OZ Management LP lessened its holdings in Time Warner Inc (NYSE:TWX) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,883,541 shares of the media conglomerate’s stock after selling 537,044 shares during the period. Time Warner makes up approximately 2.5% of OZ Management LP’s portfolio, making the stock its 8th largest position. OZ Management LP owned 0.63% of Time Warner worth $500,319,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Janus Henderson Group PLC lifted its position in shares of Time Warner by 2,022.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after purchasing an additional 2,069,495 shares during the last quarter. Empyrean Capital Partners LP lifted its position in shares of Time Warner by 93.1% during the 2nd quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after purchasing an additional 2,052,932 shares during the last quarter. Farallon Capital Management LLC lifted its position in shares of Time Warner by 37.3% during the 2nd quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after purchasing an additional 1,895,000 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Time Warner by 624.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock worth $205,273,000 after purchasing an additional 1,762,300 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Time Warner by 4.0% during the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after purchasing an additional 1,696,681 shares during the last quarter. 78.11% of the stock is owned by institutional investors.

Time Warner Inc (NYSE TWX) traded down $1.63 during midday trading on Wednesday, reaching $91.08. 4,543,400 shares of the company’s stock were exchanged, compared to its average volume of 4,754,594. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $70,550.00, a price-to-earnings ratio of 15.30, a PEG ratio of 1.46 and a beta of 0.95. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. Time Warner’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.83 earnings per share. research analysts anticipate that Time Warner Inc will post 6.2 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a research report on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Tuesday, August 15th. B. Riley reaffirmed a “hold” rating and set a $101.00 price objective on shares of Time Warner in a research report on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Wednesday, September 13th. Finally, Loop Capital reaffirmed a “hold” rating and set a $103.00 price objective (up from $102.00) on shares of Time Warner in a research report on Friday, November 17th. Twenty-three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Time Warner currently has an average rating of “Hold” and a consensus target price of $102.87.

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Time Warner Company Profile

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.

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

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