Sawtooth Solutions LLC Lowers Holdings in Time Warner Inc. (TWX)
Sawtooth Solutions LLC lessened its position in shares of Time Warner Inc. (NYSE:TWX) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,493 shares of the media conglomerate’s stock after selling 35 shares during the period. Sawtooth Solutions LLC’s holdings in Time Warner were worth $552,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Investment Group LLC increased its holdings in Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Time Warner by 9.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after purchasing an additional 100 shares in the last quarter. Motco bought a new position in Time Warner during the 2nd quarter worth about $129,000. Archford Capital Strategies LLC increased its holdings in Time Warner by 43.5% during the 1st quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after purchasing an additional 481 shares in the last quarter. Finally, City Holding Co. increased its holdings in Time Warner by 7.7% during the 2nd quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock worth $172,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.
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TWX has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $105.00 target price on shares of Time Warner in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $102.25.
Shares of Time Warner Inc. (NYSE:TWX) opened at 101.87 on Monday. The firm has a market capitalization of $79.23 billion, a P/E ratio of 18.90 and a beta of 1.04. Time Warner Inc. has a 12 month low of $74.27 and a 12 month high of $103.34. The firm’s 50-day moving average is $101.66 and its 200 day moving average is $99.70.
Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. On average, equities research analysts anticipate that Time Warner Inc. will post $6.10 EPS for the current year.
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.
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