Seven Harbour Global Lp Exits Position in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Seven Harbour Global Lp has sold out all of its stake in Time Warner Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 165,000 shares of Time Warner Inc which is valued at $13,290,750.

Other Hedge Funds, Including , Winslow Capital Management boosted its stake in TWX in the latest quarter, The investment management firm added 428,513 additional shares and now holds a total of 4,385,847 shares of Time Warner Inc which is valued at $353,279,976. Time Warner Inc makes up approx 1.36% of Winslow Capital Management’s portfolio.Sentry Investment Management reduced its stake in TWX by selling 32 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 62,392 shares of TWX which is valued at $5,025,676. Time Warner Inc makes up approx 0.21% of Sentry Investment Management’s portfolio.Nippon Life Global Investors Americas reduced its stake in TWX by selling 3,650 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 60,030 shares of TWX which is valued at $4,827,613. Time Warner Inc makes up approx 0.44% of Nippon Life Global Investors Americas’s portfolio.Jackson Grant Investment Advisers boosted its stake in TWX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 244 shares of Time Warner Inc which is valued at $19,303. Time Warner Inc makes up approx 0.02% of Jackson Grant Investment Advisers’s portfolio.World Asset Management Inc boosted its stake in TWX in the latest quarter, The investment management firm added 476 additional shares and now holds a total of 83,693 shares of Time Warner Inc which is valued at $6,513,826. Time Warner Inc makes up approx 0.24% of World Asset Management Inc’s portfolio.

Time Warner Inc opened for trading at $80.85 and hit $81 on the upside on Tuesday, eventually ending the session at $80.7, with a gain of 0.24% or 0.19 points. The heightened volatility saw the trading volume jump to 23,64,738 shares. Company has a market cap of $62,772 M.

On the company’s financial health, Time Warner Inc reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.16. The company had revenue of $6952.00 million for the quarter, compared to analysts expectations of $7065.42 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.

Investors should note that on Aug 3, 2016, Time Warner Inc announced a cash dividend of $0.4025. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Time Warner Inc. Company shares were Reiterated by Wunderlich on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 106 from a previous price target of $95 .Company shares were Reiterated by Wedbush on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $88 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $92 .

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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