In today’s session Time Warner Inc (TWX) registered an unusually high (1,653) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious TWX increase. With 1,653 contracts traded and 105634 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: TWX161216C00092500 closed last at: $0.61 or 15.3% down. About 333,798 shares traded hands. Time Warner Inc (NYSE:TWX) has risen 17.82% since April 11, 2016 and is uptrending. It has outperformed by 11.68% the S&P500.
Time Warner Inc (NYSE:TWX) Ratings Coverage
Out of 30 analysts covering Time Warner Inc. (NYSE:TWX), 19 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 63% are positive. $200 is the highest target while $71 is the lowest. The $93.86 average target is 8.42% above today’s ($86.57) stock price. Time Warner Inc. has been the topic of 70 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Friday, August 14 with “Equal-Weight”. FBR Capital upgraded Time Warner Inc (NYSE:TWX) on Monday, October 31 to “Outperform” rating. Topeka Capital Markets maintained it with “Buy” rating and $107 target price in Tuesday, September 15 report. RBC Capital Markets downgraded Time Warner Inc (NYSE:TWX) rating on Monday, October 24. RBC Capital Markets has “Sector Perform” rating and $108 price target. The firm earned “Outperform” rating on Friday, September 11 by Macquarie Research. The firm earned “Buy” rating on Monday, August 3 by M Partners. As per Thursday, January 21, the company rating was initiated by Albert Fried. Pivotal Research downgraded it to “Hold” rating and $107.50 target price in Monday, October 24 report. The stock has “Outperform” rating given by Wedbush on Friday, February 12. Wedbush maintained Time Warner Inc (NYSE:TWX) on Monday, October 24 with “Neutral” 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 Q2 2016. Its down 0.40, from 1.33 in 2016Q1. The ratio fall, 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.
Thematic Ptnrs Ltd Liability Com holds 622,641 shares or 1.13% of its portfolio. Meridian Investment Counsel last reported 0.74% of its portfolio in the stock. Jones Finance Companies Lllp accumulated 57,066 shares or 0.02% of the stock. Fifth Third Commercial Bank holds 0.25% of its portfolio in Time Warner Inc (NYSE:TWX) for 394,817 shares. Td Capital Limited last reported 0% of its portfolio in the stock. Goldentree Asset Management Limited Partnership holds 8.87% or 501,807 shares in its portfolio. Diam Ltd has 0.1% invested in the company for 92,645 shares. The New York-based Amer Intl Inc has invested 0% in Time Warner Inc (NYSE:TWX). Fmr reported 10.87M shares or 0.11% of all its holdings. Burnham Asset Mngmt Ny accumulated 0.07% or 3,266 shares. Williams Jones And Assocs Limited Liability Co accumulated 16,619 shares or 0.06% of the stock. Invesco holds 0.19% or 6.89 million shares in its portfolio. Brahman Cap holds 2.37 million shares or 5.74% of its portfolio. Van Eck Corp, a New York-based fund reported 237,772 shares. Ncm Management Gru reported 2,300 shares or 2.06% of all its holdings.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 5 sales for $7.61 million net activity. Magee Karen sold $1.14 million worth of Time Warner Inc (NYSE:TWX) on Thursday, August 25. On Thursday, June 9 NOVACK KENNETH J sold $626,724 worth of the stock or 8,400 shares. $4.43M worth of Time Warner Inc (NYSE:TWX) was sold by CAPPUCCIO PAUL T. GINSBERG GARY L also sold $227,370 worth of Time Warner Inc (NYSE:TWX) shares.
Time Warner Inc. is a media and entertainment company. The company has a market cap of $66.55 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 15.41 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: “Trump’s victory could threaten AT&T’s purchase of Time Warner” on November 10, 2016, also Latimes.com with their article: “AT&T closes in on deal to buy Time Warner Inc.” published on October 21, 2016, Investorplace.com published: “Trade of the Day: Time Warner Inc (NYSE:TWX)” on November 08, 2016. More interesting news about Time Warner Inc (NYSE:TWX) were released by: Reuters.com and their article: “Trump victory clouds outlook for Time Warner-AT&T, other mergers” published on November 09, 2016 as well as Profitconfidential.com‘s news article titled: “Time Warner Inc: Why TWX Stock Is on Fire” with publication date: October 24, 2016.
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