What’s Next for Time Warner Inc After Today’s Bearish Options Activity?

 What's Next for Time Warner Inc After Today's Bearish Options Activity?

In today’s session Time Warner Inc (TWX) recorded an unusually high (5,775) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious TWX decrease. With 5,775 contracts traded and 6504 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: TWX170421P00080000 closed last at: $1.5 or 23.1% down. About 2.00M shares traded hands. Time Warner Inc (NYSE:TWX) has risen 21.13% since March 29, 2016 and is uptrending. It has outperformed by 17.66% the S&P500.

Analysts await Time Warner Inc (NYSE:TWX) to report earnings on November, 2. They expect $1.33 EPS, up 6.40% or $0.08 from last year’s $1.25 per share. TWX’s profit will be $1.02B for 16.61 P/E if the $1.33 EPS becomes a reality. After $1.29 actual EPS reported by Time Warner Inc for the previous quarter, Wall Street now forecasts 3.10% EPS growth.

Time Warner Inc (NYSE:TWX) Ratings Coverage

Out of 30 analysts covering Time Warner Inc. (NYSE:TWX), 17 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 57% are positive. $200 is the highest target while $71 is the lowest. The $93.91 average target is 6.28% above today’s ($88.36) stock price. Time Warner Inc. has been the topic of 68 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, October 24 by Wedbush. Bank of America downgraded Time Warner Inc (NYSE:TWX) on Thursday, November 5 to “Neutral” rating. The stock of Time Warner Inc (NYSE:TWX) has “Market Perform” rating given on Thursday, August 20 by Bernstein. RBC Capital Markets maintained it with “Outperform” rating and $87 target price in Thursday, November 5 report. The firm earned “Equal-Weight” rating on Friday, August 14 by Barclays Capital. The rating was maintained by FBR Capital on Friday, February 19 with “Mkt Perform”. Wunderlich maintained Time Warner Inc (NYSE:TWX) rating on Thursday, November 5. Wunderlich has “Buy” rating and $95 price target. The stock of Time Warner Inc (NYSE:TWX) has “Neutral” rating given on Monday, October 24 by Moffett Nathanson. S&P Research maintained the stock with “Buy” rating in Thursday, August 6 report. Pacific Crest downgraded the shares of TWX in a report on Monday, May 2 to “Sector Weight” rating.

According to Zacks Investment Research, “Time Warner Inc. is the world’s leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.40, from 1.33 in 2016Q1. The ratio worsened, as 65 funds sold all Time Warner Inc shares owned while 334 reduced positions. 66 funds bought stakes while 305 increased positions. They now own 614.82 million shares or 5.49% less from 650.52 million shares in 2016Q1.
National Bank Of The West has invested 0.59% of its portfolio in Time Warner Inc (NYSE:TWX). Ontario Teachers Pension Plan Board last reported 0.26% of its portfolio in the stock. The California-based Research Glob has invested 0.25% in Time Warner Inc (NYSE:TWX). Boston Prns reported 5.40M shares or 0.57% of all its holdings. Fagan Inc, a New York-based fund reported 33,575 shares. Financial Counselors has invested 0.06% of its portfolio in Time Warner Inc (NYSE:TWX). Buckingham holds 24,491 shares or 0.48% of its portfolio. Blume Mgmt Inc accumulated 2.69% or 36,650 shares. Raymond James Fincl Svcs Incorporated owns 55,103 shares or 0.04% of their US portfolio. Catawba Va last reported 10,733 shares in the company. Nicholas Co Incorporated Wi has 2.65% invested in the company for 1.79M shares. Orrstown Fincl Svcs holds 0% or 47 shares in its portfolio. Dodge Cox has 37.84M shares for 2.75% of their US portfolio. Marathon Asset Llp has 902,360 shares for 1.41% of their US portfolio. Moreover, Philadelphia Trust has 1.11% invested in Time Warner Inc (NYSE:TWX) for 173,962 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 6 selling transactions for $8.20 million net activity. GINSBERG GARY L had sold 3,000 shares worth $227,370 on Friday, June 3. CAPPUCCIO PAUL T sold 56,595 shares worth $4.43M. 14,240 shares with value of $1.14 million were sold by Magee Karen on Thursday, August 25. NOVACK KENNETH J also sold $626,724 worth of Time Warner Inc (NYSE:TWX) shares. $596,669 worth of Time Warner Inc (NYSE:TWX) was sold by BOLLENBACH STEPHEN F.

Time Warner Inc. is a media and entertainment company. The company has a market cap of $68.08 billion. The Firm operates through three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution. It has a 17.73 P/E ratio. The Firm also holds interests in companies that operate broadcast networks.

TWX Company Profile

Time Warner Inc. (Time Warner), February 4, 2000, is a media and entertainment company. The Firm operates in three reporting divisions: Networks, Film and TV Entertainment and Publishing. Networks consist of television networks and premium pay and basic tier television services and digital media properties. Film and TV Entertainment consists of feature film, television, home video and videogame production and distribution. Publishing consists of magazine publishing. In August 2012, Turner Broadcasting System, Inc. acquired Bleacher Report.

More notable recent Time Warner Inc (NYSE:TWX) news were published by: Latimes.com which released: “AT&T closes in on deal to buy Time Warner Inc.” on October 21, 2016, also Profitconfidential.com with their article: “Time Warner Inc: Why TWX Stock Is on Fire” published on October 24, 2016, Reuters.com published: “AT&T reaches deal to buy Time Warner for more than $80 billion: WSJ” on October 21, 2016. More interesting news about Time Warner Inc (NYSE:TWX) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades” published on October 31, 2016 as well as Investorplace.com‘s news article titled: “Why GoPro Inc (GPRO), Time Warner Inc (TWX) and TD Ameritrade Holding Corp …” with publication date: October 24, 2016.

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