Time Warner Inc (TWX) : E&g Advisors Lp scooped up 1,900 additional shares in Time Warner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 19,950 shares of Time Warner Inc which is valued at $1,554,704.Time Warner Inc makes up approximately 0.91% of E&g Advisors Lp’s portfolio.
Other Hedge Funds, Including , Pitcairn Co reduced its stake in TWX by selling 16,243 shares or 54.63% in the most recent quarter. The Hedge Fund company now holds 13,492 shares of TWX which is valued at $1,051,432. Time Warner Inc makes up approx 0.13% of Pitcairn Co’s portfolio.Atria Investments boosted its stake in TWX in the latest quarter, The investment management firm added 1,052 additional shares and now holds a total of 11,838 shares of Time Warner Inc which is valued at $923,956. Time Warner Inc makes up approx 0.10% of Atria Investments’s portfolio.Berson Corrado Investment Advisors boosted its stake in TWX in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 3,996 shares of Time Warner Inc which is valued at $311,528. Time Warner Inc makes up approx 0.12% of Berson Corrado Investment Advisors’s portfolio.
Time Warner Inc closed down -0.97 points or -1.25% at $76.65 with 42,73,969 shares getting traded on Friday. Post opening the session at $77.44, the shares hit an intraday low of $76.59 and an intraday high of $77.82 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Many Wall Street Analysts have commented on Time Warner Inc. Company shares were Reiterated by Wedbush on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 88 from a previous price target of $82 .Time Warner Inc was Downgraded by FBR Capital to ” Mkt Perform” on Jul 26, 2016. Time Warner Inc was Downgraded by Pacific Crest to ” Sector Weight” on May 2, 2016.
Read full story at http://www.tradecalls.org/2016/08/eg-advisors-lp-buys-1554704-stake-in-time-warner-inc-twx-347767/
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