Time Warner Inc (TWX) Stake Boosted by Highbridge Capital Management LLC

Highbridge Capital Management LLC grew its holdings in shares of Time Warner Inc (NYSE:TWX) by 15.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 560,000 shares of the media conglomerate’s stock after purchasing an additional 75,000 shares during the period. Time Warner makes up approximately 0.9% of Highbridge Capital Management LLC’s holdings, making the stock its 10th largest position. Highbridge Capital Management LLC owned approximately 0.07% of Time Warner worth $57,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TWX. Bank of Nova Scotia Trust Co. bought a new stake in Time Warner in the 3rd quarter worth approximately $102,000. Zions Bancorporation grew its position in Time Warner by 698.6% in the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after purchasing an additional 999 shares during the period. Janus Henderson Group PLC grew its position in Time Warner by 49.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,240,057 shares of the media conglomerate’s stock worth $331,940,000 after purchasing an additional 1,068,229 shares during the period. Caxton Associates LP bought a new stake in Time Warner in the 3rd quarter worth approximately $656,000. Finally, Vident Investment Advisory LLC bought a new stake in Time Warner in the 3rd quarter worth approximately $1,277,000. Institutional investors own 78.11% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. B. Riley reissued a “hold” rating and set a $101.00 price objective on shares of Time Warner in a research report on Tuesday, November 21st. Wells Fargo & Company reissued a “market perform” rating and set a $84.00 price objective (down previously from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Barclays boosted their price objective on shares of Time Warner from $92.00 to $107.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 21st. Loop Capital reaffirmed a “hold” rating and issued a $103.00 target price (up previously from $102.00) on shares of Time Warner in a report on Friday, November 17th. Finally, upgraded shares of Time Warner from a “hold” rating to a “buy” rating and upped their target price for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Twenty-three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $103.00.

In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Shares of Time Warner Inc (NYSE:TWX) traded up $0.34 during trading on Monday, hitting $90.71. 3,077,600 shares of the company traded hands, compared to its average volume of 4,757,608. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The stock has a market capitalization of $70,626.17, a PE ratio of 14.97, a PEG ratio of 1.43 and a beta of 0.95.

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

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Time Warner Company 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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