Penbrook Management LLC purchased a new stake in Time Warner Inc (NYSE:TWX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,702 shares of the media conglomerate’s stock, valued at approximately $1,162,000. Time Warner comprises about 1.0% of Penbrook Management LLC’s investment portfolio, making the stock its 27th biggest position.
Other hedge funds have also added to or reduced their stakes in the company. Cheyne Capital Management UK LLP raised its position in Time Warner by 29.9% in the 4th quarter. Cheyne Capital Management UK LLP now owns 263,513 shares of the media conglomerate’s stock valued at $24,135,000 after purchasing an additional 60,600 shares during the last quarter. MUFG Securities EMEA plc raised its position in Time Warner by 600.0% in the 3rd quarter. MUFG Securities EMEA plc now owns 455,000 shares of the media conglomerate’s stock valued at $46,615,000 after purchasing an additional 390,000 shares during the last quarter. AMP Capital Investors Ltd raised its position in Time Warner by 1.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 431,923 shares of the media conglomerate’s stock valued at $44,251,000 after purchasing an additional 7,762 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Time Warner in the 3rd quarter valued at $1,449,000. Finally, Narwhal Capital Management raised its position in Time Warner by 53.7% in the 4th quarter. Narwhal Capital Management now owns 31,925 shares of the media conglomerate’s stock valued at $2,925,000 after purchasing an additional 11,160 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.
Time Warner stock opened at $94.98 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The firm has a market cap of $74,226.27, a price-to-earnings ratio of 14.39, a PEG ratio of 1.48 and a beta of 0.93.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The business had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same period in the prior year, the company posted $1.25 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. research analysts predict that Time Warner Inc will post 7.67 earnings per share for the current year.
In other news, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $93.61, for a total transaction of $376,218.59. Following the transaction, the director now directly owns 27,785 shares of the company’s stock, valued at approximately $2,600,953.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.
Several analysts recently commented on TWX shares. Wells Fargo reiterated a “market perform” rating and issued a $98.00 price target (up previously from $84.00) on shares of Time Warner in a research report on Thursday, January 4th. Guggenheim restated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Time Warner from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Pivotal Research restated a “buy” rating and set a $108.00 price objective (up previously from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. Finally, Barclays set a $100.00 price objective on shares of Time Warner and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $104.61.
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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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