Manning Napier Advisors Lowers stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Manning Napier Advisors reduced its stake in Time Warner Inc by 4.13% during the most recent quarter end. The investment management company now holds a total of 6,380,400 shares of Time Warner Inc which is valued at $475,339,800 after selling 274,887 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Time Warner Inc makes up approximately 2.95% of Manning Napier Advisors’s portfolio.

Time Warner Inc opened for trading at $74.44 and hit $75.3401 on the upside on Monday, eventually ending the session at $75.22, with a gain of 0.97% or 0.72 points. The heightened volatility saw the trading volume jump to 27,63,989 shares. Company has a market cap of $59,435 M.

Other Hedge Funds, Including , E&g Advisors Lp boosted its stake in TWX in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 18,050 shares of Time Warner Inc which is valued at $1,344,725. Time Warner Inc makes up approx 0.87% of E&g Advisors Lp’s portfolio.Monroe Bank Trustmi boosted its stake in TWX in the latest quarter, The investment management firm added 143 additional shares and now holds a total of 476 shares of Time Warner Inc which is valued at $35,462. Time Warner Inc makes up approx 0.01% of Monroe Bank Trustmi’s portfolio.

On the company’s financial health, Time Warner Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $1.01. The company had revenue of $7079.00 million for the quarter, compared to analysts expectations of $7536.20 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Many Wall Street Analysts have commented on Time Warner Inc. RBC Capital Mkts Initiated Time Warner Inc on Apr 8, 2016 to “Outperform”, Price Target of the shares are set at $92.Shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 76 from a previous price target of $80 .Shares were Reiterated by FBR Capital on Feb 19, 2016 to “Mkt Perform” and Lowered the Price Target to $ 73 from a previous price target of $81 .

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner which consists of cable networks and digital media properties; Home Box Office which consists of domestic premium pay television services and international premium pay and basic tier television services and Warner Bros. which consists of television feature film home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States its networks and related properties include TNT TBS Adult Swim truTV Turner Classic Movies Turner Sports Cartoon Network Boomerang CNN and HLN. Outside the United States Turner’s portfolio of brands and digital businesses reaches consumers in over 200 countries.

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