Valeo Financial Advisors LLC bought a new position in shares of Time Warner Inc (NYSE:TWX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,492 shares of the media conglomerate’s stock, valued at approximately $358,000.
A number of other hedge funds and other institutional investors have also modified their holdings of TWX. Cowen Inc. lifted its position in Time Warner by 833.4% in the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after buying an additional 2,300,205 shares during the last quarter. Janus Henderson Group PLC lifted its position in Time Warner by 2,022.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after buying an additional 2,069,495 shares during the last quarter. Empyrean Capital Partners LP lifted its position in Time Warner by 93.1% in the 2nd quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after buying an additional 2,052,932 shares during the last quarter. Farallon Capital Management LLC lifted its position in Time Warner by 37.3% in the 2nd quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after buying an additional 1,895,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Time Warner by 624.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock worth $205,273,000 after buying an additional 1,762,300 shares during the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.
TWX has been the subject of a number of recent research reports. Rosenblatt Securities upgraded Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Monday, November 13th. Zacks Investment Research cut Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Credit Suisse Group cut Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research note on Monday, September 18th. Cowen reaffirmed a “hold” rating and issued a $102.00 price target on shares of Time Warner in a research note on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 price target on shares of Time Warner in a research note on Friday, November 10th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $103.00.
Time Warner Inc (TWX) traded up $0.11 during trading on Tuesday, reaching $90.82. The company’s stock had a trading volume of 2,954,800 shares, compared to its average volume of 4,750,034. 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 twelve month low of $85.88 and a twelve month high of $103.90. The company has a market capitalization of $70,626.17, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95.
Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS 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 business had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same period in the previous year, the company posted $1.83 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts expect that Time Warner Inc will post 6.2 EPS for the current fiscal year.
In other news, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the transaction, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.
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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.
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