Traders Buy Shares of Time Warner (TWX) on Weakness

Traders bought shares of Time Warner Inc (NYSE:TWX) on weakness during trading on Wednesday. $99.79 million flowed into the stock on the tick-up and $40.53 million flowed out of the stock on the tick-down, for a money net flow of $59.26 million into the stock. Of all stocks tracked, Time Warner had the 10th highest net in-flow for the day. Time Warner traded down ($0.70) for the day and closed at $90.38

Several brokerages recently weighed in on TWX. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Tuesday, August 15th. B. Riley reaffirmed a “hold” rating and set a $101.00 target price on shares of Time Warner in a research note on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $105.00 target price on shares of Time Warner in a research note on Wednesday, October 11th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Time Warner has a consensus rating of “Hold” and a consensus target price of $102.87.

The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $70,550.00, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95.

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

Institutional investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC lifted its stake in Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in Time Warner in the 3rd quarter worth about $102,000. Americafirst Capital Management LLC purchased a new stake in Time Warner in the 3rd quarter worth about $106,000. Patriot Financial Group Insurance Agency LLC lifted its stake in Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after acquiring an additional 44 shares in the last quarter. Finally, Zions Bancorporation lifted its stake in Time Warner by 698.6% in the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after acquiring an additional 999 shares in the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.

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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.

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