Centurylink Investment Management Co adds Time Warner Inc (TWX) to its portfolio

Time Warner Inc (TWX) : Centurylink Investment Management Co added new position in Time Warner Inc during the most recent quarter end. The investment management firm now holds 29,605 shares of Time Warner Inc which is valued at $2,326,065 , the company said in a statement filed on Oct 12, 2016 with the SEC.Time Warner Inc makes up approximately 0.80% of Centurylink Investment Management Co’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in TWX by selling 22,972 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 3,671,741 shares of TWX which is valued at $288,488,690. Time Warner Inc makes up approx 0.30% of Legal General Group Plc’s portfolio.

Time Warner Inc closed down -0.79 points or -1.00% at $78.57 with 34,37,423 shares getting traded on Tuesday. Post opening the session at $79.18, the shares hit an intraday low of $78.32 and an intraday high of $79.32 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Time Warner Inc reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.16. The company had revenue of $6952.00 million for the quarter, compared to analysts expectations of $7065.42 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on Time Warner Inc. Company shares were Reiterated by Wunderlich on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 106 from a previous price target of $95 .Company shares were Reiterated by Wedbush on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $88 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $92 .

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner which consists of cable networks and digital media properties; Home Box Office which consists of domestic premium pay television services and international premium pay and basic tier television services and Warner Bros. which consists of television feature film home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States its networks and related properties include TNT TBS Adult Swim truTV Turner Classic Movies Turner Sports Cartoon Network Boomerang CNN and HLN. Outside the United States Turner’s portfolio of brands and digital businesses reaches consumers in over 200 countries.

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