King Luther Capital Management Corp Has $171.99 Million Position in Time Warner Inc (TWX)

King Luther Capital Management Corp cut its stake in shares of Time Warner Inc (NYSE:TWX) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,678,767 shares of the media conglomerate’s stock after selling 34,034 shares during the period. Time Warner comprises about 1.5% of King Luther Capital Management Corp’s investment portfolio, making the stock its 16th biggest position. King Luther Capital Management Corp owned approximately 0.22% of Time Warner worth $171,990,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC lifted its position in shares of Time Warner by 36.5% in the first quarter. Piedmont Investment Advisors LLC now owns 225,887 shares of the media conglomerate’s stock valued at $22,071,000 after acquiring an additional 60,384 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Time Warner by 0.4% in the first quarter. Clearbridge Investments LLC now owns 6,272,139 shares of the media conglomerate’s stock valued at $612,851,000 after acquiring an additional 27,620 shares in the last quarter. Park National Corp OH lifted its position in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after acquiring an additional 14 shares in the last quarter. DnB Asset Management AS lifted its position in shares of Time Warner by 1.3% in the second quarter. DnB Asset Management AS now owns 136,689 shares of the media conglomerate’s stock valued at $13,725,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Stillwater Investment Management LLC lifted its position in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after acquiring an additional 9 shares in the last quarter. Institutional investors own 78.11% of the company’s stock.

Shares of Time Warner Inc (TWX) traded down $1.63 during midday trading on Wednesday, reaching $91.08. The company’s stock had a trading volume of 4,543,400 shares, compared to its average volume of 4,754,594. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. Time Warner Inc has a 52 week low of $85.88 and a 52 week high of $103.90. The company has a market capitalization of $70,550.00, a PE ratio of 15.30, a P/E/G ratio of 1.46 and a beta of 0.95.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. equities analysts predict that Time Warner Inc will post 6.2 EPS for the current year.

Several brokerages have recently commented on TWX. Needham & Company LLC restated a “hold” rating on shares of Time Warner in a research report on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Tuesday, August 15th. B. Riley reaffirmed a “hold” rating and issued a $101.00 target price on shares of Time Warner in a report on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Wednesday, September 13th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $103.00 target price (up from $102.00) on shares of Time Warner in a report on Friday, November 17th. Twenty-three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $102.87.

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Time Warner Profile

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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