Private Capital Group LLC boosted its stake in Time Warner Inc (NYSE:TWX) by 363.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,637 shares of the media conglomerate’s stock after acquiring an additional 1,284 shares during the period. Private Capital Group LLC’s holdings in Time Warner were worth $155,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in TWX. Viking Global Investors LP bought a new stake in Time Warner in the fourth quarter worth about $420,390,000. Canyon Capital Advisors LLC raised its position in Time Warner by 60.1% in the fourth quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock worth $828,168,000 after acquiring an additional 3,398,928 shares during the period. Abrams Capital Management L.P. bought a new stake in Time Warner in the fourth quarter worth about $272,639,000. Natixis raised its position in Time Warner by 292.4% in the first quarter. Natixis now owns 3,034,294 shares of the media conglomerate’s stock worth $285,774,000 after acquiring an additional 2,261,101 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in Time Warner by 57.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock worth $494,586,000 after acquiring an additional 1,962,423 shares during the period. 78.93% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the stock. UBS Group upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $95.26 to $108.00 in a research note on Monday, March 12th. Loop Capital assumed coverage on shares of Time Warner in a research note on Thursday, March 15th. They issued a “buy” rating and a $107.50 target price for the company. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and reduced their target price for the stock from $108.00 to $105.00 in a research note on Tuesday, April 17th. Barrington Research reiterated a “buy” rating on shares of Time Warner in a research note on Tuesday, April 17th. Finally, Barclays reiterated a “hold” rating and issued a $98.00 target price on shares of Time Warner in a research note on Monday, April 30th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $103.42.
Shares of Time Warner opened at $98.77 on Friday, MarketBeat.com reports. The company has a market cap of $77.27 billion, a P/E ratio of 15.38, a PEG ratio of 1.82 and a beta of 0.88. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 1.01.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, beating the consensus estimate of $1.74 by $0.54. The company had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. Time Warner’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.66 earnings per share. equities research analysts anticipate that Time Warner Inc will post 8.16 earnings per share for the current year.
About Time Warner
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
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