Yorktown Management & Research Co Inc maintained its position in Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,200 shares of the media conglomerate’s stock at the close of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Time Warner were worth $1,125,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TWX. Legal & General Group Plc grew its stake in shares of Time Warner by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock worth $397,891,000 after purchasing an additional 99,059 shares during the last quarter. Segantii Capital Management Ltd acquired a new position in shares of Time Warner in the 2nd quarter worth approximately $33,886,000. Blair William & Co. IL grew its stake in shares of Time Warner by 27.9% in the 2nd quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock worth $3,728,000 after purchasing an additional 8,096 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of Time Warner by 1.3% in the 2nd quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock worth $90,137,000 after purchasing an additional 11,740 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Time Warner by 10.0% in the 1st quarter. Assetmark Inc. now owns 2,628 shares of the media conglomerate’s stock worth $257,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 79.19% of the company’s stock.

Time Warner Inc. (NYSE:TWX) opened at 102.40 on Thursday. Time Warner Inc. has a 12 month low of $75.68 and a 12 month high of $103.34. The stock has a market capitalization of $79.65 billion, a P/E ratio of 19.00 and a beta of 1.04. The company’s 50-day moving average is $101.65 and its 200-day moving average is $99.76.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. Time Warner’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. Equities analysts anticipate that Time Warner Inc. will post $6.10 earnings per share for the current year.

Several equities analysts have recently issued reports on TWX shares. BidaskClub cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Wednesday, September 13th. Cowen and Company reaffirmed a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research note on Thursday, August 3rd. Finally, Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Time Warner currently has a consensus rating of “Hold” and a consensus target price of $102.91.

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About Time Warner

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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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