D. E. Shaw buys $515,580,010 stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : D. E. Shaw scooped up 699,514 additional shares in Time Warner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 6,400,745 shares of Time Warner Inc which is valued at $515,580,010.Time Warner Inc makes up approximately 1.06% of D. E. Shaw’s portfolio.

Other Hedge Funds, Including , Jane Street Group reduced its stake in TWX by selling 4,153 shares or 17.28% in the most recent quarter. The Hedge Fund company now holds 19,885 shares of TWX which is valued at $1,601,737. Time Warner Inc makes up approx 0.02% of Jane Street Group’s portfolio.Burnham Asset Management Corp Ny reduced its stake in TWX by selling 4,110 shares or 55.72% in the most recent quarter. The Hedge Fund company now holds 3,266 shares of TWX which is valued at $263,076. Time Warner Inc makes up approx 0.07% of Burnham Asset Management Corp Ny’s portfolio.Analytic Investors reduced its stake in TWX by selling 27,891 shares or 37.43% in the most recent quarter. The Hedge Fund company now holds 46,630 shares of TWX which is valued at $3,756,047. Time Warner Inc makes up approx 0.04% of Analytic Investors’s portfolio.New York State Common Retirement Fund reduced its stake in TWX by selling 37,000 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 2,059,700 shares of TWX which is valued at $165,908,835. Time Warner Inc makes up approx 0.23% of New York State Common Retirement Fund’s portfolio.Reilly Financial Advisors reduced its stake in TWX by selling 76 shares or 18.4% in the most recent quarter. The Hedge Fund company now holds 337 shares of TWX which is valued at $26,229.

Time Warner Inc closed down -0.25 points or -0.32% at $78.16 with 25,91,316 shares getting traded on Thursday. Post opening the session at $78.71, the shares hit an intraday low of $77.7 and an intraday high of $78.85 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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