Time Warner Inc (NYSE:TWX) Stake Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Time Warner Inc (NYSE:TWX) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 338,464 shares of the media conglomerate’s stock after buying an additional 5,639 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Time Warner were worth $34,676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canyon Capital Advisors LLC lifted its holdings in Time Warner by 397.0% in the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock valued at $556,541,000 after acquiring an additional 4,549,848 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Time Warner by 2,022.3% during the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after acquiring an additional 2,069,495 shares during the period. Empyrean Capital Partners LP increased its position in shares of Time Warner by 93.1% during the second quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after acquiring an additional 2,052,932 shares during the period. Farallon Capital Management LLC increased its position in shares of Time Warner by 37.3% during the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after acquiring an additional 1,895,000 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Time Warner by 624.8% during the second quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock worth $205,273,000 after acquiring an additional 1,762,300 shares during the period. Institutional investors and hedge funds own 78.11% of the company’s stock.

Time Warner Inc (NYSE:TWX) traded down $1.63 during trading on Wednesday, reaching $91.08. 4,543,400 shares of the company traded hands, compared to its average volume of 4,754,594. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The stock has a market cap of $70,550.00, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The company had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the previous year, the firm earned $1.83 EPS. The company’s revenue was up 6.0% on a year-over-year basis. sell-side analysts predict that Time Warner Inc will post 6.2 earnings per share for the current year.

Several equities analysts recently commented on TWX shares. Royal Bank Of Canada restated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Tuesday, August 15th. Jefferies Group reiterated a “hold” rating and set a $105.00 target price on shares of Time Warner in a research note on Sunday, September 10th. Sanford C. Bernstein reissued a “market perform” rating on shares of Time Warner in a report on Tuesday, September 12th. BMO Capital Markets reissued a “hold” rating and set a $108.00 price target 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 target price for the company. in a report on Monday, September 18th. Twenty-three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $102.87.

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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.

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

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