Caxton Associates LP purchased a new position in shares of Time Warner Inc (NYSE:TWX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,400 shares of the media conglomerate’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vident Investment Advisory LLC acquired a new position in shares of Time Warner in the 3rd quarter valued at about $1,277,000. Westchester Capital Management LLC grew its holdings in shares of Time Warner by 21.1% in the third quarter. Westchester Capital Management LLC now owns 2,671,484 shares of the media conglomerate’s stock valued at $273,694,000 after acquiring an additional 466,263 shares in the last quarter. MKP Capital Management L.L.C. bought a new position in Time Warner in the third quarter valued at $1,947,000. Boothbay Fund Management LLC increased its stake in Time Warner by 687.8% in the third quarter. Boothbay Fund Management LLC now owns 89,306 shares of the media conglomerate’s stock valued at $9,149,000 after acquiring an additional 77,970 shares during the last quarter. Finally, Cowen Inc. increased its stake in Time Warner by 833.4% in the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock valued at $263,933,000 after acquiring an additional 2,300,205 shares during the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the transaction, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

A number of research analysts recently commented on TWX shares. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Tuesday, August 15th. Jefferies Group restated a “hold” rating and issued a $105.00 price objective on shares of Time Warner in a report on Sunday, September 10th. Sanford C. Bernstein restated a “market perform” rating on shares of Time Warner in a report on Tuesday, September 12th. BMO Capital Markets restated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Wednesday, September 13th. Finally, Credit Suisse Group cut shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target for the company. in a report on Monday, September 18th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $103.00.

Shares of Time Warner Inc (NYSE:TWX) traded up $0.34 on Monday, hitting $90.71. The stock had a trading volume of 3,077,600 shares, compared to its average volume of 4,757,608. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The company has a market cap of $70,626.17, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.43 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 announced its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same period in the prior year, the company earned $1.83 earnings per share. Time Warner’s revenue was up 6.0% compared to the same quarter last year. equities analysts expect that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.

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Time Warner 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.

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

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