Jefferies Group Lowers stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Jefferies Group reduced its stake in Time Warner Inc by 52.91% during the most recent quarter end. The investment management company now holds a total of 568,472 shares of Time Warner Inc which is valued at $41.6 Million after selling 638,627 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Time Warner Inc makes up approximately 1.55% of Jefferies Group’s portfolio.

Other Hedge Funds, Including , Zweig-dimenna Associates sold out all of its stake in TWX during the most recent quarter. The investment firm sold 142,370 shares of TWX which is valued $10.4 Million.Geneva Advisors reduced its stake in TWX by selling 91,899 shares or 14.54% in the most recent quarter. The Hedge Fund company now holds 540,069 shares of TWX which is valued at $40.4 Million. Time Warner Inc makes up approx 0.81% of Geneva Advisors’s portfolio.Aperio Group boosted its stake in TWX in the latest quarter, The investment management firm added 39,597 additional shares and now holds a total of 341,924 shares of Time Warner Inc which is valued at $25.7 Million. Time Warner Inc makes up approx 0.22% of Aperio Group’s portfolio.Glenmede Trust Co Na boosted its stake in TWX in the latest quarter, The investment management firm added 344,470 additional shares and now holds a total of 632,990 shares of Time Warner Inc which is valued at $47.6 Million. Time Warner Inc makes up approx 0.31% of Glenmede Trust Co Na’s portfolio.

Time Warner Inc closed down -0.11 points or -0.15% at $73.12 with 32,70,911 shares getting traded on Monday. Post opening the session at $73.17, the shares hit an intraday low of $72.52 and an intraday high of $73.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Time Warner Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.29. The company had revenue of $7308.00 million for the quarter, compared to analysts expectations of $7294.27 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Investors should note that on Apr 28, 2016, Time Warner Inc announced a cash dividend of $0.4025. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Time Warner Inc. Time Warner Inc was Downgraded by Pacific Crest to ” Sector Weight” on May 2, 2016. Company shares were Reiterated by MKM Partners on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $78 .Company shares were Reiterated by Telsey Advisory Group on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 91 from a previous price target of $89 .

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.

Leave a Reply

Time Warner Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Time Warner Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.