We Are One Seven LLC acquired a new stake in shares of Time Warner Inc (NYSE:TWX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,210 shares of the media conglomerate’s stock, valued at approximately $1,117,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. purchased a new stake in Time Warner during the third quarter valued at approximately $102,000. Americafirst Capital Management LLC purchased a new stake in Time Warner during the third quarter valued at approximately $106,000. Zions Bancorporation lifted its position in Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after acquiring an additional 999 shares during the last quarter. Slow Capital Inc. purchased a new stake in Time Warner during the fourth quarter valued at approximately $113,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Time Warner during the fourth quarter valued at approximately $131,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.
A number of research analysts have issued reports on the stock. Loop Capital assumed coverage on shares of Time Warner in a report on Thursday, March 15th. They issued a “buy” rating and a $107.50 price target for the company. UBS raised shares of Time Warner from a “neutral” rating to a “buy” rating and raised their price target for the stock from $95.26 to $108.00 in a report on Monday, March 12th. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Tuesday, February 6th. Barclays raised their price target on shares of Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $104.61.
TWX stock opened at $95.18 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. Time Warner Inc has a fifty-two week low of $85.88 and a fifty-two week high of $103.90. The stock has a market cap of $74,124.89, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.48 and a beta of 0.93.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.16. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. analysts forecast that Time Warner Inc will post 7.67 EPS for the current year.
In related news, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $97.20, for a total transaction of $390,646.80. Following the sale, the director now owns 44,959 shares in the company, valued at $4,370,014.80. 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.
About Time Warner
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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