Economy

Bewkes Sells 329478 Shares of Time Warner Inc (TWX) Stock

Bewkes Sells 329478 Shares of Time Warner Inc (TWX) Stock

Norinchukin Bank The who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $47.55B market cap company. It primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the USA government agency or the US government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; mortgage servicing rights; and real property and mortgage-related derivatives. The firm also invests in corporate debt and equity securities, including distressed debt, collateralized loan obligations, and non-mortgage-related derivatives; and other financial assets, including private debt and equity investments in mortgage-related entities.

Grisanti Capital Management Llc decreased Time Warner Inc (TWX) stake by 29.42% reported in 2017Q3 SEC filing.

Time Warner Inc (NYSE:TWX) CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction on Thursday, December 7th. The Tsp Capital Management Group Llc holds 17,432 shares with $1.79 million value, down from 22,415 last quarter. Parsec Financial Management Inc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $71.22 billion market cap company. The stock has a market capitalization of $71,326.91, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.44 and a beta of 0.95. About 5.50 million shares traded. (NYSE:NRZ) has risen 22.04% since January 1, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Analysts await Electronics for Imaging, Inc. They expect $-0.11 EPS, up 8.33% or $0.01 from last year's $-0.12 per share. TWX's profit will be $1.14 billion for 15.66 P/E if the $1.46 EPS becomes a reality. FTB Advisors Inc. now owns 1,426 shares of the media conglomerate's stock valued at $112,000 after buying an additional 112 shares in the last quarter. Empyrean Capital Partners LP increased its position in shares of Time Warner by 93.1% during the 2nd quarter. The New York-based Tahithromos L.L.C. has invested 2.68% in the stock. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported.

Ratings analysis reveals 100% of Ellington Financial's analysts are positive. Twenty-two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The lowest target is $53.0 while the high is $58.0. EFII was included in 2 notes of analysts from August 25, 2016. Moffett Nathanson downgraded Time Warner from a buy rating to a neutral rating in a research note on Wednesday, February 1st. The rating was maintained by RBC Capital Markets on Tuesday, October 13 with "Outperform". The stock decreased 1.95% or $0.25 during the last trading session, reaching $12.6. About 2.65M shares traded. It has underperformed by 16.70% the S&P500.

More news: Expedia, Inc. (EXPE) Insider Sells 2401 Shares of Stock

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2. It dived, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. Pettyjohn Wood & White holds 0.08% or 2,090 shares in its portfolio. Driehaus Capital Lc holds 0.87% or 217,135 shares in its portfolio. Legal And General Gru Public Ltd Liability reported 0% of its portfolio in New Residential Investment Corp. Zacks Investment Research lowered Time Warner from a "hold" rating to a "sell" rating in a research report on Tuesday, October 17th. (NYSE:TWX) for 1.05 million shares. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Covington Capital Management has invested 0.79% in Time Warner Inc. (NYSE:TWX). Vaughan Nelson Investment Limited Partnership stated it has 0.98% in Time Warner Inc. (NYSE:TWX). Los Angeles Capital Management Equity accumulated 0.1% or 163,848 shares. Sei Invests stated it has 0.16% of its portfolio in Time Warner Inc. (NYSE:TWX) for 336,279 shares. Macroview Investment Management Limited Liability Corporation accumulated 0.01% or 26 shares. Kcm Inv Ltd Liability stated it has 0.17% of its portfolio in Time Warner Inc. Also, insider Olaf Olafsson sold 23,450 shares of the firm's stock in a transaction on Thursday, December 14th. Verition Fund Limited holds 11,727 shares. Utah Retirement holds 142,412 shares. Laurel Grove Capital Limited Company invested in 1.85% or 34,700 shares. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Time Warner during the third quarter valued at $102,000. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts forecast that Time Warner Inc will post 6.2 EPS for the current year.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. Therefore 36% are positive. The rating was downgraded by Vetr on Tuesday, August 11 to "Strong-Buy". The rating was maintained by Barclays Capital on Friday, August 14 with "Equal-Weight". The company was maintained on Thursday, November 5 by Wunderlich. Jefferies has "Buy" rating and $105 target. Wedbush maintained it with "Outperform" rating and $82 target in Friday, February 12 report. The rating was initiated by Pivotal Research on Tuesday, October 20 with "Buy".

More notable recent Time Warner Inc. Drexel Hamilton downgraded Time Warner from a buy rating to a hold rating in a research note on Thursday. Jefferies maintained Time Warner Inc. BMO Capital Markets maintained it with "Hold" rating and $10800 target in Thursday, July 13 report.

Since December 14, 2017, it had 0 insider buys, and 1 sale for $2.11 million activity. Its up 12.58% from 2.42M shares previously. Beach Invest Counsel Pa invested in 38,433 shares or 0.41% of the stock.

Other institutional investors have also recently added to or reduced their stakes in the company. Applied Materials Inc (NASDAQ:AMAT) was reduced too.


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