 3.9% during the third quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock valued at $458,891,000 after acquiring an additional 876,869 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $25.77 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $64.61 billion, a PE ratio of -36.81 and a beta of 1.54. Warner Bros. Discovery, Inc. has a one year low of $10.76 and a one year high of $30.00. The business has a 50 day simple moving average of $26.72 and a 200 day simple moving average of $27.38.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The company had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter last year, the company earned ($0.18) earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on WBD. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. UBS Group lifted their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Finally, Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.04.

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.