Steven Tananbaum increased its stake in Time Warner Inc (NYSE:TWX) by 74.26% based on its latest 2016Q2 regulatory filing with the SEC. Goldentree Asset Management Lp bought 213,850 shares as the company’s stock rose 11.75% with the market. The hedge fund run by Steven Tananbaum held 501,807 shares of the television services company at the end of 2016Q2, valued at $36.41 million, up from 287,957 at the end of the previous reported quarter. Goldentree Asset Management Lp who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $61.36 billion market cap company. The stock decreased 0.71% or $0.57 during the last trading session, hitting $79.24. About 3.22M shares traded hands. Time Warner Inc (NYSE:TWX) has risen 13.61% since January 25, 2016 and is uptrending. It has underperformed by 0.32% the S&P500.
In 2000, Steven Tananbaum founded the Golden Tree Asset Management. It is a fund that gives concentration on credit markets whilst also managing middle ranged equity portfolio. Goldentree Asset Management Lp is a New York-based hedge fund that was founded by Steven Tananbaum. It had more than $22.00 billion assets under management in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Goldentree Asset Management latest Adv, the fund reported to have 197 full and part-time employees. Among which 37 performing investment advisory and research functions. The hedge fund had between 26-100 clients.
The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.40, from 1.33 in 2016Q1. The ratio is negative, as 65 funds sold all TWX shares owned while 334 reduced positions. 66 funds bought stakes while 305 increased positions. They now own 614.82 million shares or 5.49% less from 650.52 million shares in 2016Q1.
Sirios Capital Management LP holds 6.2% of its portfolio in TWX for 1.76 million shares. Randolph Co Inc owns 325,089 shares or 6.15% of their US portfolio. Moreover, Brahman Capital Corp. has 5.74% invested in the company for 2.37 million shares. The New York-based Claar Advisors Llc has invested 5.19% in the stock. Grisanti Capital Management Llc, a New York-based fund reported 126,415 shares.
Out of 25 analysts covering Time Warner Inc. (NYSE:TWX), 18 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 72% are positive. Time Warner Inc. has been the topic of 44 analyst reports since September 10, 2015 according to StockzIntelligence Inc. Wedbush maintained the stock on July 29 with “Outperform” rating.
Time Warner Inc. is a media and entertainment company. The company has a market cap of $61.36 billion. The Firm operates through three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution. It has a 15.9 P/E ratio. The Firm also holds interests in companies that operate broadcast networks.
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