Time Warner quarterly revenue rises 9pc
- Hope Soto
The hedge fund held 155,000 shares of the television services company at the end of 2017Q3, valued at $15.88M, up from 95,000 at the end of the previous reported quarter. About 1.43M shares traded.
The increases come at AT&T's proposed acquisition of Time Warner is held up by a Justice Dept. lawsuit. It has outperformed by 19.67% the S&P500.
Reynders Mcveigh Capital Management Llc decreased its stake in Nvidia Corp (NVDA) by 8.64% based on its latest 2017Q3 regulatory filing with the SEC. The company had Year Ago Sales of 7.74 Billion.
Fourth-quarter income from continuing operations attributable to shareholders was $1.4 billion or $1.75 per common share compared to $317 million, or $0.40 per common share, previous year. The company has market cap of $73.54 billion.
Following the Time Warner earnings release, the company's stock jumped by more than 1% to as high as $96.50 in premarket trades this morning. Time Warner Inc. (NYSE:TWX) 's institutional ownership was registered as 80.00%, while insider ownership was 0.10%. It has outperformed by 20.12% the S&P500.
HBO's adjusted operating income in the fourth quarter increased 12 percent to $483 million thanks to a 16 percent gain in subscription revenue, partially offset by a 7 percent decrease in content and other revenue and higher expenses, including for programming and marketing. Its down 0.09, from 0.85 in 2017Q2. Columbia Asset Mngmt invested in 30,603 shares. Bridgewater Associates Ltd Partnership reported 0.01% in Praxair, Inc. Marshall Wace Ltd Liability Partnership has invested 0.04% in ResMed Inc.
TWX has been the topic of a number of other reports. Lvm Capital Mi holds 84,158 shares or 2.06% of its portfolio. Northern Trust Corporation reported 6.81 million shares. Regent Invest Management Lc has invested 1.28% in Time Warner Inc. Consonance Capital Management Lp owns 2.00 million shares or 7.7% of their United States portfolio. The stock of Time Warner Inc. (NYSE:RMD). Old Mutual Customised Solutions (Proprietary) reported 0.04% in ResMed Inc. (NYSE:TWX). Caisse De Depot Et Placement Du Quebec has invested 0.15% in Time Warner Inc. (NYSE:TWX) for 60,100 shares. Leisure Capital Management has 1,981 shares.
Tang Capital Management Llc holds 36.54% of its portfolio in La Jolla Pharmaceutical Company for 3.44 million shares. Lumbard Kellner Lc owns 32,473 shares. Investment Advsr has invested 1.06% in ResMed Inc. (NYSE:TWX) for 8,431 shares. The company was upgraded on Thursday, November 17 by Moffett Nathanson. Blackrock owns 10.63 million shares. SULPIZIO RICHARD sold $1.80 million worth of ResMed Inc. (NYSE:RMD) on Wednesday, August 9.
Time Warner Inc. (NYSE:TWX) has a beta of 0.92, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole. Therefore 50% are positive.
Among 23 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 8 Hold. As per Tuesday, July 26, the company rating was downgraded by FBR Capital. On Thursday, March 2 the stock rating was downgraded by Loop Capital to "Hold". The firm earned "Neutral" rating on Monday, October 24 by Atlantic Securities. MKM Partners reiterated a "neutral" rating and set a $107.50 price target (up from $90.00) on shares of Time Warner in a research report on Monday, May 1st. The company was downgraded on Wednesday, August 2 by Bank of America. Last quarter, the company saw 7.6 billion in total revenues.
Operating income increased 22 per cent to $US1 billion.
Since December 14, 2017, it had 0 buys, and 1 insider sale for $2.11 million activity.
Analysts await Time Warner Inc. (NYSE:TWX) rating on Friday, February 5. Therefore 0 are positive.
As analysts expect Time Warner Inc (NYSE:TWX) to register solid earnings growth of 24.37% over the next year, let's stop and think through this strong vision. (NYSE:TWX), 16 have Buy rating, 0 Sell and 24 Hold. The firm has "Buy" rating by Pivotal Research given on Wednesday, November 4. Thus, it is essential to run your own analysis on Time Warner's future earnings whilst maintaining a watchful eye over the sustainability of their cost management methods and the runway for top line growth. The stock has "Hold" rating by RBC Capital Markets on Sunday, September 17. The firm has "Equal-Weight" rating by Morgan Stanley given on Tuesday, April 26. The firm earned "Buy" rating on Friday, August 14 by Citigroup. (NYSE:TWX) on Thursday, December 14. The rating was maintained by Rosenblatt with "Hold" on Thursday, August 3. Its up 0.09, from 1.21 in 2017Q2. It turned negative, as 66 investors sold TWX shares while 374 reduced holdings. 76 funds opened positions while 178 raised stakes. Cqs Cayman Lp reported 114,102 shares stake.
Plus, in that case, holders of TWX stock receive a premium over the current stock price and triple the dividend yield. (NYSE:PX). Moreover, Amalgamated Bankshares has 0.15% invested in Praxair, Inc. Cantab Cap Ptnrs Llp reported 23,869 shares. Badgley Phelps & Bell holds 0.76% or 100,149 shares. Zweig reported 70,500 shares. Ruggie Cap reported 2,448 shares. Raymond James Advisors reported 451,805 shares. Exxonmobil Inv Mgmt Tx has invested 0.37% of its portfolio in Time Warner Inc. Klingenstein Fields Ltd has invested 1.4% in Time Warner Inc.
If the merger goes through, the agreement gives holders of TWX stock $107.50 per share.
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